As the clock ticks towards January 1, 2025, many business owners in the United States are scrambling to understand and comply with the Corporate Transparency Act (CTA). This new legislation aims to increase transparency in business ownership and combat financial...
Homeowners Associations (HOAs) help manage and take care of residential communities. They are legal entities that play a big part in ensuring everything runs smoothly. To do this, HOAs need good corporate governance. This means having clear rules and practices that...
The Federal Fair Housing Act (FHA) protects against housing discrimination. This law applies to many housing providers, ensuring fair treatment for all tenants. Yet, sometimes, tenants make requests that seem to conflict with each other. Here is a guide to help you...
In the business world, change is inevitable. Companies face changes like retirements, unexpected exits, or shifts in strategy, and they must be ready for new leaders to step in. Succession planning helps businesses stay strong by making sure they keep running smoothly...
Purchasing commercial real estate can be a lucrative investment. However, you may be at risk of legal issues if that property is polluted. You might also face challenges if previous owners did not follow the law. Before you purchase property, environmental due...
As the end of your commercial lease in Michigan approaches, it's time to sharpen your negotiation skills. Successfully navigating a lease renewal can secure your business's location while potentially improving lease terms. How can you confidently approach your...
Housing co-ops are a way to make homeownership accessible to a broader segment of the population. Co-ops offer shared spaces and amenities and a feeling of community for residents while imposing specific standards for those living in the community. A co-op can be a...
Homeowners Association (HOA) management involves numerous responsibilities, and one crucial aspect often overlooked is conducting a reserve study. Reserve studies are so important that they are mandated in select states. While there isn’t a statutory requirement to...
A housing cooperative or “co-op” is a residential alternative that operates like a nonprofit corporation. Residents are also members jointly owning shares that allow them to live in their homes. As shareholders, they have a say on how to run things around the...
As a co-op, your building must comply with a patchwork of federal and state anti-discrimination laws protecting people with disabilities. This includes the Americans with Disabilities Act and Fair Housing Amendments Act (FHAA), the latter of which requires cooperative...