Business Law

  • The New Salary Requirements: Understand the Options and Liability

    October 21, 2019

    Tips for Employees to Avoid Disaster As we reported in September, the Department of Labor has issued final rules increasing the minimum annual salary level paid to over-time exempt administrative, executive and professional employees from $23,660 to $35,568. In terms of weekly pay, the increase is from $455 per week to $684 per week. This […]

  • Court Enforces Shareholder Valuation Agreement

    October 18, 2019

    Shareholders who want to avoid protracted litigation over shareholder rights and valuation can specify a valuation protocol in their operative agreements – including a forced redemption on termination of employment of a shareholder for any reason – and the courts will enforce the resulting purchase price. In its October 1, 2019 decision in Niewiek v […]

  • It’s Back!! Rule Increasing Minimum Salary Level Returns

    September 25, 2019

    On September 24, 2019, the U.S Department of Labor (DOL) announced its final rule updating the minimum salary level required to be paid to employees classified as executive, administrative or professional employees. The rule updates the salary level of $23,660 that had been in effect since 2004 to a new level of $35,568 per year […]

  • How and When to Renew Your Michigan Hemp Registration or License

    August 21, 2019

    In Michigan, industrial hemp and products manufactured therefrom are regulated by the Michigan Department of Agriculture & Rural Development (“MDARD”). Earlier this year, MDARD issued licenses permitting the manufacture, processing, and sale of hemp-based products on a temporary basis as the Department developed the “state industrial hemp plan” (the “IHP Plan”) required by last year’s […]

  • New Resource Available for Michigan Hemp Producers

    June 17, 2019

    A new resource is available to anyone interested in taking advantage of recent changes in the law regarding the growth, production and sale of hemp products in Michigan. On June 12, 2019, Michigan’s Department of Agriculture & Rural Development (“MDARD”) issued an electronic update publicizing the Michigan State University (“MSU”) Extension Bulletin E3402 entitled Industrial […]

  • Paranoid about Cannabinoids? The FDA’s Newly-Expressed Concerns About CBD in Food Products

    March 19, 2019

    Whether you’re a consumer or work in the food business, you likely have seen hemp-based cannabidiol (or “CBD”) products exploding in the market recently. CBD, which is a popular natural remedy used for many common ailments, is one of the 104 chemical compounds known as cannabinoids found in the cannabis or marijuana plant. Unlike tetrahydrocannabinol […]

  • Exploring a World of Options: Key Considerations for Option Contracts

    March 11, 2019

    It’s good to know your options.  You don’t want chips with your sandwich? You’ll be happy to know you have the option to substitute fries (or fruit, for those more health conscious). You want a heated steering wheel, touchscreen navigation, and the DVD system in your SUV? You’re in luck. Those options can all be […]

  • Shareholder Oppression: Will You “Know It When You See It?”

    February 14, 2019

    A US Supreme Court Justice once famously stated that, while he might not be able to intelligently define what qualifies as obscene or pornographic, “I know it when I see it.”1 Many advisors and owners say the same thing about “shareholder oppression.”  They might not know the exact definition of “shareholder oppression,” but they claim […]

  • Two Weeks Down, Fifty More to Go!

    January 16, 2019

    We are off and running in 2019! As we begin the third workweek of 2019 and gear up for the remainder of the year, our Commercial Litigation Team at Rhoades McKee wants to take a moment to say “THANK YOU” for referring and recommending our team to your clients and contacts. We truly appreciate the trust you place […]

  • Preparing Your Workplace for Legalized Marijuana

    November 15, 2018

    Seeing through the Smoke: Preparing Your Workplace for Legalized Marijuana On November 6, 2018, Michigan became the tenth state in the nation and the first state in the Midwest to legalize the use of recreational marijuana. This approval has left employers across the state questioning what this means for their workplace. The new law called […]

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