What should your business plan include?
It is more common than some people realize for entrepreneurs to start a company without ever writing out a business plan. Such entrepreneurs may consider themselves flexible and claim that they want to adapt their practices to real-time feedback. However, a lack of a business plan can put them at a disadvantage when communicating with … Read more
Common estate planning mistakes people should avoid
Young couples who are building a family together and professionals who are thinking about their security need to put together estate plans. As do retirees, young adults and anyone else who has a vested interest in controlling their legacy instead of handing that power over to the state. Someone’s current family and financial circumstances determine … Read more
Dos and Don’ts for Bankruptcy
Bankruptcy is a legal process that enables consumers to get rid of their debt and start fresh through the court system. Depending on the type of bankruptcy filed, some consumers will have to make monthly payments to the bankruptcy court over a specified period of time, while others will have their debts dissolved. There are … Read more
Can I keep my home or car when filing for bankruptcy?
One reason that some people don’t file for bankruptcy is because they don’t want to lose their assets. They think of bankruptcy as a process of liquidating assets, paying off their creditors with the money from those sales and then having the rest of their debt forgiven. They do want to get rid of their … Read more
Two Ways Filing for Bankruptcy Provides Immediate Relief
Bankruptcy is designed to offer relief to debtors who have gotten in over their heads. For many debtors, the most immediate relief comes in the form of the automatic stay. The automatic stay is an injunction that goes into place as soon as your bankruptcy petition is filed. It serves to put an immediate halt to most … Read more
Common Business Succession Planning Mistakes
Business succession planning is incredibly important for the future of a business. If you own a family business, it may also be quite important for your family’s financial outlook, as you may view the business at least partly as something that you have built specifically for them. You may want to pass the company down … Read more
3 Ways a Judge Can Resolve a Business Contract Dispute
As a small business owner or someone running an organization, you likely take great care when negotiating your contracts. You may even customize every contract you sign to optimize your organization’s protection. Unfortunately, there is never any guarantee that the other party to the contract will follow through on their obligations to this. Individuals may … Read more
4 Common Mistakes Made When Drafting Business Contracts
Your business contracts make a huge difference to your operations. Unfortunately, you may take for granted that a written agreement will protect you from a breach of contract or other forms of misconduct. Business owners and other professionals sometimes learn the hard way that not everyone respects contracts and upholds them the way that they … Read more
Starting the Succession Planning Process for Your Business
What happens to you your business if you become disabled? Voluntarily retire? Have you set up a means of deriving the value of your business for yourself or your family members? If you have not addressed these issues, you need “Succession Planning” and now is the time to get started with it. Whether you leave … Read more
Why Are There Bankruptcy Exemptions?
If you file for bankruptcy, one thing that you want to look into is the list of different exemptions that you can utilize. Essentially, if you’re filing a Chapter 7 bankruptcy, you may be liquidating some of the assets that you own. While actually rare, this means that some of your assets must be sold … Read more
Let’s Talk AboutYour Financial Future. Call For A Consultation.
For trusted help in matters of bankruptcy, estates, business, taxation or real estate, we encourage you to contact us for a no-obligation consultation. During our first meeting at our Royal Oak office, over the phone or via videoconference, you will be introduced to your main point of contact who will work closely with you throughout your case. We will take the time to listen to your story, answer your questions and develop a plan for success. No judgment, just advice geared toward your financial goals backed by decades of experience.
Please call 248-927-2755 or send us an email to learn more or to schedule an appointment. We look forward to serving you.
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