In his recent email blast, Duane Reynolds of our office wrote about Michigan’s new “estate recovery” program, the purpose of which is to recover Medicaid benefits paid to individuals over the age of 55. Michigan’s program became effective Jul…
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Section 1031 of the Internal Revenue Code gives us a terrific tool for deferring capital gains tax. We can defer paying capital gains tax upon the sale of real estate and personal property held for business use or investment if we use the proceeds of…
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Despite the advent of limited liability companies in Michigan, S corporations remain one of the most popular forms of business entity. S corporations have several advantages, but perhaps their most attractive feature is pass-through taxation. S corpo…
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In Michigan, a limited liability company (“LLC”) is established by filing of Articles of Organization with the Bureau of Commercial Services. Included in those Articles of Organization is the proposed name of the new entity. The Bureau reviews al…
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