10 Key Commercial Lease Clauses That Deserve Your Attention

In the wake of the COVID-19 pandemic, commercial leases are being scrutinized by landlords and tenants for flexibility and negotiation opportunities. If there is any uncertainty, review by a professional contract attorney is highly recommended.  Whether you are reviewing a…

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Checklist for Selling Your Business to Private Equity

Private equity groups have specific goals they are seeking to meet, and these goals should be taken into account by sellers when considering whether or not to proceed with a sale. Checklists are helpful in ensuring all relevant issues in…

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Is Chapter 11 Reorganization Appropriate for Your Business?

In these unprecedented times, many owners are frequently forced to make difficult decisions regarding the viability of their business.  A Chapter 11 bankruptcy reorganization may allow for the preservation of the existing business, but first each business owner must assess…

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At What Age Do I Need an Estate Plan?

If you don’t have an estate plan yet, you’re not alone.  It is not uncommon for Americans to die without having an estate plan in place, often leaving behind a mess to be sorted out by family, friends, and the…

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High-Income Non-Filers Have Been Identified By IRS

$441 billion was the identified tax gap (the difference between the amount of taxes that should be paid and the amount voluntarily paid on time) in a recent audit of the IRS by Treasury Inspector General for Tax Administration (TIGTA). …

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Loan Forbearance under the CARES Act

In March 2020, the Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act) was enacted into law to provide certain relief measures for certain borrowers (including business owners and individuals) as a result of the COVID-19…

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Implications of COVID-19 on Commercial Leases in Michigan

The COVID-19 pandemic and resulting government prohibitions on individuals and businesses in Michigan have placed unprecedented pressure on commercial landlords to offer flexibility to struggling tenants. While commercial evictions were not expressly prohibited in the state of Michigan, many landlords,…

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Estate Planning in the Time of COVID-19

The Strobl Sharp law office is open and is committed to providing a safe environment for our clients and employees. We are staying abreast of COVID-19-related executive orders and legislation at the federal, state and local levels and their effect…

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