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 […]
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 […]