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...
Certain financial obligations can diminish what beneficiaries inherit from an estate. The financial obligations of the decedent can consume a portion of their resources after their passing. The personal representative administering the estate may need to pay off debts...
Selling a piece of commercial real estate can prove to be extraordinarily profitable, or it could help you cut losses from your portfolio to stabilize your finances. Either way, you have to do what you can to get the most out of your commercial real estate...
Typically, wills are testamentary instruments. They only take effect after a person dies. As such, they provide protection for beneficiaries and others with an interest in the decedent's estate. The decedent may have enjoyed peace of mind from knowing they could leave...
As a business owner, you shouldn’t just shake hands on a business deal and assume you’re good to go. In Michigan, contracts must meet very specific requirements to be legally enforceable. Understanding what these elements are can save your business from potential...