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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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
August 7, 2018
The Michigan Department of Treasury has just released the new sales and use tax standards for remote sellers. Prior to 2018, Michigan could not force sellers without a physical presence in the state to remit sales or use tax to the state. On June 21, 2018, the U.S. Supreme Court overturned this longstanding restriction and […]