Blog Posts in July, 2012

There is often discussion among business attorneys as to which entity provides the best protection against creditors, the corporation or the limited liability company (LLC). When there is one owner of ...

A concept under federal tax laws that seems to baffle a lot of people is Cancellation of Debt income (“COD Income”). What is COD Income? Under IRC §61(a)(12), when you have debt cancelled by a ...

A very effective tool in reducing federal Estate Taxes is lifetime gifting. Because large lifetime gifts are added back to a decedent’s taxable estate (generally, all gifts greater than $13,000 in any ...

The S Corporation is said to be the most common entity type in the United States. But there is a lot of confusion about what an S Corporation really is, including the notion (perpetrated by the ...

The National Labor Relations Board (NLRB) has recently been attacking employee handbooks and other written employer policies and documents which contain an acknowledgement that non-union employees are ...

Land contracts have seen a resurgence in Michigan. In recent years the ability for buyers to obtain financing has become a serious problem for those wanting to sell their real estate holdings and ...