The automobile industry remains a critical part of the economy in Southeast Michigan. Detroit is the home for several major automobile manufacturers, but it also has many smaller auto dealerships. The income from the business of selling new and used cars to the...
Month: March 2021
Careful business planning can prevent litigation
Legal troubles can cause even a well-established business in the Detroit area to struggle or even financially collapse. While businesses may face litigation or regulatory actions from a government from time to time, a careful plan can prevent many lawsuits while...
Misrepresentations and omission in 10b-5 claims
Securities fraud is more widespread than many people realize, wreaking havoc on unsuspecting investors who wanted nothing more than a little financial stability. This is unacceptable. While the criminal justice system may take action against those financial...
Is generational wealth a reality or a dream?
Residents of Detroit and other parts of Michigan might learn about creating wealth that lasts through generations. The Chinese have a saying, which translates as, "rags to rags in three generations." This means that by the third generation, the wealth is gone and...
