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If you have encountered a breach of contract in your everyday course of business, you will realize it can be disruptive, to say the least. It is helpful for business owners to understand what is considered a contract breach and what they can do about it if they are on...
As is the case with many other states, Michigan employers are not required to offer severance packages to employees when they terminate them. One narrow exception would be workers who have an employment contract that spells out their severance pay. Even if a...
As the saying goes, there are only two guarantees in life and those are death and taxes. While people are taxed on various items throughout their lives, they could also be taxed at their death as well. These types of taxes are known as estate taxes and are generally...
No part of the estate planning process is one-size-fits-all, and that includes selecting an executor. The role of an executor, sometimes known as a personal representative, can be challenging. When people write their wills and other estate planning documents, it's...
Many people in the greater Detroit area have made their fortunes through the area’s automobile industry. For example, there are those who may work in a well-paying job for a major automobile company or another big player in the industry. Others may have an ownership...
Most people who are getting ready to wade into the waters of estate planning have more questions than answers. This is understandable, since there are numerous different options available for any given person who wants to craft a solid, comprehensive estate plan....
If you are starting your own business in Michigan, one of your steps will be to choose a business structure that is appropriate for your business. One potential business structure for you to consider is the limited liability company, or LLC. Before you make your...
An employment contract can be a great way for you to secure talent while also ensuring that your business needs are met. But you shouldn’t negotiate and draft these agreements lightly. After all, they can set the terms of a business relationship for years to come, and...
On its face, estate planning can seem relatively straightforward. But this is a dangerous assumption to make. In fact, those who mistakenly think that their estate plan is simple often procrastinate putting one together, which can spell all sorts of trouble later....
When you decide to set up your estate plan, you may not know where to begin. The options may seem overwhelming. In this post we will discuss some of the most important documents in any estate plan: There are four common and important types of documents in estate...
