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...
Michigan businesses that can sell their product or services online are increasingly confronted with the difficult decision of whether to have a brick-and-mortar location or to simply be an online entity. This hinges on many factors such as what is being offered, if...
Launching a new business development project often requires significant capital, and many entrepreneurs turn to loans to make their vision a reality. It is important to understand, however, that not all loans are created equal. How financing is structured can...
Living together during a divorce can be a recipe for disaster. Spouses may find themselves fighting constantly, which can affect everyone in the household. Particularly when the divorce is not amicable or there are minor children to consider, it is often beneficial...
Purchasing a piece of commercial real estate is a big commitment. But it can also set the stage for a successful business venture that brings you significant profits. The risks, however, can be great. So, as you embark on a journey to find the commercial real estate...
Running a small business comes with countless daily challenges, but few threats can derail your operation like contract disputes. When a client, vendor or partner fails to honor their agreements, it can create ripple effects throughout your company. These disputes can...
Buying commercial property without checking zoning rules can cost you thousands in fines and lost business opportunities. Local governments place limitations on Michigan land developments. This makes it critical for commercial real estate developers to be aware of...