Adam Keilen What should I be doing if I already have one? Limited liability companies (LLC’s) offer LLC owners personal protection from business debts, lawsuits, and other liabilities, just like…
Adam Keilen Startling Facts. Family run businesses make up a significant portion of the US Economy. Yet, merely 12% of family run businesses survive into the third generation. Thus, 88%…
Adam Keilen How are damages calculated for contract disputes? Expectation Damages. Generally, if your lawsuit involves a contract, the contract damages (also called “expectation damages”) are calculated so as to…
Adam Keilen What is Copyright protection? Does my Business/Company have any rights? Copyright protection grants certain rights to authors of “original works of authorship.” The protected work includes literary, dramatic,…
Adam Keilen Contract Law. The most basic principle in contract law is simple, “a contract is a promise, and promises ought to be kept.” Contract Interpretation. Contract interpretation often controls…
Adam Keilen Decanting is the discretionary exercise of a fiduciary power to appoint assets in trust, meaning, under IRC 2652, to “effect an arrangement that although not a trust, has…
Adam Keilen When it comes to contracts, under Michigan common law, what constitutes acceptance of an offer? Under M Civ JI § 142.13, Acceptance, acceptance is a statement or conduct…
Adam Keilen Questions Surrounding Buy-Sell Agreements. What happens when one partner is ready to exit the business? What are they entitled to? What are the surrounding terms and conditions of…
The Michigan legislature passed a new law that impacts the way Michigan residential property taxes are assessed. Proposal A went into effect in January, 1995, and limited the amount a…