Announcing our new partnership with Prosperity Partnersโ€”find out how this exciting collaboration benefits you!

Cannabis Startup & Entity Formation Consulting in Michigan

Cendrowski Corporate Advisors can help cannabis businesses with entity selection and company formation, critical decisions from both legal and tax planning perspectives.

In just one example of how important those decisions are, each license is exclusive to the licensee in Michigan, and conveyance of interest of more than 1% is prohibited without prior board approval. It is essential to determine the license ownership upfront, as changes down the road require additional regulatory scrutiny.

The Medical Marijuana Facility Licensing Act (MMFLA) and the Michigan Department of Licensing and Regulatory Affairs (LARA) require licensees to develop and maintain accounting and inventory control systems specific to the stateโ€™s regulations. Depending on the type and size of the business, these might be reasonably simple, or they could be more complex.

Accounting Procedures and Systems for Cannabis Sales

For startup entities, Cendrowski Corporate Advisors can provide the basic building blocks to set up and organize the business, including monthly checklists, accounting procedures, and templates for an accounting system. We can access critical information to inform decisions related to the initial application, accounting, and tax return preparation in the future, including 280E considerations.

Cannabis Product Inventory Control Procedures

For cannabis businesses, the state of Michigan requires a third-party inventory control system that can interface with the statewide monitoring system. Cendrowski Corporate Advisors can help develop these procedures to ensure inventory data is accurately captured for compliant reporting to the state.

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GGI European Regional Conference โ€“ Marbella, Spain

Event Date: May 9, 2025 Harry Cendrowski,ย Global Chairperson of the GGI Trust & Estate Planning (TEP) Practice Group and Partner at Prosperity Partners, delivered valuable insights during the TEP Practice Group meeting at this yearโ€™s GGI European Regional Conference in Marbella, Spain. Held at the METT Hotel & Beach Resort on May 9, the session […]

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A man in a suit smiles beside text promoting a Prosperity Partners webinar on Section 751(A), Form 8308, and partnership sales, featuring speaker John T. Alfonsi.

Section 751(a) & Updated Form 8308: Sales of Partnership Interests & Character of Gain

Event Date: April 30, 2025 This 110-minute CPE webinar provided a deep dive into the complexities of Section 751(a) transactions and the recently revised IRS Form 8308. John T. Alfonsi, Managing Director at Cendrowski Corporate Advisors, joined a panel of partnership tax experts to explain the filing requirements, reporting obligations, and tax character implications of […]

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Investment Risk Management Common Pitfalls to Avoid

Success in family office investing isn’t about knowing everything – it’s about knowing what you don’t know. Watch to learn why expert guidance and strategic portfolio diversification are crucial for protecting and growing family wealth. #LIVideo #familyoffice #advisor

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Opportunities donโ€™t happen, you create them. The same is true for well-informed business decisions.

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