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As you entered your business endeavor with your partner, you probably had high hopes for the future. After all, you probably thought long and hard about how to make your business relationship work. Yet, as with most relationships, partnerships tend to see their fair...
Business owners never want to think about the day when they are no longer in business. Unfortunately, the experience of closing a business is one that many Michigan business owners will have to go through. There are many reasons to close a business, including:...
When a person in Michigan dies with a will, that will must go through the probate process before the heirs can receive their inheritance. Probate is also necessary if a person dies without a will. Probate can be time-consuming, costly and the probate proceedings...
Detroit business owners who are experiencing business growth may at some point consider franchising. As a franchisor, you agree to allow someone else, the franchisee, to use things like your brand name, operating systems and other intellectual property. These rights...
A business may decide that it wants to partner with another business for a variety of reasons. By pooling their resources, they may be able to reach a wider audience and increase their revenue. Joint venture The formal name for this type of arrangement is a joint...
Practically any adult can benefit from having an estate plan in place. That is because Michigan residents cannot predict what will happen in the future. Though many will live long and healthy lives, others may face challenges that take their lives down unexpected...
Crafting an ironclad noncompete agreement is essential for Michigan businesses today, especially where a company must protect its IP or other highly classified information to remain competitive. The main purpose of a noncompete is to prevent a former employee from...
Financial crimes are growing more prevalent in Michigan and across the nation and seniors are frequently the most victimized demographic. Securities fraud is problematic because is difficult to detect before it is too late. This goes beyond simple acts of theft and...
Over the past two years or so, estate planning has become a hot topic, but for some, if not most, estate planning is still just on the to-do list. However, for our aging parents, the need to estate plan gets more urgent with every passing day. It is a hard...
Obviously, financial professionals should not lie to their clients or commit fraud with the client’s money. Those who manage money on behalf of other people need to be basically honest. If they are otherwise, then their clients may be entitled to compensation....
