Why shouldn't a restaurateur be able to use his own name on his business?There's quite possibly a lot of good reasons to stop him -- especially if he sold the name when he sold his previous restaurant, along with the trademark, recipes and designs. Here's the problem....

Month: March 2017
Is a trust the right way to protect your family?
Estate planning is a necessary step for every individual who wishes to ensure that he or she retains control over what happens to his or her property, real estate and wealth after death. For many, it is possible to secure this type of protection in the terms of an...
Michigan’s child support formula isn’t always up to the task
Like many other states, Michigan uses a child support formula to determine each parent's financial obligation toward their child.The total financial support needed for basics, like food, shelter and clothing, as well as additional needs like medical expenses and child...
Understanding asset protection and bankruptcy
Bankruptcy is as much about asset protection as it is debt relief. In Michigan, debtors who file for Chapter 7 bankruptcy protection are entitled to choose between the federal exemptions or the state system of exemptions.What is an exemption? An exemption is property...
What happens to the business if your partner dies?
When you've barely begun a business partnership, it's hard to think of all of the possible future problems you may face -- especially when one of those possibilities is that either you or your business partner could suddenly die. Just the same, you need to establish a...
Do you need to update your estate plan to reflect new laws?
There are changes to Michigan law in 2016 that have the potential to be very important as far as estate planning goes.Two in particular should grab the attention of almost anybody who is thinking ahead about ways to make things easier on their loved ones: 1. You can...