Archive: November 2016

• Federal Court Throws New Overtime Rules Into Limbo

  November 23, 2016

  (November 23, 2016) Businesses from coast to coast have spent the last several months analyzing and making plans to implement the Department of Labor’s new overtime rules which basically doubled the compensation floor for salaried employees and were to go into effect on December 1, 2016.  That all changed Tuesday, November 22nd, when U.S. Federal […]

• you ask, we answer.

  November 21, 2016

  Q: I know that the FLSA salary basis changes on December 1, 2016. So, as long as my salaried employees make at least $47,476 I am in compliance, right? A: Not necessarily. Earlier this year the U.S. Department of Labor issued new regulations which raised the salary basis requirement under the Fair Labor Standards Act […]

• How Does the Election Impact Estate and Gift Taxes?

  November 20, 2016

  (November 21, 2016) The recent election could mean significant changes in estate and gift tax laws.  We believe recent regulatory efforts to abolish valuation discounts will effectively be suspended, and the federal estate/gift tax may soon be repealed. Under current federal estate and gift tax laws, a person is typically taxed at about a 40% […]

• New Ruling Impacts Child Support for Children over 18

  November 17, 2016

  (November 17, 2016) In a published opinion, the Michigan Court of Appeals has clarified the meaning of “full-time basis” for child support after a child’s 18th birthday.  In Weaver v Giffels, the Court of Appeals reversed a ruling by a Kalamazoo Circuit Court Judge which allowed child support beyond a child’s 18th birthday under the […]

• Law firm targets client experience

  November 15, 2016

  “Because of the internet, Smith said, potential clients are more educated about the legal world and are expecting not only competency, but a well-rounded experience”

• Rhoades McKee ‘drills deeply’ into intensifying client-centered focus

  November 14, 2016

  “On a day-to-day basis you’re focused on client matters and the internal fundamentals of making a business this big succeed.”

• Reduce Risk While Raising Equity

  November 7, 2016

  (November 8, 2016) In the last blog post, we talked about senior debt as the primary source of development funds. Unfortunately for developers, senior debt is rarely sufficient to fund the entire project, and the next most common source of funding after senior debt is equity. Senior lenders will not close on the senior loan […]

• Opinion Highlights Danger of Vicarious Liability based on Teaching Contracts with Non-Employed Physicians

  November 1, 2016

  (November 1, 2016) In a recent unpublished opinion, the Court of Appeals reversed the trial court’s decision granting partial summary disposition in favor of defendant Oakwood Healthcare on the plaintiff’s claim of vicarious liability based on the conduct of on-call surgeon Alice Shanaver, DO.  Thomas v Oakwood Healthcare (COA Docket No. 326072).  The plaintiff’s claims […]