This is certainly a good news, bad news message. That the cost of living for all of us, from food to commodities like gasoline, has gone through the roof over the past several years is no surprise and painful. That is clearly the bad news. The good news is that the tax law provides for [...]
The United States Patent and Trademark Office (USPTO) has announced that it is opening a patent office in Detroit. The USPTO has announced that the office will open by July of 2012. The new office will be located at 300 River Place Dr., the former home to Parke-Davis Laboratories and the Stroh’s Brewery Headquarters. The [...]
Where your business has open accounts with customers, it is important that any attempts at collecting payment be made timely. Although the normal rule allows breach of contract actions to be commenced within six years, where the breach of contract on an open account is based on the sale of goods, it must filed within [...]
By this point virtually every business owner in Michigan has received a State mailing putting them on notice that they are looking for any unclaimed property businesses may hold. This can include uncashed vendor checks, uncashed payroll checks, customer overpayments, and inactive bank accounts, to name a few. While this law has been on the [...]
Generally, the federal courts have jurisdiction in two ways. First, federal courts have jurisdiction where the case involves is a federal question. A federal question exists where a court must interpret the US Constitution or a federal law. Second, the federal courts have diversity jurisdiction. Diversity jurisdiction occurs where the parties are citizens of different [...]
In a recent decision handed down by the Michigan Supreme Court, Miller-Davis Co. v. Ahrens Construction, Inc., the court ruled that Michigan’s six-year statute of limitations for breach of contract, MCL 600.5807(8), applied to breach of contract claims against contractors, architects, or engineers for improvements to property. In doing so, the Supreme Court rejected the [...]
The IRS has recently announced that the deadline to file your 2011 tax return and pay any balance due has been moved to Tuesday April 17, 2012. For more information on this and other matters impacting your 2011 tax filings please copy the following link into your web browser. http://www.accountingtoday.com/news/IRS-Extends-Tax-Filing-Deadline-April-17-61316-1.html
Demorest Law Firm, PLLC & Numerico, PC are committed to the success of Detroit area businesses. This blog is provided free of charge by the attorneys of DLF and accountants of Numerico to aid companies in Metro Detroit, including Oakland, Wayne, and Macomb Counties. Click on either firms logo above to learn more.
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