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Owning your own small business in the metro Detroit area can be a source of pride and can be a lucrative endeavor that you want to pass on to your heirs or business partners. There are steps you can take in the estate planning process to ensure your dreams for your...
If it is drafted well, the core of an important business contract will explain each side’s rights, obligations and responsibilities clearly and completely. Well-drafted contracts do cut down on the possibility of litigation. However, the reality is that even with the...
In Michigan and across the nation, investment opportunities in new industries are coming up with stunning regularity. Whether it is an innovation like bitcoin, a business that is still in its infancy like legal marijuana or new ventures that could help with...
Estate planners may wonder what happens if they become incapacitated and if an estate plan can help them plan for that situation. An estate plan can include a plan for incapacity which will help the estate planner prepare for a situation when they are incapacitated....
Auto dealerships in the Detroit area, as well as many other employers in the automobile industry, rely on a commission system to pay their sales employees. They may even use commissions as the exclusive way for their sales employees to earn income. This usually is a...
There are many different businesses in Michigan. Each of these businesses provides different services or products. Their focus is usually on the work of the business. They are generally worried about production, their client’s needs, marketing and growing the...
Victims of securities fraud, or other related bad acts, are not just high-earners and the ultra-wealthy. Many residents of Southeast Michigan can get caught up in trading schemes that benefit the person who thought the scheme up but at the expense of innocent...
For Michigan residents who are involved in the stock market or are considering investing, it can be difficult to know whom to trust with their money. This is true whether the person is interested in supplementing their income with light investing in safe entities or...
With the proliferation of a distinct online life now a common place, many are beginning to think about a digital estate plan. But, do estate plans normally include those digital assets? Estate plans can include digital assets Estate plans can definitely include...
The manufacturing and automotive industries have been a significant part of Detroit’s economy for decades. Factory owners rely on the hard work of their employees. Therefore, it is important that they provide employees with a safe workplace. Specifically, employers...
