Your estate plan is a snapshot of you, your assets, your family, your goals and the laws in effect at the time it was prepared. Due to the continuing evolution of estate planning laws, we recommend that you review your documents at least every two to three years.
At Doxsie Law Firm we listen, educate, recommend, design, and assist in the implementation of safe, flexible, comprehensive yet understandable, efficient, and cost effective estate plans and related protective documents in order to achieve the goals and objectives of our clients.
We are aware that establishing and operating a business involves ever-present financial, operational and legal issues. We partner with our clients to ensure that all needs are understood and met through regular meetings, ongoing open communication and providing clients with unfettered access to their attorney.
Additionally, we frequently integrate our client’s matters where applicable with the client’s other professional advisors, including their accountants, financial advisors, appraisers, bankers and insurance advisors. We tailor our communications strategies for the different needs of each client.
An ounce of prevention is worth a pound of cure. This is not only true in regards to your health but to your business and financial well-being as well. Through representation of many clients, we consistently advise business clients on preventative measure from the simple business adjustments to the complex transactions while also routinely counseling businesses on virtually all of the legal problems they may face. Helping our clients stay out of court by limiting or preventing liability is a key element of our approach to business disputes.
Purchasing an existing business has numerous benefits. The business, physical location, employees, and customer base are already established, saving the buyer the time and energy required to start a new company. However, a buyer should still carefully review the financial past of the business before taking any action.READ MORE
Business organization, including counsel on the type of business entity and structure, preparation or proper corporate minutes, preparing shareholder agreements, buy-sell agreements, LLC operating agreements
You need a will. Plain and simple. But even that is not enough, you should also have a revocable living trust. A revocable trust with an incapacity clause is a document that spells out how you want your financial life managed if you become incapable of making the moves yourself.
Both the LLC and S corporation are well liked among accountants and small businesses because of their “pass-through” tax treatment. Unlike a regular C corporation, both of these structures do not pay taxes on the business’s profits.READ MORE
One of the primary reasons to form a corporation is to insulate your personal assets from liability. In order to maintain that liability “shield”, you must follow the formalities set forth in the Michigan Business Corporation Act.
The typical business owner’s business interest, next to personal earning power, is probably their most valuable income producing asset. Both the owner and their family depend heavily upon it. A Buy-Sell Agreement is only as good as the financial arrangements that have been made to support it.