For purposes of the Corporate Transparency Act (CTA) effective January 1, 2024, the Financial Crimes Enforcement Network has recently updated its Beneficial Ownership Information (BOI) Frequently Asked Questions.
The transfer of real property in Michigan can result in avoidable tax burdens if the owner doesn't structure their conveyance to avoid "uncapping" its taxable value.
Read an updated comprehensive summary of frequently asked questions under the new regulations implementing the CTA that become effective on January 1, 2024.
After the repeal of Michigan's right-to-work law, general contractors need to protect themselves against unanticipated costs that may impact projects in the coming year.
A recently issued final rule extended the deadline for the Corporate Transparency Act's initial reporting requirements for entities formed during calendar year 2024.
Avoiding probate is a critical part of estate planning. But what makes probate so horrible, and why is it so important to steer clear of the process?