Resources for Metro-Detroit Businesses
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 MoreOn 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 MorePerhaps 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 MoreIn 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 MoreEach 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 MoreA 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 MoreOne 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 MoreThe Department of Homeland Security has released a revised I-9 Form (Click for a PDF version). The I-9 is the form used to verify the eligibility of an employee based …
Revised I-9 Form and Employer Guide Read MoreAn estimated 95% of lawsuits brought in Michigan are settled out-of-court, without ever going to trial. Trial preparation is expensive and fears of excessive verdicts are a major motivating factor …
Settlement Discussions: What You Say Will Not Be Held Against You Read MoreWhen real property is transferred in the state of Michigan, both state and county transfer taxes are assessed based on the purchase price of the property. Transfer taxes are imposed …
Broadening the State Real Estate Transfer Tax Read More