Feb. 4, 2010 - In response to the current economy, the 12-person law firm of Plachta, Murphy & Associates, P.C. (PMA) asked its business clients how it could help them through these tough times. Two primary concerns came to light: 1) help with collection of past-due account receivables and 2) establish an alternative pay arrangement, such as a flat fee.

Jan. 7, 2010 - If you own a business, chances are you also own life insurance. The most common reason for owning insurance is also the most obvious: death benefit protection. This can mean anything from providing income for your family, to protecting your business from creditors, or providing funds for the all important buy/sell agreement.

November 5, 2009 - Surprisingly, few business owners and entrepreneurs understand the importance of establishing Buy-Sell Agreements (BSAs). In general, people do not like to think of a future that does not include themselves, something especially true in the business world. However, this is an issue that prudent owners ought to address before personal tragedies occur.

July/August, 2009 - The estate tax lifetime exemption increased to $3.5 million per person as of Jan. 1, 2009. What does this mean for your estate plan?

May 21, 2009 - Everyone is hoping the stock market returns to its highs, but a realistic outlook of lowered expectations will best serve individuals..

May 7, 2009 - For most Michigan businesses, buying a custom piece of equipment, such as a stamping press, arc welder or conveyor system, is one of the most significant capital expenses they will make in any given year.

April 2, 2009 - Global economic challenges are having a profound impact on how companies are attempting to increase the cash flow for their existing operations. If a company is not in a financial crisis mode, it may be able to negotiate more favorable terms with its landlord, suppliers, lenders and vendors.

March/April 2009 - In the previous article, we began a discussion on the complicated issue of choosing a successor. This really breaks down to two decisions:  who will run the business and who will inherit the business?

January/February 2009 - The most fundamental and difficult succession planning decision a business owner must make is choosing a successor.

February 5, 2009 - It's not only individual identities that can be stolen -- businesses are vulnerable, too