Last week, Governor Snyder signed a new law permitting certain liquor licensees to apply for and obtain a new “catering permit” (MCL 436.1547). The catering permit allows existing licensees to provide and serve liquor at private off-site events. Previously, even if a licensee was providing food service at an off-site event, the licensee could not [...]
The Michigan Limited Liability Company Act has recently been amended (Public Act 290 of 2010). The changes will be discussed in a series of articles on our firm blog. One of the most important changes to the Act is to allow a corporation to be converted into a limited liability company, or the conversion of [...]
The following is the 2nd part of the summary (see below) of the Tax Relief Act of 2010 and is provided compliments of UHY Advisors, Inc. UHY is a tax and business advisory services firm with whom we have had a strategic partnership with for over 25 years: Changes to the Federal Estate Tax Law [...]
For anyone following our blog for the past several months you know it has been our opinion that the Bush tax cuts would be extended. Well that is exactly what happened. More specifically, on December 16, 2010 Congress passed the Tax Relief Act of 2010. What surprised us about the 2010 Tax Bill, however, was [...]
The State of Michigan has recently created an exception to the requirement that a minor must have a work permit from the minor’s school in order to be employed. Effective immediately, a work permit is not required for a minor who is working as an unpaid volunteer for a charitable organization that is recognized as [...]
Congress is at it again. Despite the much publicized agreement in principle last week between the President and Republican leaders to extend various tax cuts, the House Democrat leadership has decided to reject the agreement in its current form. Here is the press release from Nancy Pelosi yesterday: “We will continue discussions with the President [...]
In early October 2010, Governor Granholm signed into law the Commercial Real Estate Broker’s Lien Act (the “Act”). The intent of the Act is to remedy the concerns of commercial real estate brokers regarding their inability to collect payment for their brokerage work. The Act permits commercial real estate brokers to record a lien on [...]
The Michigan Legislature has passed a bill which bans smoking in almost all indoor public venues. This ban has been in the works for a long time; many other States have already enacted similar laws. Governor Granholm is expected to sign the bill into law, and it will go into effect on May 1, 2010. [...]
The Michigan Sales Representatives Commission Act (“SRCA”), MCLA 600.2961, (Click here to view) provides protection for sales representatives from the company he is selling for (“principal”). The statute provides that representatives are to be paid what they are owed in a timely manner, and that intentional non-payment of commission by the principal will result in [...]
A recent Michigan law and impending Federal legislation are reshaping the way businesses can handle the sale and use of gift cards and gift certificates. In November 2008, the State of Michigan passed new laws which mandate that gift cards and gift certificates issued by retailers may not have an expiration date less than 5 [...]
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