“I solve clients’ problems.”

-Attorney Richard Schloss

Being a former accountant and IRS Field Agent, I bring to the practice of law the understanding of how finances and taxes affect clients and their day to day decisions.  Also, my practice focuses on small to mid-tier family businesses and practices for whom I act as their general counsel and bring a wealth of knowledge in many areas because of my years of practice.  This includes tax planning, general corporate advice, contract review and negotiation, formation of businesses and agreements among business owners, representation in the purchase and sale of businesses, estate planning for all clients both high net worth and not so high net worth, including individuals, couples and business owners, and representation of taxpayers before all taxing authorities.  I am always on call for a client and respond quickly realizing their matter is the most important to them.

My knowledge in many business and tax law areas benefits clients because I know how one issue affects another area of the client’s business or personal life that I have not been asked to address.

I am aggressive in my representation of a client yet realizing I have to get to the goal line taking into the account the cost to the client versus the benefit received

Practice Areas

Corporation law
Mergers and acquisitions
Federal income
Estate and gift taxation law
Estate planning
Probate
Estate and trust administration
Real estate
Representation before the Internal Revenue Service and State Taxing Authorities

Honors & Awards

AV Rating by Martindale-Hubbell, which is the highest rating for attorneys
Named a Five Star Wealth Manager as an estate and financial planning attorney by Hour Detroit Magazine
The Best of Michigan Business 2018 Winner in the Trusted Advisor Category

Education

University of Michigan, B.A.

Detroit College of Law, J.D.

Bar Admissions

State Bar of Michigan

Examples of Excellence

  • Prosecuted and settled widow’s dispute over her husband’s one hundred million dollar estate against her step-sons
  • Resolved longest running estate dispute in Oakland County, Michigan’s history to advantage of client
  • Counseled and prepared comprehensive estate plans for a myriad of high net worth individuals and business owners including devising succession plans for the business owners
  • Represented owner of largest mortgage forms business in the Country in the negotiation and sale to a public company
  • Represented sellers of large physical rehabilitation business to a public company
  • Represented numerous buyers and sellers of local businesses with private and public parties, including wholesale bakery supplier, printing and packaging companies, advertising specialties company, automotive supplier, technology company, plating company, jeweler, restaurants, pharmacy (both wholesale and retail), automotive collision shop, automotive wheel and tire company, mortgage company, on-line real estate company and industrial gas company
  • Represented seller in potential sale of national drug store chain
  • Represented and counseled physicians and other medical professionals in admitting employees and shareholders and in the acquisitions and sales of their practices with private parties and hospitals
  • Represented buyers and sellers of real estate and developers of apartments, shopping centers and residential subdivisions throughout Michigan and the Country
  • Utilizing experience as an Internal Revenue Agent, successfully represented countless taxpayers in disputes with the Internal Revenue Service and State of Michigan over tax issues and collection of outstanding tax liabilities including resolving $8 million gift tax assessment in favor of the client. I give the attention the companies who advertise don’t

Testimonials

I feel Rick has represented me as if I were his best friend. He’s straight forward… no nonsense and gets the job done! He knows the law, is patient and is a smart, smart guy. Plus, he’s a good listener, which I am grateful for. An attorney that listens and cares? Where can you find that anymore in today’s world?

Awards and Accolades