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Richard C. Buslepp

Member

T 313-961-0200 F 313-961-0388

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overview

Richard C. Buslepp, who is a Certified Public Accountant as well as an attorney, focuses his practice on business/corporate law, tax, opportunity zones and qualified opportunity funds, estate planning, and real estate.

Practice Areas

Automotive

Business and Corporate Law

Estate and Trust Planning and Administration

International Business

Mergers and Acquisitions

Private Equity

Real Estate

Taxation

US-Asia Business

Bio

Rich is co-chairperson of the firm’s Business and Corporate Law practice group. He has more than 30 years of experience serving as business counsel to clients in a wide range of industries, including manufacturing, health care, architectural and engineering, technology, construction, service and transportation. Rich specializes in structuring, negotiating, and consummating complex domestic and cross-border transactions such as stock and asset sale transactions, leveraged buyouts, mergers, recapitalizations, divestitures, take-privates, joint ventures, debt and equity finance transactions, management led buyouts, real estate transactions and restructure transactions for private equity, public, non profits, and family owned clients. He regularly counsels clients on a variety of other legal matters including corporate governance, business entity formation, the formation and qualification of tax-exempt organizations, tax planning, tax controversies, the preparation and review of contracts, and business planning and law issues. Experienced in advising US and foreign-based companies in establishing operations in both the US and abroad, Rich also leads the firm’s US-Asia practice.

Additionally, Rich has lectured and written on various business and tax law-related subjects, including the advantages and disadvantages of the various forms of business entities, the requirements for tax deferred like-kind exchanges, and corporate, estate and partnership tax matters.

credentials

Affiliations

  • Detroit Bar Association
  • State Bar of Michigan
    • Business Law Section
    • Tax Law Section
  • American Bar Association
    • Business Law Section
    • Tax Law Section
  • Michigan Association of Certified Public Accountants
  • American Institute of Certified Public Accountants

Bar and Court Admissions

  • Michigan

Education

  • Wayne State University Law School, J.D.
    • cum laude
  • Wayne State University Law School, LL.M.
    • cum laude

Insights & News

January 19, 2023

Indication of Interest vs. a Letter of Intent

Buyers and sellers in an M&A transaction will enter into numerous documents and agreements, such as Indications of Interest and Letters of Intent. Richard Buslepp recently outlined the difference between these two common merger documents for DBusiness.

March 10, 2021

Richard Buslepp discusses Golden Parachutes vs. Golden Handcuffs for Crain's Detroit Business

Each of these tactics are used to incentivize employees involved in a merger situation, but when should one be used over the other? 

March 17, 2020

Coronavirus/COVID-19 Business Continuity:  A Message to Our Community, Clients and Friends

Kerr Russell is committed to its community, clients and people. As the world navigates through the impact of COVID-19 (coronavirus), we want to assure you that Kerr Russell is committed to supporting our community, clients and people as effectively as we have through every other crisis our Nation has encountered over our firm’s nearly 150-year history. Our firm is fully operational: We have made sure that our lawyers and staff are able to safely and effectively serve our clients’ needs and continue operations on an uninterrupted basis. Most of our people

February 4, 2020

Kerr Russell Attorney Discusses Mergers & Acquisitions with Corp! Magazine

Attorney Richard C. Buslepp discusses trends in mergers & acquisitions over the past few years. He also discusses how M&A looks for 2020.  The full article, “Robust Mergers & Acquisitions Market Ahead,” in Corp! Magazine can be found HERE.

May 9, 2019

Kerr Russell Attorneys Advise Peterson in Sale to MiddleGround Capital

Kerr Russell is pleased to announce that it served as the exclusive legal adviser to Peterson American Corporation (PAC) in its sale to MiddleGround Capital (MiddleGround).

August 30, 2018

Kerr Russell team places first at Detroit Chinese Business Association golf outing

Kerr Russell was pleased to support the 23rd Annual Detroit Chinese Business Association (DCBA) International Golf Open on August 28. Our golfers - Jeffrey May, Ken Lombardo, Robert Anderson, and Rich Buslepp - placed first in the outing. DCBA chair Brian Gao and Kerr Russell member / DCBA Advisory Board Member James Cambridge presented the foursome their hard-earned trophies (14 under par!).

July 9, 2018

Kerr Russell - DBusiness Magazine's "Faces of Corporate Law 2018"

Kerr Russell is proud to serve as DBusiness Magazine's "Faces of Corporate Law" 2018. Partners pictured: Jackie Klima (construction/surety), Mike Carroll (construction/surety), Miroslava Orduno Rincon (immigration), and Rich Buslepp (corporate).

February 14, 2018

Kerr Russell lunch and learn with Sterling Insurance Group

Kerr Russell hosted a lunch and learn on February 14 with Brandon Horrocks (certified risk architect), Joan Giffels, and team from Sterling Insurance Group. They facilitated a robust dialogue about assessing and mitigating client risk as well as rep and warranty issues.

January 26, 2018

Download Kerr Russell's updated firm brochure and overview of services

Kerr Russell is proud of Detroit. We are proud to have had a seat at the table here since 1874. Our exceptional attorneys understand the unique challenges facing business leaders. Our legal solutions are prompt, accurate, economical, and focused around your needs in every area. We know Michigan business like the back of our hands.

December 18, 2017

Kerr Russell team makes holiday donations to Capuchin Soup Kitchen, Wigs 4 Kids, Ronald McDonald House Charities of Ann Arbor, and Children's Hospital of Michigan

One of our traditions here at Kerr Russell is to hold a holiday raffle to benefit three local charities as well as to conduct a toy drive for local children. This year's raffle (many of the beautiful and festive prizes picture here) raised a record total of $3,450 which will be divided equally among three organizations: Capuchin Soup Kitchen, Wigs 4 Kids of Michigan, Inc., and Ronald McDonald House Charities of Ann Arbor.

November 30, 2017

Merry and bright ... Kerr Russell welcomes the holiday season

It's a time to celebrate, reflect and remember. However you mark the holidays, we hope your days are filled with warmth and thankfulness, good times, and endless cheer. As another year draws to a close, we at Kerr Russell are grateful to you. You give purpose to our work and add meaning to our relationships. Your trust is a cherished gift. Enjoy these images as we get our offices ready to celebrate the holiday season. Design by Mandy Lark of Lark Interior Design.

November 16, 2017

Culture of Connection - new Kerr Russell ad to appear in Michigan Lawyers Weekly and dbusiness

Kerr Russell introduces the second ad in the new "Est. in Detroit 1874" series: "A culture of connection." The piece emphasizes the firm's 143-year presence in Detroit as part of the larger business and legal community. "We are relationship focused. We know our people and our clients are the lifeblood of our firm."

November 3, 2017

Kerr Russell launches new advertising in upcoming issues of dbusiness and Crain's Detroit

With this month's issue of dbusiness, focused on Top Lawyers in Metro Detroit, Kerr Russell launches its new brand advertising with "A Track Record of Results." Working with Identity Public Relations and Marketing, Kerr Russell's marketing team developed the creative to emphasize the firm's longstanding place in Detroit's legal and business history.

November 1, 2017

Kerr Russell ranked in the 2018 U.S. News - Best Lawyers® "Best Law Firms" list nationally in 1 practice area and regionally in 17 practice areas

U.S. News & World Report and Best Lawyers, for the eighth consecutive year, announce the "Best Law Firms" rankings.

August 10, 2017

A culture of giving

If you want to know how a firm can thrive for over 140 years in a city that has faced considerable challenges, walk through the door of Kerr Russell’s suite on the 25th floor of the Detroit Center and get a feel for the people.

November 6, 2016

Kerr, Russell, Rich Buslepp and Michael D. Gibson receive "Materials Deal of the Year" Award from The M&A Advisor

KR was recently awarded 2015 "Materials Deal of the Year" by The M&A Advisor for its Representation of Zhongli Corporation in connection with the its acquisition of Stern Rubber Company. Zhongli Corporation was principally represented by KR members Mike Gibson and Rich Buslepp.

February 10, 2016

Kerr Russell, Richard C. Buslepp and Michael D. Gibson receive M&A Advisor Award

The acquisition of Stern Rubber by Shanghai Zhongli has been named as a finalist by the M&A Advisor for the 8th Annual International M&A Awards.

Representative Matters

Represented management of a Tier I auto supplier in connection with the sale of the company

Represented electrical contractor in connection with sale of company

Represented Tier I auto supplier in connection with $100 Million refinancing

Represented privately held aerospace engineering company in connection with the sale of the company

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