Divorce Waiting Periods – Michigan and Wisconsin
Both Michigan and Wisconsin have waiting periods for individuals seeking a divorce. Both states calculate the waiting period from the date of filing (date of service in Wisconsin) of the complaint or petition for divorce. This means that the sooner you file for divorce the sooner your divorce may be finalized by the Court. In […]
Michigan Supreme Court Strikes Down Sentencing Guidelines
On July 30, 2015, the Michigan Supreme Court ruled that Michigan’s sentencing guideline scheme is unconstitutional. The court opined that the guidelines, which mandated prison terms in certain cases, are not binding on judges. Here is a link to a Freep.com article on the case. Here is a link to the Michigan Supreme Court opinion. Jacob D. […]
Warning: Property Tax Scam
Homeowners in Oakland County with delinquent property taxes are facing a new threat. To our knowledge, the scam has not spread to Dickinson County or the surrounding areas. This article from the Detroit Free Press explains the scam. He are a few ways to prevent this from happening to you: (1) make sure that you are up […]
Camp, Cottage, or Hunting Property Limited Liability Companies (LLCs): Part One
What is a Limited Liability Company? A Limited Liability Company, or LLC, is a legal entity created under state law with the legal ability to hold, buy, and sell property. The LLC is run by its members or managers appointed by the members. Why would I put my Camp, Cottage, or Hunting Property into an […]
Acquire an Existing Business: Asset Purchase vs. Stock Purchase
Imagine this scenario: a successful small business owner in your community who has spent years growing a business is looking for a way to retire. He or she approaches you with an offer to sell his or her business for a reasonable price, knowing you are the perfect person to run it. At first, you […]
Changes to Michigan Property Tax Law Allow Owners to Avoid Uncapping
Effective December 31, 2014, Michigan property owners will be able to more readily transfer their real property without having the taxable value increase. The new law, signed by Governor Snyder in October, is a fix to a convoluted 2012 law that changed the way local tax officials determined the taxable value of residential real estate […]