Plymouth, Michigan And Naples, Florida Legal Blog
What to include in a noncompetition agreement
Many manufacturing or automotive companies may realize they need a noncompetition agreement to protect their business. A previous blog covered the basics of a noncompetition agreement. It is also important for people to understand what they should include in this...
What is a pet trust and why make one?
Estate planning is an important way to ensure that the needs of your family in Michigan are taken care of even after your death. But what about your beloved animal companions? There are a number of different ways to include a pet in your estate planning, each with...
How could my new business affect my estate plan?
The present is an exciting time for you. Opening a business takes you on a new adventure with additional income and something different going on every day. However, as a new business owner with so many things competing for your time, changing your estate plan may be...
How do I pick the right executor?
When Michigan residents start working on their estate plan, they must pick an executor. The executor is one of the most important components of your estate plan. They will be the one to follow through on your wishes after you pass. Because of that, it is important to...
What damages can I get for breach of fiduciary duty?
If you buy stocks or other securities, you probably put a lot of trust in someone who manages your investments for you. This person may sell and buy on your behalf with your money. This requires a legal duty on the part of the other person to properly manage your...
What is a living will?
There are many important decisions to make when planning out your estate. However, when most people think of “estate planning,” they tend to focus on what will happen with their assets after they are deceased. It is important to understand that some aspects of estate...
What is a probate?
Although you may not have thought much about estate planning before, understanding the definition of a probate is a necessary step to organizing your estate. Many people are not fully aware of what this process entails or the importance of it until it has already...
Pharmaceutical company settles shareholders’ lawsuit for $14.1M
Shareholders of a Michigan-based pharmaceutical firm filed a class-action lawsuit alleging that the company’s board of directors violated federal securities laws. The Securities Exchange Commission’s requirement for companies to issue press releases that contain...
The basics of churning and why it is illegal
When you entrust your investment decisions to a brokerage firm in Michigan, you should have faith that the firm will act in your best interests. When a broker recklessly infringes on that trust for personal enrichment, the broker may have violated securities law. Some...
Sole proprietorship and the risks involved
If you wish to start your own business, you have many potential business structures to choose from. The most basic of these is the sole proprietorship, which is typically owned and operated by one individual and remains unincorporated. There are potential benefits to...