Archive for 'Uncategorized'

Patent Office Opening in Detroit

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 [...]

Federal Jurisdiction: Sometimes a Penny Matters

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 [...]

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Mark Demorest Named One of Detroit’s Top Eminent Domain and Condemnation Lawyers

Mark Demorest was recently selected a Top Lawyer by Dbusiness magazine in the specialized area of eminent domain and condemnation law. Dbusiness magazine is one of Detroit’s premier business journals. Mr. Demorest is one of only nine lawyers from this practice area to receive this distinction. The Top Lawyer designation is a peer-reviewed award, meaning [...]

Changes to the Home Affordability Program (HARP)

One of the existing rules under HARP is about to get a major rewrite during 2012. Currently homeowners whose loans are owned by Fannie Mae or Freddie Mac can refinance their underwater home if the loan to value (LTV) is less than 125% of the appraised value. During 2012 as the major changes to this [...]

Non-conforming Uses: You Might Want to Leave Them Alone

In zoning parlance, a non-conforming use is a property use that would violate the current zoning regulations, but which existed before the current zoning regulations were in place. One might also say that the existing use of the property is “grandfathered.”  In order to be recognized as a non-conforming use, the property owner must show [...]

It’s time for a little “crisis tax planning”

For those of you small business owners that haven’t taken the time to check in with your CPA regarding your tax status, it’s time! The good news is that if you do the planning between now and the end of the year, you can still minimize the amount of tax you will be faced with [...]

Second Chances

Wouldn’t it be great if you had a second chance? Of course it would be. We all love to play Monday morning quarterback. If you converted an IRA to a Roth IRA during 2010 you still have a second chance to undo this conversion if you need to. However you only have until Monday October [...]

Michigan Attorney General Issues Opinion on Medical Marihuana

The Michigan Attorney General, Bill Schuette, recently issued an opinion (available at http://www.ag.state.mi.us/opinion/datafiles/2010s/op10340.htm) concerning three issues posed by the Michigan Medical Marihuana Act (MMMA): (1) Whether the Michigan Smoking Ban applied to Marihuana; (2) Assuming that the Smoking Ban does not apply to Marihuana, does the MMMA’s prohibition on public smoking apply to food service [...]

Small Business Money Mistakes

“The 7 Most Common Money Mistakes That Entrepreneurs Make” article by Mike Michalowicz points out various mistakes that professional advisors see all the time. Entrepreneurs typically are in a hurry to open their business but forget to do the proper planning or to line up enough capital. As the article points out in the tax [...]