One of the very useful aspects of the limited liability act and the Michigan business corporations act is that it provides protection for a business owner’s personal assets if the company defaults on its loans or otherwise has a judgment against it. This is not…
Occasionally a client comes to me and tells me they have an LLC or a corporation with their friends. When I request documentation to support the LLC or corporation there are no articles of organization, articles of incorporation, nor are there bylaws or an operating…
As previously referenced in this blog, stock allows a Corporation to do many different things. It is an effective way to raise capital, to transfer voting rights in a company, and it even can be a means to transfer presumptive rights to the heirs of the…
I’m regularly asked by clients whether or not they need a corporation or an LLC. Both options carry benefits and risks. Generally, corporations are better for businesses that are going to scale into larger operations. LLCs are better when the business is going to be…
This will be the opening post in a series on corporate law for our blog. Over the course of my practice I have had innumerable clients come to me for advice after their business has run into some sort of trouble, be it defaulted loans…
Associate Attorneys Ian Hickman, Michael Sapick, Bradley Schafer, and Michael Osman attended the 4th Annual No-Fault Summit sponsored by the Institute of Continuing Legal Education. The No-Fault Summit addressed recent developments in first- and third-party automobile insurance law in Michigan, including pending and recently decided…
Michigan recently abolished dower by statutory enactment. Dower in the common law provided that a widow was entitled to a dower interest in all of the real property owned by her husband during the period of their marriage. This common law interest was codified into…
Mr. Kaufmann attended West Michigan Trade Week this year for the firm. He represented the firm’s growing Corporate Practice and networked with a number of business leaders from Amway, Aon, Federal Express, and many others. West Michigan’s World Trade Week focuses on providing small and…
For any of those reading this involved in real estate might point out, there is no specific deed called a “Ladybird Deed,” however, the term Ladybird Deed refers to an estate planning tool which transfers the ownership of property through certain stated events. Therefore, a…
