Our 50th Post
We wanted to take a moment to thank those of you who have been reading DetroitBusinessLaw.com for the past several months. We are excited to have reached the 50 post …
Our 50th Post Read MoreBlog
What Are A Dual Real Estate Agent’s Duties to the Buyer or Seller?
When purchasing or selling real property in Michigan, parties often rely on their real estate agent to guide them through the process with their best interests in mind. However, this …
What Are A Dual Real Estate Agent’s Duties to the Buyer or Seller? Read More“Waste not, Want not”
I owe my parents sincere thanks for instilling in me the value of money and the benefits of not living beyond my means. And while they would cringe at the …
“Waste not, Want not” Read MoreStatute of Limitations Set by Contract
Unless the parties agree otherwise, the Statute of Limitations for a breach of contract claim in Michigan is six years. However, the parties may agree by contract to a shorter …
Statute of Limitations Set by Contract Read MoreDecision of Michigan Court of Appeals Expands Rights of Minority Shareholders
On September 24, 2009, the Michigan Court of Appeals issued an important decision on the rights of minority shareholders in Michigan corporations. The Michigan Business Corporation Act allows a minority …
Decision of Michigan Court of Appeals Expands Rights of Minority Shareholders Read MoreThe Business Owners Arsenal
Perhaps the least understood and utilized weapon in the management arsenal are the business financial statements. While I might have a particular bias because of my chosen profession, I can …
The Business Owners Arsenal Read MoreCrain’s Detroit Article: Detroiters’ emotional attachment increases, despite economy
In this tough economic climate, a little good news for our City is welcomed. Detroit has been at the forefront of the hardship our country has faced for the past …
Crain’s Detroit Article: Detroiters’ emotional attachment increases, despite economy Read MoreMichigan Corporation and LLC Information Update Forms
Each year, limited liability companies (LLC) and corporations must file an Information Update with the State of Michigan. The State sends the necessary form each year to the registered address …
Michigan Corporation and LLC Information Update Forms Read MoreTrouble in Paradise
A new client came to me the other day concerned that while the business results for their most recent year end were the best yet, cash flow problems precluded them …
Trouble in Paradise Read More“Tis the Season”
One of the most common mistakes made by many accountants or financial advisors is their failure to adequately prepare a client for federal and state income tax balances due. This …
“Tis the Season” Read More