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Business Law

4 Legal Compliance Items For The New Year

Posted on January 5, 2018
One of the most important roles of a business attorney is thinking about risk avoidance, with a goal that if bad things happen to your company, they aren’t as bad as they could have been. As we start a new year, here are four legal issues to double-check and update before something happens. File your ... CONTINUE READING

4 Common Legal Mistakes Made by Startups

Posted on June 28, 2017
One of the most rewarding aspects of my legal practice is working with small business startups. Every owner is beyond excited about their business concept, and it is so much fun listening to them explain how they plan on conquering the world. But what makes the work so rewarding is helping small business owners identify ... CONTINUE READING

4 Questions to Ask When Buying a Business

Posted on March 8, 2017
When you decide to buy a business, information comes at you like a fire hose. There are four critical legal questions to investigate as part of a business purchase. Taking the time to understand how these legal pieces fit into the ongoing operation of your business can save many headaches down the road. What am ... CONTINUE READING

Top 3 Legal Issues of Working in a Co-working Space

Posted on December 31, 2016
Working in a co-working space has a lot of advantages for startup entrepreneurs and members of the freelance economy: free coffee; shared services; professional meeting space; and collaborative discussions. Did I mention free coffee? But there are certain things about a small business owner working in a shared space with other people who are not part ... CONTINUE READING

IRS Announces 2015 Retirement Plan Limits

Posted on November 4, 2014
The IRS has announced the 2015 cost-of-living adjustments for retirement plan related limitations, with almost all of the most watched figures increasing slightly from 2014.  The 401(k) deferral limitation increased from $17,500 to $18,000 (the additional catch-up contribution limit for those over 50 increased from $5,500 to $6,000), the annual defined contribution plan maximum limit has increased from ... CONTINUE READING

IRS Announces 2014 Retirement Plan Limitations

Posted on November 4, 2013
The IRS has announced the 2014 cost-of-living adjustments for retirement plan related limitations, with some of the most watched figures staying the same from 2013 and some increasing slightly.  The 401(k) deferral limitation remains at $17,500 (the additional catch-up contribution limit for those over 50 remains at $5,500), the annual defined contribution plan maximum limit has increased ... CONTINUE READING

Menard, Inc. v. Dep’t of Treasury: Who gets a Michigan sales tax refund on bad debt?

Posted on September 13, 2013
In a published opinion released by the Michigan Court of Appeals on September 12, 2013, retailers Menard’s, Sears and Art Van were denied a refund of the sales tax they paid on customer purchases that were charged off as bad debts by the retailers’ private label credit card financing companies. Many large retailers have their ... CONTINUE READING

Rollover As Business Startup and IRS Prohibited Transactions

Posted on July 8, 2013
In 2010, I wrote an article for the Michigan Business Law Journal called “Using Retirement Plan Assets to Fund a Startup Company.” A copy of the article can be found here, and it discusses many of the potential pitfalls that come with rolling over tax-qualified retirement plan assets to a new startup business that you ... CONTINUE READING