A charitable trust is a great way to give back to the community or to organizations that have helped you or others. Some people choose to leave behind assets and money to these organizations so that they can have money for research or outreach. Some prefer to give...
Month: March 2020
The key to effective supply contracts
When drawing up supply contracts, hiring a business attorney to draft your agreement could save you from potential complications with the contract in the future. A Detroit business attorney who understands your manufacturing business can think outside the standard...
The importance of a clear business partnership agreement
What do these pairs have in common: Lennon and McCartney, Sonny and Cher, Saverin and Zuckerberg, Kraft and Starbucks? Answer: They are all failed business partnerships which ended acrimoniously. If you consider going into business with someone else, you must begin...
Common reasons for business litigation
Business litigation can come out of the blue. It can occur for reasons you never even considered. There are three categories of people that could take you to court: employees, other businesses and the general public. These are the most common reasons for business...
Can I contest a will in Michigan?
You knew your dad loved your little sister more than he loved you. He denied it whenever you asked him, but his actions spoke louder than his words. Now that he has died, it is clear for all to see -- he has left the house to your little sister, and all you get is his...
Think you don’t need an estate plan? Think again
A visit to an attorney is probably not on your list of top 10 fun things to do in Detroit. If you have not yet made an estate plan, it is easy to find reasons to put it off: too much hassle, too busy, too young or you don’t care what happens when you are dead. Yet,...
Will your automotive industry non-compete be upheld?
If you own a company that operates in the automotive industry, you may have wondered whether you should make your employees sign non-compete agreements. They have become increasingly popular throughout the business world over the last few years. The Economic Policy...
What type of trust do I need?
If you are considering making an estate plan, you may want to consider a trust. There are two basic types: revocable or irrevocable. Irrevocable trusts If you are entirely sure about setting up the trust and certain that you will never change your mind, you may go for...
Plan now to reduce the risk of business litigation later
Sitting in court, you reflect on the highs and lows of your business journey. With the benefit of hindsight, it is easy to pinpoint the things you should have done differently, which would have prevented your current situation. You remember how enthusiastic you were...
How to recognize securities fraud and how to prove it
You may have seen your investments plummeting recently. If you invested your funds in industries, such as airlines, restaurants or cruise lines, it is no surprise. Yet, if your stocks were in things such as online technology, or supermarket chains, you might be...
