It’s a tough question, but one that every business owner should ask: What happens to my business if I die unexpectedly—and I haven’t made a plan for what comes next? The answer, especially in Michigan, depends on a few key factors: how your business is structured, what legal documents are (or aren’t) in place, and […]
What Happens to My Business If I Die Without a Succession Plan? Read More »
On January 1, 2021, Congress enacted the Corporate Transparency Act (the “CTA”) for the purpose of protecting U.S. national security, combat money laundering, and promoting financial transparency. The CTA requires certain businesses and other entities to report information on their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), an agency in the U.S. Department
FinCEN Enjoined From Enforcing Corporate Transparency Act Read More »
We are thrilled to announce a huge win for our client, a local business owner! The court’s decision has put to rest a long-standing dispute over how inventory assets should be valued. The main issue was whether our client correctly valued the “slow-moving” sub-assembly parts according to GAAP standards. The court fully dismissed the buyer’s
Major Victory for Our Client in Commercial Dispute After Intense Week of Trial Read More »
As our lives become more and more intertwined with the internet, I see no end to the creative schemes employed to embezzle funds from individuals and businesses. It is more important than ever to keep watch over your on-line presence and to act quickly when you suspect fraud. As an example, I just worked with
Cyber Fraud: It happens more than ever Read More »
West Michigan is blessed with many business owners who are very generous and give to a variety of non-profit organizations and causes. The most common way they give is by making cash distributions from the profits of the business. In other words, the business owner takes a distribution, pays tax on it, and then gifts
Business Owners: Here is Another Option for Charitable Giving Read More »
It’s Fall and change is in the air! On October 30, 2017 the Corporations Division of the State of Michigan Department of Licensing and Regulatory Affairs will introduce a new Corporations Online Filing System (COFS). What Does this Mean for You as a Business Owner? Your Company’s Resident Agent should have already received a mailing
Corporation Filing Changes Ahead for a title. Read More »
If you have ever been involved with forming a new entity in Michigan within the last 20 years, you have undoubtedly heard of “LLCs”. The acronym stands for “limited liability company” (not “limited liability corporation”, as is often mistaken), and ever since Michigan adopted the Limited Liability Company Act in June 1993 (and later amended
LLCs – Why They Have Become The Best Option For Most Small to Medium Sized Businesses Read More »
Now more than ever, the transaction of business is dependent on the use of electronic means to secure a person’s signature. Everything from change of beneficiary designations to purchase agreements can now be signed electronically. While there are a few exceptions to this general rule – notably, estate planning documents still require a traditional written
Electronic Signatures are Generally Enforceable Read More »
Across the country, it’s estimated that 80-90% of businesses include family. If your business is in this category, does that affect how you think about your company? In other words, do you ever think about your business to what extent your family and business work together or the challenges that exist between the two? As
Fill in the form below to reserve your spot today for each person attending. If you have any questions, please call the office at 616.392.1821.
Fill in the form below to reserve your spot today for each person attending. If you have any questions, please call the office at 616.392.1821.
Fill in the form below to reserve your spot today for each person attending. If you have any questions, please call the office at 616.392.1821.
