Sheehan & Associates, P.L.C.

January 2019 Archives

Choose the best business structure for your situation

One of the primary decisions you have to make when you are starting a business is what type of business structure you will use. This is determined largely by whether you have any co-owners and whether you are planning on hiring employees. There is also the matter of what type of protection you might need for your personal assets. We are here to help you review the possible structures so you can choose the one that meets your needs.

Differences exist between bankruptcy chapters

If there ever comes a point in which you realize that you are drowning in debt, you have to figure out what you are going to do about it. You have a few options here. You can ignore the fact that you owe money and continue on with your life, but this might come with suffocating collection attempts by the creditors. You can struggle to make the minimum payments and seemingly never make it out of the deep hole of debt. You can file for bankruptcy and walk away at the end with a fresh financial start.

Property division matters require carefully planning

When you are trying to divide assets during a divorce, you might come across some significant challenges. These will likely stem around the valuation of assets like retirement and investment portfolios. It is imperative that you have them valuated so that you can use the appropriate information during the division process. We know that this might seem like a big undertaking, but it is one that must be done, or you might make errors during the property division process.

Beware of behavior issues in children during divorce

A parent's divorce is a big adjustment for children. Going through a divorce can sometimes lead to kids acting out in uncommon ways. Trying to figure out what is going on and helping kids through their issues can be challenging for parents, but the kids need parental love and support now more than ever.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
Phone: 248-218-1473
Fax: 248-650-5368
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