February 19, 2024
Moving Past Lights and Sirens: Considerations at the Outset of a Corporate Investigation
The exigent circumstances that are often present at the outset of a corporate investigation may not lend themselves to calm contemplation, yet it is especially important that attorneys give...
January 2, 2024
Corporate Transparency Act Effective January 1, 2024
What is the CTA?
The CTA creates a federal obligation for many domestic and foreign entities, regardless of when formed (each, a “Reporting Company”) to disclose: (1) entity information; (2)...
September 20, 2023
Adjustments to Net Working Capital for a Business Transaction: The Art and the Science
Generally, net working capital is determined by subtracting the business’ current liabilities from its current assets, excluding cash. Transactions are commonly structured on a “cash free” basis with the...
August 24, 2023
Is Group Captive Insurance Right For Your Client?
Q: What is a Captive and how can it help my client?
A: Every company fights an unending battle to control expenses. Companies buying insurance in the traditional marketplace are...
August 15, 2023
Influencer Marketing: Navigating Legal Requirements for Transparent Relationships
“Influencer marketing” generally involves collaborating with social media influencers to promote products or services in exchange for compensation, freebies, or other benefits. Contrary to popular belief, social media influencers...
July 25, 2023
New Detroit Ordinance Prohibits Retailers from Refusing Cash Payments
The cashless ban aims to support over 100,000 unbanked Detroit residents. The ordinance was enacted by the City Council on June 13, 2023 and is effective on September 11,...
April 3, 2023
The Significance of Purchase Price Allocation
Section 1060 and its associated regulations require that buyers and sellers use the “residual” method to allocate the purchase price, which includes not only the cash consideration paid but...
March 27, 2023
The Interesting “Foreign Person” Status Under CFIUS
CFIUS has the authority to review any transaction that could result in foreign control of a US business, certain non-controlling investments and certain real estate transactions. This includes mergers,...
January 19, 2023
Indication of Interest vs. a Letter of Intent
While many economists are predicting that the United States economy will experience a recession during 2023, resulting in a decline in M&A activity, there are many M&A experts who...
May 9, 2022
Court Ruling Offers New Consideration for Corporate Officers, Directors and LLC Managers
A breach of these fiduciary duties can lead to a lawsuit and personal liability for directors, officers and LLC managers.
Frequently, lawsuits against corporate directors and officers and LLC managers...
April 11, 2022
Tax Tips to Help Minimize Your 2022 Tax Burden
All businesses, whether large or small, should frequently evaluate strategies for minimizing their overall tax burden. Here are a few tips that businesses may consider implementing to achieve such...
December 23, 2021
Michigan Enacts SALT Cap Workaround for Pass-Through Entities
For tax years beginning in 2021, Michigan pass-through entities can make an election to pay a 4.25% income tax, which can be taken as a tax credit on the...
August 24, 2021
SBA Extends PPP Loan Repayment Period
Under the previous rule, borrowers were required to begin making payments as soon as the SBA notified the lender that forgiveness was not allowed or in the case of...
April 8, 2021
State and Local Tax Considerations for Remote Employees – and their Employers
Among the many important issues for employers to consider will be whether they will now be subject to various business taxes in the state or local jurisdiction where the...
March 31, 2021
Kenneth Lombardo Discusses Business Succession Planning for Automotive Suppliers
In this episode, Ken discusses why business succession planning is important, why is matters in the automotive industry, and how it impacts automotive suppliers. He also discusses exit strategies...
March 10, 2021
Richard Buslepp discusses Golden Parachutes vs. Golden Handcuffs for Crain's Detroit Business
A golden parachute refers to a contractual provision contained within an employee’s employment contract. It provides significant financial compensation in the event of employment termination following acquisition of...
February 24, 2021
Identities of Business Owners Required to be Disclosed
Under the new law, businesses will be required to report the name, date of birth, current address, and unique identification number of the individuals who own, directly or indirectly,...
January 15, 2021
Second Round of PPP Money Now Available
A business that is eligible for additional PPP money in the second round, should get with its PPP lender. This second round of funding was included in the recently...
January 13, 2021
New COVID Act Includes Employee Benefit Changes
Relief to Prevent Plan Termination
A “partial termination” of a qualified retirement plan (like a 401(k) plan) results when there is a significant decrease in active plan participation and results...
January 4, 2021
New Law Extends Paid Leave Tax Credits, Other Relief
In the alternative, employers can discontinue required paid leave ending December 31, 2020 and forego the associated tax credit. Pending further guidance, it appears any continued paid leave would...