Buying a business may seem like a strong investment during early discussions, especially when the seller presents positive numbers and describes stable operations. Based on what you have seen so far, closing may feel like the natural next step. However, due diligence...
As a business owner, you may have spent years building a business worth protecting. Now you want your children to benefit from that work one day. A standard estate plan may cover your personal assets, but it rarely accounts for an operating business. In Michigan, if...
You are hiring key employees who drive revenue and growth. Losing them to a competitor could put your business at risk. Noncompete agreements can help protect your clients, secret business information and daily operations. In Michigan, these agreements are mostly...
Probate is a process where the court validates your will, settles debts and distributes assets to the right people. Understanding what this process does and how it can impact your company can help you prepare your loved ones for what comes after. Business operations...
Property can legally change hands in Michigan even if no one sells it. Through either adverse possession or acquiescence, someone who isn’t the legal owner can end up with rights to a piece of land, simply based on how it was used or accepted over time. These two...
New owners often rush to start their companies with automated tools or basic templates. These platforms promise speed and low costs but they usually fail to protect your long-term interests. Using an algorithm or a generic form creates a false sense of security that...
There are a lot of decisions to make when starting a business. Choosing a location, hiring talent, developing a marketing plan and securing supply chain contracts are amongst them. However, there’s another step you have to take early on if you want to ensure you...
When business owners prepare for a significant transaction, whether it involves buying or selling a company, restructuring ownership, securing investment or negotiating complex contracts, choosing legal counsel is one of the most consequential decisions they will...
Yes, it is often possible to limit how a guardian uses your child’s money by using estate planning tools that separate care from money management. You may achieve this by naming a trustee instead of relying on a guardian to handle inheritances, which lets legal duties...
It is undoubtedly exciting to make a bold decision to buy a commercial property. However, individuals and businesses that are doing so must bear in mind that due diligence is a vital aspect of being fully protected. There are several keys with proper due diligence and...