Beneficial Ownership Information Reporting
The Corporate Transparency Act (signed into law on January 1, 2021) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the United States. Starting in 2024, many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”) in an effort to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activity.
read more...UNDERSTANDING TYPES OF NON-PROFIT ORGANIZATIONS
The IRS, taxes, Internal Revenue Code, and exemptions are all things that require careful reading and consideration. IRS codes are a language of their own. If you are a non-profit organization in particular, knowing what your company designation is with the IRS is beneficial and important.
read more...Do Really Own Your Manufactured Home? – New Michigan Policies Change the Title Process
In a world where the housing market is at an all-time high, and houses are being sold before hitting the market, showing proof of ownership or good title to your home is paramount as a homeowner.
read more...Contract Validity and Enforceability: Was Jabba the Hutt in the wrong?
A long time ago in a galaxy far, far away… a less-than-reputable cargo transporter known as Han Solo had a debt to pay. Han Solo was hired by Jabba the Hutt, a less-than-reputable businessman, to transport “spices” across the galaxy, but Han Solo failed to deliver the goods. Jabba lost a considerable sum of money on this arrangement and put a hefty bounty on Han Solo’s head. Was this Jabba’s only option?
read more...U.S. Supreme Court Rules Against LGBT Employment Discrimination
The United States Supreme Court significantly expanded civil rights protections for LGBT employees on Monday, June 15, 2020, when it published its opinion in Bostock v Clayton County, Georgia, 590 U.S. __(2020). Before handing down its opinion, the Court heard oral arguments from the three cases at issue on October 8, 2019
read more...Resumption of Manufacturing Work
Governor Whitmer issued Executive Order 2020-77 to extend the duration of the stay-at-home order until May 28, 2020; however, the Executive Order does allow previously suspended manufacturing activities to resume on May 11, 2020, subject to certain minimum safety requirements. This blog describes these safety requirements that manufacturers must follow as to resume business.
read more...Remote Notarization and Witnessing for Estate Planning, Real Estate Closings, and Other Transactions
Remote Signatures for Estate Planning, Deeds, and Other Transactions Last night (April 8, 2020), Governor Whitmer signed Executive Order 2020–41 allowing the use of electronic signatures, remote notarizations, and remote witnessing. Executive Order 2020-41 is effective immediately and continues through…
read more...Loan Assistance for Small Businesses Impacted by COVID-19
The U.S. Small Business Administration is opening their Paycheck Protection Program (“PPP“) to applications beginning April 3, 2020. This program allows employers to receive up to $10 million in low interest loans to cover the cost of two months of…
read more...Expanding Paid Family and Medical Leave Due to COVID-19: What Employers and Employees Need to Know
Federal Expansion to Paid Family and Medical Leave under the FFCRA The Families First Coronavirus Response Act (“FFCRA“) is new federal legislation that expands paid sick leave and family/medical leave in response to the drastic changes in the workforce…
read more...Employer Guidelines under Governor Whitmer’s “Stay at Home” Order
Employer Guidelines under Governor Whitmer’s “Stay-at-Home” Order Under Governor Whitmer’ Executive Order 2020-21, it is a misdemeanor to continue business operations in Michigan until April 13, 2020, at 11:59 p.m., unless one of the following applies: The work can…
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