Resources for Metro-Detroit Businesses
This article, written by attorney Wythe Michael of Goodman, Allen & Filetti in Glen Allen, Virginia, was originally published in the Winter 2014 issue of the Primerus Paradigm. Historically, SEC …
Advertising and General Solicitation Now Permitted for Companies Conducting Private Securities Offerings Read MoreAn agreement between parties to agree to contract at a separate time may be enforceable in court even though the later contract was never created, so long as the agreement …
Court Upholds Memorandum of Understanding as an Enforceable “Contract to Contract” Read MoreAccording to a National Labor Relations Board press release on January 6, 2014, the Board has decided not to seek Supreme Court review of two U.S. Court of Appeals decisions …
National Labor Relations Board Gives Up Fight on Notice Posting Rule Read MoreAs of January 1, 2014, the money judgment interest rate for the first half of 2014 will increase from 1.944% to 2.452%. A money judgment interest rate is a rate …
Increase in Money Judgment Interest Effective as of January 1, 2014 Read MoreRedemption is the period after a foreclosed home has been sold at a foreclosure sale, when the homeowner can still reclaim their home. Currently, Michigan law provides different redemption periods …
New Creditor-Friendly Redemption Statute Takes Effect January 10, 2014 Read MoreIn Michigan, employers are generally required to carry workers’ compensation insurance for their employees. If a company hires independent contractors, those individuals or companies are supposed to carry their own …
How to Avoid Workers’ Comp Liability for Independent Contractors Read MoreWe hope all of our readers have a safe and enjoyable holiday season. We look forward to continuing to inform and interact with our readers in 2014!
Happy Holidays from Demorest Law Firm! Read MoreGoldman Sachs recently launched its 10,000 Small Businesses campaign in Detroit. The campaign provides free education and other support to business owners. According to the campaign website, “Goldman Sachs 10,000 …
Apply now for Goldman Sachs 10,000 Small Businesses Campaign Read MoreA key reason that business owners and managers choose to form a corporation or limited liability company (LLC) is so that they won’t be held personally liable for debts should …
Piercing the Corporate Veil – and How to Avoid It Read MoreThe Michigan Court of Appeals recently concluded that it is sufficient for a garnishee to claim a right to a setoff to deny a release of funds to a garnishor. …
How a Bank May Refuse to Garnish a Debtor’s Account Read More