Under Michigan law, property taxes are capped and may only increase as proscribed by law. This provides significant tax savings over a period of time.
There are two primary methods of buying an existing business. The buyer can purchase the business assets, or the buyer can purchase the stock of the existing corporation.
Effective December 31, 2014, Michigan property owners will be able to more readily transfer their real property without having the taxable value increase.
Schedule Your Consultation Today!