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Gov. Gretchen Whitmer recently signed Senate Bill 464 into law, creating the Financial Exploitation Prevention Act. The law requires that financial institutions, including banks and credit unions, have a policy and train employees to detect and repor…

A law, signed into effect in October of 2020, amends the Commercial Rehabilitation Act and the Commercial Redevelopment Act so that the granting of property tax abatements for qualified businesses continues through Dec. 31, 2025. Commercial Rehabilit…

You may be years away from the transferring of your business to the next generation. Advanced planning provides you with more options and flexibility, resulting in a greater likelihood of your business’s continued prosperity and the preservatio…

The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) reopens this week for new borrowers and certain existing PPP businesses. Starting today, Jan. 11, community financial institutions will be able to make First Draw PPP Loans…

Gov. Gretchen Whitmer recently signed a bipartisan relief bill, which includes $55 million to help small businesses, into law. The assistance is available in addition to a federal $900 billion relief package. The package includes the following: Grant…

President Trump recently approved a $900 billion COVID-19 relief package (the Consolidated Appropriations Act, 2021) that will assist small business owners and other Americans who are struggling due to the pandemic. Among other provisions, the bill i…

The holidays are here and with the festivities comes the desire by most people to gather and celebrate with family, friends, and coworkers. In 2020, however, employers should first consider the health and safety of their workers before sponsoring a t…

On Dec. 15 at 9 a.m. certain business owners that have been impacted by the COVID-19 virus will be able to apply for grants of up to $15,000 through the Pure Michigan Small Business Relief Initiative. The program will utilize $10 million in federal U…