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The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a Final Rule about the beneficial ownership reporting requirements through the Corporate Transparency Act (CTA). The CTA, which went into effect in early 2022, requir…

The recently enacted Michigan Uniform Assignment of Rents Act (MUARA) regulates the rights and responsibilities of renters, landlord-borrowers, and creditors in circumstances when borrowers are in default. What does MUARA provide? MUARA provides that…

President Biden recently signed two bills into law that will give the federal government more time to catch and prosecute those who committed fraud related to the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loans (EIDL…

In 2021, there were nearly 60 million independent contractors in the United States, and experts predict the number of workers opting for 1099s is expected to grow. Independent contractors – who are essentially their own bosses – often enjoy the f…

Business partnerships can turn sour for several reasons, including those that seem to warrant legal action. When that happens, you may wonder, what are the grounds to sue your business partner? A business partner can sue for any number of reasons, al…

A law recently signed by Michigan Gov. Gretchen Whitmer allows establishments with on-site liquor licenses the ability to offer self-dispensing services for beer, wine, and other mixed drinks. According to the law, the establishments may now offer se…

Few business owners want to become involved in a commercial dispute. That’s because resolving a commercial dispute can be a costly and time-consuming process, especially if courtroom litigation is involved. If you are a business owner involved in a…

An attorney is an essential part of any successful business team, however, business owners too often rely on lawyers only to “get them out of trouble.” The most successful business teams include legal advisors on the front end of many decisions f…