Blog
Caring.com Study Finds 1 in 4 U.S. Adults Recognize Greater Need for Estate Planning Due to Inflation.
2023 Wills & Estate Planning Study highlights the impact of inflation on the views of Americans regarding estate planning.
Michigan Senate Votes to Repeal 2012 Right-to-Work Law
Recently, the Michigan Senate approved legislation to repeal the state’s “right-to-work” law, which has been in place since 2012.
Watch: The Oakland County Megacast featuring attorney Susan Strunk of Monaghan, P.C.
If you have ever been interested in starting your own business, you may have come across the terms “limited liability company” or “LLC,” but you might not be fully aware what this actually means. A limited liability company (LLC) is a business entity that protects its owners (or, members) from being personally liable for the debts of the company. While this alone is not unique to an LLC (as several other entity types also offer levels of protection for the members) the LLC is unique because it combines various characteristics of other entity types, which together make it one of today’s most preferred legal structures for companies.
Durable Powers of Attorney – Essential for Everyone
If you have ever been interested in starting your own business, you may have come across the terms “limited liability company” or “LLC,” but you might not be fully aware what this actually means. A limited liability company (LLC) is a business entity that protects its owners (or, members) from being personally liable for the debts of the company. While this alone is not unique to an LLC (as several other entity types also offer levels of protection for the members) the LLC is unique because it combines various characteristics of other entity types, which together make it one of today’s most preferred legal structures for companies.
Understanding the Benefits of an LLC
If you have ever been interested in starting your own business, you may have come across the terms “limited liability company” or “LLC,” but you might not be fully aware what this actually means. A limited liability company (LLC) is a business entity that protects its owners (or, members) from being personally liable for the debts of the company. While this alone is not unique to an LLC (as several other entity types also offer levels of protection for the members) the LLC is unique because it combines various characteristics of other entity types, which together make it one of today’s most preferred legal structures for companies.
Lady Bird Deed – Michigan Estate Planning Toolkit
Michigan is one of only a small number of states that recognize the use of a Lady Bird Deed (also known as an Enhanced Life Estate Deed) as a method of transferring real property title upon the death of the property owner and avoid the complexities of the probate process. While not a substitute for a complete estate plan, a Lady Bird Deed may be a tool worth considering depending on your specific situation.
