Setting the right value for your business when it's time to sell is a critical step for every small and medium-sized business (SMB) owner. It's not just a financial decision but a reflection of the hard work and dedication invested in your enterprise. This guide aims to demystify the business val...
Unlock the power of Letters of Intent (LOIs) in Michigan business transactions with our comprehensive guide. Learn how LOIs set the stage for successful deals, discover the key components every LOI should include, and understand the benefits of using LOIs in your business negotiations. Whether you're a buyer or seller, understanding the role of LOIs is vital for navigating the complexities of Michigan business transactions. Dive into this blog to gain insights into the world of LOIs and elevate your business deal-making process.
Beginning your retirement in Michigan is a great milestone that is worth celebrating. You have put in many years of hard work, and you are now able to focus your energy on the next phase of your life. However, before you begin this next chapter, you need to make sure that you have fully thought through this exciting change in your life.
Confused about the differences between a will and a trust in Michigan? If so, you are not alone. While it is always wise to contact experts like us, it is also important to understand the basics. Here is a quick and simple reference guide: What a Revocable Living Trust Can Do in Michigan – That...
Estate planning in Michigan, often tucked away in our minds as a task for our "older, wiser" years, isn't merely about planning for retirement or an unforeseen event. It's about securing peace of mind, ensuring your hard-earned assets are distributed according to your wishes, and creating a legac...
An estate plan often focuses on tangible property such as jewelry, artwork, money, and vehicles. However, in this age of technology, it is important to remember to include your digital assets. Digital assets consist of everything we own online. Because we spend more time on computers and smartpho...
In estate planning circles in Grand Rapids, Michigan, the word “probate” often evokes mixed feelings. Indeed, for many people—especially those with valuable accounts and property—financial planners recommend trying to keep accounts and property out of probate whenever possible. That being said, t...
Avoid the pitfalls of probate in Grand Rapids, Michigan. Understand the importance of trust-focused estate planning and secure your legacy with expert guidance.
Understanding Non-Compete Agreements in Michigan Non-compete agreements are a common feature in Michigan's employment landscape. These contracts restrict employees from working for competing firms or starting a similar business for a certain period after leaving their current employer. While the...
Estate planning is the development and implementation of a master plan that facilitates the distribution of your property during your life and after your death - according to your goals and objectives. Without advance planning, you have little say about which loved on...
When Should I Sell my Business? Very few owners experience the luxury of someone approaching them out of the blue and handing them a check to buy their business. Selling a business requires many of the same steps that it takes to build a business. You need to plan, execute a strategy, and in s...
Vacation homes are not only real estate that must be planned for, managed, and maintained, they are also the birthplace of happy memories for you and your loved ones. The following are some important estate planning questions to consider to ensure that your place of happy memories is protected.
It can be hard to get motivated about your estate planning; it sounds about as fun as getting a root canal. However, you also probably want to make sure that your loved ones are protected and receive your hard-earned money and property – regardless of whether you have $10 million or $10,000. D...
Wills v Trusts: A Quick & Simple Reference Guide
Your home is often one of the most valuable items of property that you will ever own. A Life Estate can be an effective and straightforward method to avoid probate and accomplish your estate planning goals.
The restaurant and hospitality industry is being uniquely hit by the economic halt resulting from the ongoing Coronavirus (COVID-19) disaster.
Launching a business is exciting. Taking the time to plan matters.
Purchasing an existing business is a major decision that many buyers are making. Last year, more than 500,000 businesses underwent ownership transitions. Understand the process.
