Tag Archives: business

Macomb-OU Incubator Will Present an Informational Session on Growth for Technology Based Start-Up Companies.

The Macomb-OU Incubator is hosting an informational session to help tech start-up companies bring their product to market. John Eaton, a Macomb OU client strategist, will lead the discussions and help participants understand how to take advantage of the many business resources offered in the the State of Michigan. The range of topics to be […]

Realization of Income for IRS Purposes

Tax law can be overwhelming for many people in the business sector. To combat uneasiness and create a semblance of familiarity with tax obligations, Demorest Law provides the following synopsis of tax implications involved with sweat equity and property transfers: Sweat equity is most readily defined as the performance of a service for compensation. This […]

Interpreting Statutes – Every Word Counts

The Michigan Supreme Court recently came to an interesting conclusion in SBC Health Midwest, Inc. v City of Kentwood, 2017 Mich LEXIS 734, *6. This case involved SBC Health Midwest Inc.’s petition for a personal property tax exemption for its operation of a for-profit school. MCL 211.9(1)(a)’s language created an exemption for educational institutions. Respondent, […]

Specific Offer Sheets May Constitute Binding Contracts

Recently, the Michigan Court of Appeals decided U.P. Hydro v. Artibee, 2016 Mich App LEXIS 2428 *6. This decision has caused confusion regarding offers with attached contingencies.  The Court considered whether an offer of sale containing a defined price, identifiable land, and two conditions precedent was enough to create an enforceable contract if the conditions […]

Business Tips – Naming Your Company

Demorest Law’s commitment to the business community has encouraged us to offer a three-part series on naming and branding your new or existing business. This article will be the first installment of that series and will focus on the importance of choosing an appropriate name. The other two installments will cover Trademarks and Restricted Names. […]

Workplace-Violence Prevention

  In the wake of recent tragedies involving workplace-violence victims, the Michigan Department of Licensing and Regulatory Affairs will be offering free violence prevention seminars on May 10th  from 9:30a.m. – 12:30 p.m., and May 11th from 9:00 a.m. – 12:00 p.m.. The May 10th event will be hosted by Calvin College, at the Covenant […]

New House Bill Aims To Regulate Ride-Sharing

House Bill No. 4637 is aimed at Transportation Network Companies (“TNC’s”) which hold themselves out to the public as transportation for hire. Uber and Lyft are just two of the major players which will be affected by this bill, as any services which offer prearranged rides to the general public through internet services will be […]

Poorly Defined Contract Terms Could Spell Disaster For Your Company

The Court of Appeals decision in Jodi Perry v. Progressive (February 28, 2017, Unpublished Case No. 330966), should remind companies to remain vigilant in updating their contracts to clearly define the terms of their agreements. In Perry, the Plaintiff had been involved in a vehicle accident and filed a lawsuit against the Defendant insurance company […]