Does your Contract Charge Illegal Interest?
Most contracts provide penalties for defaults. Often a contract will charge interest on outstanding balances. The State of Michigan, like most states, sets a cap on the amount of interest that can be charged. The interest rate limit on money owed by an individual is 5%, or 7% if agreed to in writing. MCL 438.31. […]
Non-Competes Now Unenforceable? Breaking Down the New FTC Rule
In a significant move to address the controversial practice of non-compete clauses in employment contracts, the Federal Trade Commission (FTC) has issued its final rule on the use of these restrictive covenants. The rule, titled “The Use of Non-Compete Clauses in Employment Contracts,” aims to protect workers and promote competition by setting new guidelines for […]
The Corporate Transparency Act Declared Unconstitutional
On March 1, 2024, The Corporate Transparency Act (CTA), a topic that our firm has posted a blog on already and can be found here: “The Corporate Transparency Act Became Effective January 1, 2024: What Business Owners Need to Know Including Updates From the November 2023 Final Rule.” , was declared unconstitutional by the U.S. […]
The Corporate Transparency Act Became Effective January 1, 2024: What Business Owners Need to Know including Updates from the November 2023 Final Rule
Are you a small business owner? Do you own and operate a corporation, LLC, or other privately held business filed with the Secretary of State? If so, the Corporate Transparency Act, 31 U.S.C. § 5336 (“Act”), that was recently adopted by Congress will require you to register certain “personally identifiable information” with the Financial Crimes […]
PROPERTY OWNERS BEWARE: The Grace Period To Preserve Older Property Interests Ends March 29, 2024
The grace period permitted to preserve old property interests under the Marketable Record Title Act, 1945 PA 200 (“MRTA”), is quickly coming to an end and is set to expire on March 29, 2024. MRTA allows a person to hold marketable title to real property subject only to those interests that appear in the chain […]
New Staffing Standards for Long-Term Care Facilities
For anyone who has a loved one in a long-term care (LTC) facility or resides in a LTC themselves, may be concerned with the quality of care that residents receive in these facilities. While many think of LTC facilities as only caring for the elderly, these facilities often provide care to individuals with ongoing health […]
The Corporate Transparency Act and What Business Owners Need to Know
Are you a small business owner? Do you own and operate a corporation, LLC, PLLC, or other privately held business filed with the Secretary of State? If so, the Corporate Transparency Act, 31 U.S.C. § 5336 (“Act”), that was recently adopted by Congress will require you to register certain “personally identifiable information” with the Financial […]
The Ins and Outs of Seller Disclosure Statements
Buying or selling residential property in Michigan? The Michigan Seller’s Disclosure Act, 1993 PA 92, requires a seller of residential property, containing one to four dwelling units, to fill out a Seller’s Disclosure Statement (SDS). The SDS is a legal document where sellers of a home disclose certain known conditions of the property they are […]
Avoid Medicaid Penalties with a Well-Drafted Personal Care Contract
Did you know that if you are providing care to an older or ailing family member and they are paying you for your services, you could jeopardize their ability to later receive skilled nursing care through Medicaid? Often times, an ailing or older individual would prefer to remain in their private home as long as […]
Taxes on Remote Workers
The COVID-19 pandemic has shifted the way society works, making remote work far more familiar and commonplace. Remote employees have the opportunity to work from the comfort of their own homes, local coffee shop, or even on a beach vacation. This allows employers to attract workers from across the nation. While this flexible work schedule […]
