Upcoming Seminar: How to Buy or Sell a Business
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Upcoming Seminar: How to Buy or Sell a Business Read More »
The Telephone Consumer Protection Act (TCPA) is a minefield for any business that is interested in marketing by phone calls, text messages or faxes. This law restricts telephone solicitation, among other things. This law also applies to text messages that would be deemed solicitations. For example, sending a text message solicitation could violate the TCPA
Text Marketing Minefield: The TCPA Read More »
If you decide to buy a property but change your mind after signing a Purchase Agreement, you may be out some cash unless the contract expressly gives you the right to get out of the deal. A seller typically has three remedies: Accept the deposit and terminate the contract; Sell the property to someone else
Purchase Agreements Create Serious Obligations Read More »
Late Tuesday night, news crossed the wire that the Senate passed the “Tax Increase Prevention Act of 2014” (the “Act”) by a supermajority-exceeding vote of 76-16. The Act, which is predicted to be signed into law by President Obama within the next few days, provides a wide-ranging extension of tax breaks for individuals and businesses.
Heads-Up: Certain Tax Deductions and Credits Extended through the End of 2014 Read More »
If you are a business and discover that your computers or other records have been compromised with a security breach, you may have some responsibilities under Michigan’s Identity Theft Protection Act. This law requires notices be sent to customers if any of their sensitive data (such as Social Security numbers, bank account information or credit
Been Hacked? You Might Need to Tell Your Customers Read More »
Recently, the legislature again acted to change the exemptions to uncapping transfers. Property This time legislators amended the most recent provision (see previous article) to cause it to terminate on December 31, 2014. Then, beginning on January 1, 2015, a new provision specifies that transfers between certain specified relatives, as well as trusts of those
The legislature in Lansing, no doubt seeing the mess that the State Tax Commission (STC) had created, decided to pass a new law (codified at MCL 211.27a(7)(s)) that provided that transfers of “residential property” from one person to another person or persons who were related by “blood or affinity to the first degree” would be
Property Tax Uncapping, Part 2 of 3: New Legislation Read More »
Since the introduction of the Headley amendment (Proposition A) to Michigan’s property tax laws, the property tax assessment has been divided into a Taxable Value (TV) and a State Equalized Value (SEV). The TV is what taxes are actually based upon. The TV may not increase by greater than the COLI or 5% whichever is
Property Tax Uncapping, Part 1 of 3: First, Some History Read More »
If you plan to buy property, you really should get a survey. A mortgage report is not sufficient. If you buy property without a survey, you run the risk that the boundaries of the property are not where you thought. Your house may encroach onto your neighbor’s or theirs may encroach onto yours, or part
Survey Says: Worth the Cost Read More »
Medicaid is the government program that will help pay for care in a nursing home. The complicated rules and policies surrounding this program usually cause people to seek the advice of an elder law attorney. Historically, with the help of an attorney, a spouse could receive Medicaid benefits without having to spend down any assets.
Changes in Medicaid Planning Options for Couples Read More »