Resources for Metro-Detroit Businesses
There is a quote from William James that reads: “He who refuses to embrace a unique opportunity loses the prize as surely as if he had failed.” A couple of …
When Opportunity Knocks, Should You Answer? Read MoreYou might think that the settlement of a lawsuit requires the signature of the client. That is not the case under this Michigan Court Rules. A settlement may be enforced …
Attorney’s Signature Creates Binding Settlement Read MoreThe Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (or “CARD Act”) went into effect on Monday, February 22. The purpose of this Act was to prevent credit card companies from using predatory lending practices and excessive penalties for credit card customers.
CARD Act – How the New Credit Card Law Works Read MoreA mortgage has priority over other liens on the property from the date it is recorded with the Register of Deeds. The mortgage can also have priority for amounts advanced …
To Quality as a Future Advance Mortgage, Correct Language Must By Included in the Recorded Mortgage Read MoreWhat do oil and water and family members who are employees in your small business have in common? They rarely mix and are frequently toxic to the environment. Although it …
Tough Love in Your Business Read MoreThe Michigan Court of Appeals recently reaffirmed the Michigan Common Law that when a plaintiff enters into a release and provides an accord and satisfaction to settle a lawsuit, that …
Don’t Sign the Satisfaction Unless You’re Satisfied Read MoreThe Michigan Court of Appeals decided an interesting procedural issue regarding the appeal of post-judgment orders awarding or denying attorney’s fees. In Mossing v. Demlow Products, Inc. (2010), the trial …
Separate Appeal of Attorney’s Fees and Costs Read MoreBusiness is war. It’s a jungle out there. Never give a sucker an even break. Nice guys finish last. It’s a dog-eat-dog world. We’ve all heard at least one of …
Is it a Rat Race? Read MoreThe Internal Revenue Service is making a one-time, extraordinary allowance to taxpayers who make qualifying contributions for Haitian earthquake relief.[1] Individual taxpayers who itemize their deductions for 2009 may deduct …
2009 Federal Tax Benefit for Qualifying Contributions for Haitian Earthquake Relief Read MoreUnder Michigan law, a property’s taxable value is capped and may not increase by more than the rate of inflation until ownership of the property is transferred. However, there are …
Keeping Property Tax Values Capped Upon the Death of a Joint Tenant Read More