Resources for Metro-Detroit Businesses
In a recent case, Powell v Romano, the Michigan Court of Appeals ruled that a bank’s mortgage was not valid against a party living on land under a land contract. …
Court of Appeals: Bank’s Mortgage Ineffective Against Resident With Unrecorded Land Contract Read MoreTaxmageddon is about to befall us all. Not only are the favorable rates implemented by the Bush Administration about to expire 1/1/13 but there are new Medicare and investment taxes …
New Medicare and investment taxes for high-income taxpayers Read MoreGovernor Snyder has recently signed legislation changing the Michigan Small Claims Courts maximum jurisdictional amount in controversy from $3,000 to $5,000. The increase will take affect on September 1, 2012. …
Michigan Raises Statutory Limits for Small Claims Court Read MoreI recently read a good article on LLC Basics written by Nellie Akalp. In reading the article I was quickly reminded of mistakes that I generally see when people are …
Common LLC Mistakes Read MoreThe Michigan Supreme Court decided to grant leave to appeal to hear whether the four-year limitations of the Uniform Commercial Code, or Michigan’s general six-year limitations period applies to collections …
Michigan Supreme Court To Determine Whether Four or Six Year Statute of Limitations Applies to Open Account Read MoreThe city of Stockton California recently tried a unique approach to avoid declaring bankruptcy. The city decided if they stop paying certain bills, they would have more money to pay …
Who Says You Can’t Fight City Hall? Read MoreIt is a fundamental concept of American jurisprudence that the plaintiff in a lawsuit must have standing to sue. It protects defendants from having to litigate claims from parties who …
Michigan Court of Appeals: No Standing to Challenge Foreclosure After Redemption Period Expires Read MoreOdds are that at some point in your business career you will be contacted by the IRS via mail or in person. The article attached entitled “10 things to know …
Contact by the IRS Read MoreUnder Michigan law, the one-action rule prohibits mortgage holders from collecting in multiple ways. Under the rule, a mortgagee who forecloses on property may not file another action or proceeding …
Court of Appeals: One Action Rule Sometimes Prevents Collection on Guaranty Read MoreThe IRS has just recently released its list of the 2011 top tax scams. Several of these make the list every year despite numerous IRS court victories and enforcement actions. …
2012 Dirty Dozen Tax Scams Read More