Aidenbaum Schloff and Bloom PLLC

The Aidenbaum Admirals, captained by attorney Guido Aidenbaum, won Labatt’s Hockey Detroit Lawyers League. They defeated the Clark Hill Team in a best of three games championship series, winning the first game 8-2 and the second game 2-1. Overall, the team had a record of 17 wins, 7 loses and 1 tie for the season. As quoted in the Oakland County Legal News, Guido Aidenbaum commented on the championship and the season: “We have a great bunch of guys on the team. We’re friends on and off the ice. We benefited from a rare combination of high skill level and complete unselfishness, which made the season especially fun and rewarding. We’re proud of what we were able to accomplish and we look forward to defending the cup next season.”

The Aidenbaum Team’s high level of skill, unselfishness and winning attitude translates into their everyday work. The attorneys at Aidenbaum Schloff and Bloom PLLC are always interested in tackling new challenges and developing creative strategies to accomplish their clients’ goals. You can read more about the Aidenbaum Admirals’ championship season in the Oakland County Legal News Article Bringing home the cup – Team Aidenbaum reigns victorious in Lawyers League.

The healthcare legislation recently passed by Congress and signed into law by President Obama contains a tax credit for small businesses. The small business healthcare tax credit is meant to help cover the cost of healthcare for small business workers. For qualifying businesses, the healthcare tax credit covers up to 35% of a small business’ healthcare premiums immediately and up to 50% beginning in 2014. Small businesses that qualify for the new healthcare tax credit are those that have less than 25 full-time equivalent workers, pay their employees less than $50,000 per year on average and off set at least 50% of the cost of healthcare coverage for their employees. Notably, non-profit small businesses are eligible for the tax credit as well. The Aidenbaum team understands the needs of small businesses and has experience advising small businesses on all matters, including tax credits.

If you would like to learn more about the healthcare tax credit for small business, please read the Small Business Administration’s fact sheet or contact the attorneys at Aidenbaum Schloff and Bloom PLLC.

President Obama recently released a fact sheet on his new Export Control Reform Initiative. After conducting a review of the entire U.S. export control system, the Administration has determined the export control system would benefit from a comprehensive overhaul. In particular, President Obama has suggested a new export control system that consists of a single control list, a single primary enforcement coordination agency, a single information technology system and a single licensing agency. According to President Obama’s fact sheet, the Administration will “engage with Congress to consult and seek its input on the proposed reforms.” Nonetheless, the reforms are to be implemented in three phrases, with the first phase involving measures that can be implemented without legislation. The Aidenbaum team has experience guiding clients through the complexities associated with export control compliance and can help prepare your business for the upcoming reforms.

To learn more about the proposed reforms, please read the President’s fact sheet or contact the Aidenbaum team.

The current state of the economy has led, and sometimes forced, landlords and tenants to think creatively about commercial leasing. One new concept in commercial leasing is the tenant incubator program. These programs, which are aimed at entrepreneurs, small businesses and start-up companies, help landlords limit their risk exposure and allow tenants to take advantage of short-term, affordable leases. The attorneys at Aidenbaum Schloff and Bloom PLLC have experience advising entrepreneurs and small businesses on creative retail leasing strategies, such as tenant incubator programs.

To learn more about tenant incubator programs, you can read Retail Traffic’s article or contact us.

In this economy, and in better times, to maximize your dollar, you want the benefits of expertise without the traditional expense levels of legal services. Aidenbaum Schloff and Bloom PLLC solves that dilemma by offering the experience of large firm attorneys at reasonable and predictable rates. Please contact us for further information on how we can work with you to attain your goals while remaining within your budget.

The Aidenbaum team offers a wide range of real estate legal services as well as practical business advice, with flexible fee arrangements that are highly cost competitive and cost effective.

These services include:

• Acquisitions, sales and other dispositions
• Financing and refinancing
• HUD and MSHDA insured loans
• Real estate syndication services (including offering memoranda and related subscription documents)
• Commercial (retail, office and industrial) leasing
• Zoning, land use and other regulatory matters
• Condominium documentation
• Property disputes
• Residential home sales, purchases and leases
• Mortgage debt workouts

On the surface leasing commercial real estate would appear to be a fairly straightforward and uncomplicated business transaction.  The owner of a building simply agrees to let a tenant occupy the property in exchange for a certain amount of rent.

Unfortunately, as our society has become ever more complicated, landlords and tenants have found that many situations can arise, during the course of a lease, where a simple agreement to pay rent does not satisfactorily protect the interests of the parties.  The Attorneys at Aidenbaum Schloff and Bloom PLLC are experts in managing commercial leasing agreements.

Export control can be a complicated compliance area. Aidenbaum Schloff and Bloom  is available to meet with individuals or groups to explain the regulations as they may be applicable to the work being done, and to provide high quality cost effective assistance.

Since every real estate deal is different, you will need to get advice from Aidenbaum Schloff and Bloom PPLC on how best to protect your interests in the contract. Typically, however, your contract should address at least the following issues:

(1) An exact description of the property you are buying, including the land surrounding the building.

(2) The purchase price and whether it is all due at closing or in installments.

(3) A list of any equipment or personal property that is included in your purchase.

(4) Any contingencies that must be met before you are obligated to complete the purchase, for example, you can make the deal contingent on your ability to get a mortgage loan.

(5) How property taxes and utility bill will be pro-rated (allocated) between you and the seller.

(6) The type of title evidence or title insurance the seller must provide.

(7) The date for closing and delivery of possession.

(8) What legal recourse a party has if the other party defaults. 

Contact Aidenbaum Schloff and Bloom PLLC for advice on specific provisions to meet your needs today.