Newsletters & Publications
Meet with your tax advisors
There may be last minute planning possibilities for 2017. Be proactive. Consult with your tax advisors while you still have time to act in 2017.
I was sent to Singapore to fix a US Fortune 500’s businesses in Asia. The Chinese business, in particular, was losing money, and had failed to make any significant inroads into the market.
No one enters into a contract expecting it to go sour, but sometimes they do. While it is not possible at the time of contracting to anticipate and avoid every potential risk, strategies exist to help minimize exposure and avoid costs down the road.
Employees and employers are often of the mistaken belief that an employee cannot be fired while on Family and Medical Leave Act (“FMLA”) leave. The truth is that an employee on FMLA leave can be fired, but employers need to be very thoughtful and diligent when taking such action because terminating an employee on FMLA often invites litigation.
In an Order dated October 20, 2017, the Michigan Supreme Court denied an application for leave to appeal filed by Menard, Inc. in a closely watched “dark store” property tax appeal.
When doing business overseas, people often become so entangled in the language and cultural differences, they forget about all of the fundamental business similarities. When it comes down to signing new distribution, for example, it is pretty much the same all over the world.
A “firm offer" is an offer to buy or sell goods at a certain price that is guaranteed not to change for a certain period of time.
The article discusses the trio of church plan cases decided by the U.S. Supreme Court regarding whether plans that were established and maintained by a religiously-affiliated hospital, but not a church, were permitted to use the exemption.
Two weeks after one of the largest data breaches in history was announced, Equifax has come under fire for its breach response.
Credit reporting agency Equifax announced that the personal information for over a 140 million U.S. consumers was potentially compromised.
The Internal Revenue Service ("IRS") issued Revenue Procedure 2017-13 ("Rev. Proc. 2017-13"), which provides updated safe harbors from private business use for management contracts. Rev. Proc. 2017-13 clarifies, modifies, amplifies, and supersedes certain provisions of Revenue Procedure 2016-44 ("Rev. Proc. 2016-44").
In our last installment of the UCC Corner, we questioned whether parties can form binding contracts if many of the terms of their written communications are inconsistent. We learned that the answer to that question is generally “yes.”
It's 4:00 p.m. on a Friday afternoon when I receive a call from a company 's legal director. The director tells me that a company executive was traveling when the executive received an urgent email that appeared to be from the company's CEO, asking for a document containing sensitive information of all the organization's employees. After forwarding the requested document, the executive realized that the email was not from the CEO's email address, but from a similar address- now a criminal holds sensitive information.
Across the state of Michigan, local property tax revenue is being drained by the property tax appeals filed by "Big Box" retail stores.
In October and November of 1992, an insurance company called AXA Equitable Life Insurance Company issued a health insurance policy that provided coverage for certain individuals. The U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), later in 2009, added parties to the list of Specially Designated Nationals and Blocked Persons (the “SDN List”).
While most businesses and business owners have developed a healthy fear of IRS tax audits, the U.S. Department of Labor's (DOL) authority to audit 401(k) plans has not drawn the same attention. For the sake of your small business, and your personal finances, this lack of awareness of the DOL's 401(k) money grab must change immediately!
With the proliferation of online home rental resources like Airbnb and HomeAway, the business of renting homes on a short-term basis has grown significantly in Michigan and other states across the country.
Over the last decade, social media has evolved from a fun distraction for young people, to a pervasive part of people’s lives - regardless of age.
Defamation in the age of social networking websites.
On June 12, 2017, the Supreme Court decided Henson v. Santander Consumer USA Inc., No. 16–349, a case that considered the issue of whether a party that holds debt should be held to the same standards as a party that seeks to collect the debt owed to another party under the Fair Debt Collection Practices Act (the “FDCPA”).
In an Opinion issued on June 28, 2017, in Baruch SLS, Inc v Tittabawassee Township (Sup. Ct. No. 152047), the Michigan Supreme Court clarified the third prong of the six-part test set forth in Wexford Medical Group v City of Cadillac, 474 Mich 192; 713 NW2d 734 (2006), which governs charitable institutions seeking an exemption from real and personal property taxes under MCL 211.7o and MCL 211.79.
Businesses receive online orders from international entities through their websites all of the time. It is important to have your team in place to investigate these offers and make sure they are legitimate requests and that you can legally fulfill the order, before too much time and too many resources are expended.
Generally, an S corporation election is chosen to reduce exposure for federal self-employment tax and state entity-level tax. However, the benefits of an S corporation election can be accompanied by some unanticipated drawbacks.
Will your standard terms and conditions win in a battle of forms? Do you have standard terms and conditions at all?
On July 16, 2014, the Uniform Law Commission (the “Commission”) approved a series of changes to the Uniform Fraudulent Transfer Act (the “UFTA”). The UFTA had previously been adopted by most states in the country, including Michigan. The Commission’s amendments included changing the name of the law from the UFTA to the Uniform Voidable Transactions Act (the “UVTA”).
At some point, a municipality and its leaders likely will be forced to grapple with the following question: Does a landowner have any rights if the landowner builds a home or other obstruction in a road right of way or other property dedicated to the public?