Business law can be complex in the state of Michigan. Corporate bylaws, for one, can be quite confusing for a layperson to understand. Their purpose may not be clear to most people, even those considering taking their companies public. However, they are absolutely...
Planning for the future is an act of love and consideration for loved ones. Regarding estate planning, taking steps to minimize probate hassles can provide peace of mind for everyone involved. 1. Clear and specific beneficiary designations One effective way to...
If you're considering a merger or an acquisition in Michigan, you may want to double check that all facts are correct before finalizing a deal. You are more likely to make the right decision when you do your due diligence. Before you merge with or acquire a business,...
It's not uncommon for adult children to serve as a parent's executor. However, if you are asked to oversee your mother or father's Michigan estate, it's important that you understand what your duties are. It's also important to understand that you have the right to...
In Michigan and other states, commercial real estate owners may benefit from new legislation that makes it easier to discharge qualified real estate debt from loan modifications or debt workouts. The House of Representatives has introduced the bill H.R. 5580 to help...
Michigan business owners looking to form a non-profit corporation do well to abide by the laws of their state and federal government. Regulations for non-profits are designed to protect the public from fraudulent activities and to maintain transparency and...
When someone dies and leaves a will that outlines how they want their assets to be distributed and the beneficiaries that should receive them, Michigan courts will generally accept the document as representing the decedent's wishes. In most cases, the probate court...
Leaving assets and property to heirs can be a complicated process, especially if you have considerable wealth. Yet, it can become even more challenging if family members are estranged from one another. Estrangement from a child, siblings or other family members often...
Deciding to lease a commercial property in Michigan is a significant step for any business owner. It is an exciting venture that brings the promise of growth, expansion and new opportunities. Not every commercial lease you come across will be in your best interest,...
If you own a company with a partner in Michigan, it's important both of you agree on a plan for moving forward while following appropriate business law practices. When you're having significant trouble agreeing about a particular issue, solutions are available....