Resources for Metro-Detroit Businesses
LIKE KIND EXCHANGES UNDER INTERNAL REVENUE CODE SECTION 1031 Prior to 2000, the real estate market was so hot that a property might appreciate more than 20% overnight, especially at …
Introduction to the 1031 Exchange Read MoreMichigan law provides benefits to persons unemployed through no fault of their own. Thus, a person will be denied unemployment benefits if he left work voluntarily without good cause attributable …
Unemployment Claims: The Necessity of Diligent Employment Records Read MoreIn my January 22nd post, I discussed factors which determine whether or not someone is classified as an independent contractor or an employee. There are obvious financial benefits for an …
Vicarious Liability of Employees and Independent Contractors Read MoreMark Demorest was again selected a Top Lawyer in metro Detroit by Dbusiness Magazine for 2013, in the category of business litigation. The Top Lawyer designation is a peer-reviewed award …
Mark Demorest Named One of Metro Detroit’s Top Business Litigation Lawyers Read MoreThis article by DLF attorney Melissa Demorest was published in the Winter 2013 issue of Primerus Paradigm Magazine (available at http://www.primerus.com/primerus-paradigm-magazine.htm). Feel free to contact Melissa if you would like …
Crowdfunding: What You Need to Know (Primerus Paradigm Magazine, Winter 2013) Read MoreIt’s no secret that hiring independent contractors can save companies a great deal of money compared to hiring employees. A company can avoid paying payroll taxes, benefits, unemployment insurance, workers’ …
Are Your Workers Really Independent Contractors? Read MoreUnder a new Michigan law, employers and schools may not request the private social media passwords of employees, applicants, or students. Public Act 478 of 2012, available at http://legislature.mi.gov/doc.aspx?2012-HB-5523. The …
Social Media Passwords are Private in Michigan Read MoreEmployers may want to have employees sign non-compete agreements in an effort to protect their trade secrets and other proprietary information. Michigan non-compete agreements can be an excellent way to protect …
Michigan Non-Compete Agreements Read MoreIn 2008, the State of Michigan enacted legislation protecting gift card and gift certificate purchasers and recipients. If your business issues gift cards or gift certificates, here’s what you should …
7 Tips for Businesses Issuing Gift Cards this Holiday Season Read MoreIf you have made a secured loan, and filed a UCC-1 Financing Statement with the Secretary of State, is your secured position protected forever? No. A Financing Statement expires five …
Don’t Forget to Renew UCC Financing Statements – Good for Five Years Read More