Mr. Beals focuses his practice on corporate organization, corporate and business planning and transactions, real estate, and trust and estate planning.
He provides counsel for entrepreneurs and established enterprises as well as startup ventures. Mr. Beals works extensively on corporate and business formation and organization matters involving capital structure, corporate governance, buy-sell and exit transactions, estate plan, and trust and succession, and asset protection strategies. Throughout his career, he has been retained to develop creative solutions to complex corporate, business, tax, and commercial matters.
Mr. Beals' broad experience includes structuring, negotiating, and drafting corporate organization, trust, and succession plans. As the Trust and Estate Planning Practice Group Chair, he has a strong focus on planning wealth transfer, asset protection, and business succession strategies. His combination of legal and business management skills assists entrepreneurs in building the proper foundation to grow, protect and transfer wealth.
Mr. Beals also regularly represents entrepreneurs and business entities in the following matters: negotiation and documentation of equity and contract-based shareholder, partnership and joint venture transactions; structuring and documenting private placement offerings and transactions to secure equity and debt financing for privately-held entities; planning and negotiating executive compensation and equity arrangements in connection with business growth planning, acquisitions, and transactions; commercial real estate and lease transactions; partnership and buy-sell transactions for physicians and physician groups; planning and documentation of succession and corporate governance planning for family-owned and privately-held businesses; and dispute resolution and management of litigation processes and outcomes.
In 1991, Mr. Beals established Michael J. Beals, PC, and in 1999 he co-founded Beals Hubbard, PLC. He received his B.A. from Michigan State University in 1983 and his J.D., cum laude, from Detroit College of Law in 1986. Mr. Beals is licensed to practice in the State of Michigan. He is an adjunct professor for a Business Planning elective at Thomas M. Cooley Law School and was Chair of the Board of Directors of The First Tee Detroit, Inc., from 2006-2011.