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Oakland County Law Blog

Tips for protecting your business & financial assets in divorce

One pressing concern for professionals such as lawyers, dentists and doctors who have considerable assets is how to safeguard these assets and their business in a divorce. After all, it can be more than frustrating to think about the possibility of your ex ending up with the business you spent years building and cultivating.

The most important thing is this: Stay calm and avoid making emotional or rash decisions. It can be tempting to rush into something because that feels like you are taking action, not standing passively by. However, panicking can lead you to make costly mistakes. One of the best proactive moves is to contact a lawyer.

Could your divorce goal(s) end up hurting you?

Divorce is one of the most emotional times in a person's life. Some feel numb as they go through the process, simply signing whatever papers are placed in front of them. Others may have a little more awareness and be able to set a goal (or goals); for example, for the divorce to proceed as speedily as possible and for the children to witness as little fighting as possible.

Often, these goals are noble. However, they could end up hurting you and your loved ones in the long term. Here is an overview of some ways how.

4 tips for co-parenting on Halloween

Fall is officially here, which means Halloween is just around the corner. Whether you already have the spooky decorations out or you are waiting a few more weeks, it is never too early to start thinking about what you will do with your kids.

Being a divorced parent means you probably have some questions about how trick-or-treating will go this year. Below is a guide to successfully co-parenting on Halloween.

Thinking of Starting a Tech Enterprise in Detroit?: Now's The Time

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It's a Great Time to Start a Tech Business in Detroit

It's a great time to start a business in Detroit. Factors such as a climate of innovation, a vibrant support network for entrepreneurs, and access to capital make now as good a time as ever to pursue your dream of starting a business.

But it's an exceptionally good time to start a TECH company in Detroit.

Nothing has cemented this more than the announcement in February that Microsoft will move from the suburbs into downtown and the possibility that Amazon will built their new HQ2 in Detroit. Dan Gilbert said that Detroit was "at the intersection of muscle and brains" and would become a world capitol of technology within 10 to 15 years.

So, Why Detroit?

Detroit has 50 percent more venture-backed startups than it did only three years ago, according to a study from the Michigan Venture Capital Association (MVCA). As startups become more entwined in the city's culture, more entrepreneurs will be willing to take advantage of what Detroit has to offer.

According to Tech Crunch, those offerings include cheap office space due to downtown's large footprint and vacant space, and plentiful talent due to the city's proximity to prestigious universities and established corporations.

Ready to Take the Next Step

Creating a successful tech startup has a lot in common with starting any successful business: preparation is key. Once you have an idea, the space, and the capital, you need to make sure to dot your i's and cross your t's.

When it comes to the legal issues associated with starting and operating a business, what you don't know can and will hurt you. Partnering with a knowledgeable business lawyer is just as important as finding the right accountant.  Having both in place can go a long way to making sure your dream of joining the fabric of Detroit's tech scene isn't unraveled. 

Are LGBT employees in Michigan protected against discrimination?

Did you know that lesbian, gay, bisexual or transgender employees in Michigan do not have statewide protections against discrimination? Despite the legalization of gay marriage and the continuing acceptance of the LGBT community nationwide, Michigan still has a long way to go. Sexual orientation discrimination does not fall under sex discrimination according to the Elliott-Larsen Civil Rights Act. According to a report by The Detroit News, this means discrimination against LGBT employees is technically legal.

However, there are certain protections for LGBT employees in Michigan. Take a look at LGBT employment law and what advocates are doing to fight for statewide protections. 

Why LGBT families may have unique estate planning needs

Estate planning is necessary for many types of couples, if not most. For example, a couple with an adult child who is disabled probably wants to ensure the child is always taken care of. Someone entering into a second or third marriage might want to ensure children from the first marriage receive certain assets and so on.

However, estate planning can be even more important for many LGBT families. Here is a look at why some of their needs are different from those of heterosexual families:

Taking Stock of the Winners and Losers in Divorce

Divorce is often thought of in the context of a sporting event, military battle, or other type of power struggle. In that frame of reference there must be a winner and a loser. Time has shown that people will expend a tremendous amount of resources on legal representation in order to make sure that they're the winner and their spouse is one of the greatest divorce losers of all-time. 

Sadly this all misses an overlooked point about divorce: there are no winners in divorce. 

It's A Great Time To Start A Business In Detroit

Demonstrating that all things really do come back around if you give it enough time, the greater Detroit area's economy is on the upswing despite the continued shrinkage of our auto manufacturing sector. 

According to Inc.com, five good reasons to start a business in Detroit right now include: 

  1. Innovation is in the air
  2. Training and support abound
  3. A vibrant support network exists
  4. There's access to space, leadership, and capital
  5. Government support is plentiful

Your Employment Questions Answered

Huey Lewis and the News had a hit in 1982 with Working' for a Livin'. The chorus included the phrase "I'm taking what they're giving 'cause I'm workin' for a livin'."

It's a catchy tune, but the idea that you have to simply suck it up and take what you can get as an employee is not true. Employees have numerous rights and protections in the workplace that govern their employment status, compensation, and their wellbeing. 

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