Detroit businesses face the same legal and tax decisions as any other company, plus a city income tax that most Michigan cities do not have. Justin Esshaki, a Michigan attorney and CPA in Southfield, works with Detroit owners on formation, contracts, tax planning, and buying or selling a business.
From new restaurants and retail shops to real estate, construction and service companies, Detroit has a growing base of privately owned businesses. Those owners benefit from an advisor who sees both the legal documents and the tax result.
Detroit levies its own income tax on businesses and on many individuals. We consider city tax alongside federal and Michigan tax when structuring your business and planning ahead.
Many Detroit owners hold property in one entity and run the business in another. We set up the structure and the agreements between them so the arrangement works legally and for taxes.
The Southfield office is a short drive from Detroit, and many meetings can be held by phone or video.
Choosing between an LLC, S corporation or C corporation, filing articles with the State of Michigan and setting up ownership with taxes in mind.
LLC operating agreements, corporate bylaws and buy-sell agreements that spell out ownership, decisions and what happens when an owner leaves.
Customer, vendor and employment agreements, commercial leases and letters of intent, reviewed before you sign.
S corporation elections, owner compensation, retirement plans and year-end strategies, planned before the year closes.
Business and individual returns prepared through Esshaki & Associates, PLLC, Justin Esshaki’s CPA firm.
Preparing for a sale, comparing offers on an after-tax basis, negotiating the purchase agreement and closing.
Letters of intent, due diligence, deal structure and purchase or merger agreements for buyers and sellers.
Deadlocks, buyouts, books and records requests and minority owner claims, with the agreements and financials reviewed together.
The legal documents and the tax result come from the same person, so nothing is lost between a lawyer and an accountant.
Advice is grounded in your financial statements and returns, not general rules of thumb.
The same Attorney and CPA stays with the business from formation through growth and an eventual sale.
We learn about your business, your goals and the decision in front of you.
We review your documents, structure and financials.
You receive clear options with the legal and tax effect of each explained.
We prepare the filings, agreements and elections and stay available as the business changes.
Yes. Many clients are based in Detroit. Meetings can be held at the Southfield office, by phone or by video.
It can. Detroit imposes a city income tax on businesses and many individuals, and it is considered alongside federal and Michigan tax in planning and in the choice of business structure.
Yes. We form the entity, prepare the operating agreement and set up the arrangement between the property company and the operating business.
Many business decisions need both legal and tax analysis. Justin Esshaki is licensed as an attorney and as a CPA, so the documents and the tax result are worked out together.
Returns are prepared through Esshaki & Associates, PLLC, Justin Esshaki’s CPA firm in the same Southfield office building.
Call (248) 968-4700 or send a message through the form on this page, and we will follow up to schedule a time.
Tell us briefly about your business and what you need. We will follow up to schedule a time, in person in Southfield or by phone or video.