We have handled numerous real estate closings, and we would be delighted to assist you with your purchase or sale of real estate.
The purchase and sale of real estate will likely be the biggest “deal” you will ever be involved in. Therefore, it is critical that you review the contract and ensure that all provisions and contingencies are in your best interest;
- Inform you of your legal rights and obligations;
- Obtain a title search, evaluate the status of the title and require appropriate legal remedies to clear any defects;
- Advise you on what the title policy does not protect against, emphasizing marketability of the title when you sell the property;
- Prepare or review the closing statement and other closing documents, and let you know about seller contingencies that affect your interests;
- Interpret and counsel you about all legal documents related to the title and transaction, including deeds, mortgages, and closing statements;
- Advise you on how you should take the title to the real estate, and how this affects your overall business and personal estate;
- Check for unrecorded municipal liens, including sewer and special assessment liens;
- Prepare a bill of sale to cover any personal property such as curtains and appliances that you and the seller agree shall remain in the home; and
- Inform you about the income, estate, and gift tax consequences to your estate.
It is very likely that buying and/or selling a house is the most significant financial transaction you will engage in.
Protect Your Family Assets Through a Limited Liability Business
“Business entity formation” refers to the process of setting up a corporation, limited liability company, general partnership, or limited liability partnership. Business entity formation also involves converting a sole proprietorship business into a business entity that provides liability protection and tax benefits.
By using a Metro-Detroit Attorney, you will receive valuable advice on how to properly administer the business entity once it is set-up. Choosing the right form of business entity, and then properly administering the entity once formed, are critical. When business entities are not properly administered, the business owner runs the risk of not achieving the tax and asset protection benefits of certain business entities.
There are several differences between the various available business entities. Some of those differences are:
- how the entity is taxed;
- how the entity is administered after set-up;
- fees charged by the State; and
- the level of asset protection you achieve.
In addition to helping you with the formation of your business, we will also assist you with: business sales and purchases; establishing an employee manual and employee contracts; marketing your business; commercial lease creation; commercial lease review; commercial lease negotiation; buy-sell agreements between business partners; ownership succession plans; and obtaining favorable small business loans.