September 2017

Found 8 blog entries for September 2017.

In a hurry to sell your Northern Michigan property? Most families know that conducting a few renovations is optimal for selling a home quickly and for the above market expectations. But knowing which changes to make is where many of us feel at a loss. To save you time and money, we’ve put together a checklist of the house renovations that you should prioritize. These are the most consistent and easiest to implement tasks that can significantly drive up the allure of most properties.

Your real estate agent will be responsible for marketing your home, but you can also take a few steps to make your home one of the most desirable in the Northern Michigan real estate market. That means once you’ve chosen an agent you can trust, it’s time to

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It’s easy to forget that the technology we use every day once only existed in the imaginations of quirky sci-fi writers. Now, these innovations appear in our everyday lives and continue to change the way our communities, cities, and jobs appear and function.

With so many inventions changing the way we live, shop, work, and play, it isn’t a surprise to learn that our homes are also evolving to keep up with these emerging technologies. When houses are outfitted with some of the latest and greatest innovations, we call these houses “smart homes.”

Smart technology – whether in your phone, car or home – is about automation. Home automation alleviates household upkeep to give you and your family more safety, control, and time to do what you

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One of the best uses of a limited liability company (LLC) is a vehicle for families to pool their money together to invest alongside one another. The benefits of a family pooling their money through a limited liability company come mostly from the power of an LLC operating agreement. The family LLC can invest in everything from stocks, bonds, and real estate to mutual funds and start-up businesses. 

LLC Operating Agreement 
An LLC operating agreement can be written with all kinds of provisions. For example, the operating agreement could forbid individual family members from selling their shares of the limited liability company without the permission of all other members. It not only forces them to remain invested in the LLC but allows

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When forming a limited liability company for the purpose of starting a small business or pooling investment assets, the three most popular choices are to incorporate the LLC in your home state, form a Nevada LLC, or form a Delaware LLC. This brief overview will explain the reasons the third option, a Delaware LLC, might be a great choice to hold a family operating company, real estate portfolio, or securities such as stocks and bonds.

The Benefits of a Delaware LLC 

There are several benefits to forming a Delaware LLC for a family business, investment pool, or other assets. You don’t have to do business in Delaware to form a Delaware LLC because the state permits so-called foreign investors—meaning someone from out-of-state. A

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All limited liability companies (LLCs), are typically governed by a contract that the investors sign amongst themselves. This contract is known as an LLC operating agreement. The agreement has fairly standard terms, and you can easily find a template by searching for one online.

When to Use an LLC Operating Agreement 

You would use the LLC operating agreement when starting a new LLC to define its operations. If you already have an LLC set up, an operating agreement allows you to outline information about its operations.

In practice and theory, an LLC operating agreement is essentially the same as the limited partnership agreement that governs the actions of the limited partners. When drawing up your…
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In recent years, limited liability companies, or LLCs as they are frequently known, have become one of the most popular ways for investors to structure their holdings, beating out the formerly more popular limited partnership. From families pooling their money together to Fortune 500 corporations that have subsidiaries, you may have directly or indirectly invested in an LLC without knowing it. This overview was designed to help you understand what LLCs are, why investors use them, and some of the factors you may want to take into consideration before you form an LLC or invest in one.

The Potential Benefits to Using a Limited Liability Company 

A limited liability company is a special legal structure that combines

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It was a very busy and exciting time for Brook Walsh, NorthernMichiganEscapes.com founder, and Associate Broker for BrookWalsh.com. Brook toured a wonderful family around Boyne City and East Jordan as they looked for Lake Charlevoix waterfront property. The clients were somewhat hesitant to take on a second home as they led quite busy lives and wouldn't be using for the next few years. Brook explained the lifecycle of ownership based services Northern Michigan Escapes provides for their clients and that gave them the peace of mind to make such a considerable investment. How did it turn out after a little more than a year, read their heartwarming client testimonial?

ABOUT 1 WATER ST UNIT 9 IN RESORT COTTAGES ON LAKE CHARLEVOIX

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Many investors have never owned a stock or bond. Instead, they have most of their net worth tied up in a family business or startup.  In the past twenty years, Limited Liability Companies, or LLCs, have become one of the most popular ways to hold ownership stakes in these types of businesses.

There are unique benefits and protections afforded to the LLCs owners make it easy to understand why they are so highly favored.  It is essential for you, as a new investor, to understand how they work, why you should care about LLCs and some of the tax implications.

This collection of LLC articles, including Limited Liability Limited Partnerships which are a relatively new legal entity that combines aspects of a limited partnership

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