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Our Legal Briefs
Is a Family LLC Still the Best Place to Keep the Family Cottage?
Posted: July 20th, 2011
Author: Andrew L. Rassi
Categories: Estate Planning, Real Estate, Lake Michigan Property
The creation of Family LLCs (or Family Cottage LLCs) for owning and administering a lake cottage has been a successful planning technique used by families to ensure a smooth administration and transition of ownership of the family cottage.
Changes in Law Present Planning Opportunities
Posted: July 20th, 2011
Author: Andrew L. Rassi
Categories: Real Estate, Lake Michigan Property, Business & Corporate
It is often the case that a change in the law (either through a Court ruling or a modification by the legislature) can present planning opportunities for those in the right circumstances. This Spring, there were two such changes in Michigan that may provide some planning opportunities for individuals and businesses that find themselves in the unique situation to take advantage of them.
Business Succession Planning: The Bus Question
Posted: March 31st, 2011
Author: Andrew L. Rassi
Categories: Business Succession
One of the ways that we open discussions regarding business planning with clients is to ask various "What if" questions to provoke deeper thinking in certain areas. In the realm of estate and business succession planning, the classic "What if" question is, "What if you were hit by a bus tomorrow? What would happen to your business?"
So you want to franchise your business?
Posted: February 7th, 2011
Author: Andrew L. Rassi
Categories: Franchising
Some business owners who develop a new concept, unique brand or cool idea believe that the road to riches and glory follows the path of franchising. And that might well be the case. However, the path to franchising is often difficult.