Trust vs. Will: What’s Right for You in 2025
Confused about whether to set up a will or a trust? In 2025, estate planning strategies continue to evolve, especially for high-net-worth individuals and business owners. Discover the key differences between wills and trusts—and learn which is right for you.
FTC’s Recent Ruling Regarding Non-Compete Agreements: Safeguarding Business Interests and State Rights
FTC’s Recent Ruling Regarding Non-Compete Agreements: Safeguarding Business Interests and State Rights On April 23, 2024, the Federal Trade Commission (FTC) issued a landmark ruling on non-compete agreements, sparking intense debates about their validity and enforceability. While the FTC’s move may signal a shift in regulatory attitudes, it is The…
Navigating New FinCEN Reporting Obligations for Beneficial Ownership: Guidance from The Private Firm
Navigating New FinCEN Reporting Obligations for Beneficial Ownership: Guidance from The Private Firm At The Private Firm, we are dedicated to guiding and protecting your business through the complexities of legal compliance. As a comprehensive business law firm with decades of collective experience in navigating corporate filings and government requirements,…
Understanding the New IRS Ruling on Irrevocable Trusts: Preserve Your Stepped-Up in Basis with Expert Guidance from The Private Firm
Navigating the complexities of estate planning has become even more challenging with a new IRS ruling that affects irrevocable trusts. Published in March, the rule alters how the step-up in basis applies to assets held in these trusts. If you want to ensure your estate plan is in compliance with…
EVERY BUSINESS MUST HAVE A MICHIGAN RESIDENT AGENT AND REGISTERED ADDRESS
Why Foreign Businesses Must Have a Michigan-Based Resident Agent and Registered Address The Private Firm: Your Trusted Partner for Meeting Resident Agent and Registered Address Requirements in Michigan. Foreign businesses looking to transact business in the state of Michigan must adhere to specific legal requirements to ensure compliance with the…
TEN SIMPLE STEPS TO PREPARE FOR A RECESSION – A BUSINESS OWNER’S GUIDE
As the US economy heads for a likely recession in 2023, what should business owners do to prepare? Here are 10 simple steps to consider as we head in to a climate where: interest rates will likely continue to rise, competition will increase, lending will become increasingly…