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How to Prepare for a Custody Hearing?
Custody battles can be emotionally challenging and legally intricate experiences for all parties involved. The outcome of a custody hearing can have a profound impact on the lives of parents and their children. To help you navigate this complex process, Reeder Murphy...
Why is Business Succession Planning So Important for Family Businesses?
Running a family business can be both rewarding and challenging. Family businesses often have a unique dynamic that involves a deep sense of heritage and legacy. However, without proper planning, the transition from one generation to the next can be fraught with...
7 Steps to Buying an Existing Business
Entering the world of entrepreneurship can be an exciting endeavor, and buying an existing business offers a unique opportunity to start with an advantage. By acquiring an established business, there are many benefits you can enjoy right from the moment of purchase....
Why Should You Hire a Tax Pro?
When the tax season approaches, many people are often torn between filing their own taxes or seeking the help of a tax professional. In some instances, preparing your own tax returns makes sense. For example, if you only have one W-2 and no deductions, your tax...
Tips for Drafting a New Business Contract
Contracts are essential to the operation of your business. They provide a legally binding framework for vendors, customers, and clients as you seek to build revenue. Business contracts also define your relationships with other entities or individuals when you buy...
Estate and Gift Tax Changes
What are the Estate and Gift Tax Changes in 2023? Estate and gift taxes are imposed on property transfers made during a person's lifetime and at death. Such levies are collected by the federal government and many individual states, although Michigan does not, and the...
What to Know About Michigan Planning Law
When the term "estate planning" comes up, the first thing that comes to mind is a Last Will and Testament. It is the most commonly known document in estate planning. However, estate planning extends beyond just having a Will in place. Your real estate holdings,...
I have unpaid taxes — Should I Still File This Year?
Filing your taxes and paying them on time is vital. However, people’s life situations sometimes change suddenly, or a one-time event disrupts their entire financial plans for the year. And if any of those result in unpaid taxes, you may be wondering if you should file...
Reopening Your Business
As of this writing, all of Michigan is subject to Governor Whitmer’s latest stay-home order, which is set to expire on May 28, 2020. The latest order has given some businesses the go-ahead to resume operations, while others eagerly await their turn. Here are some...