Business Law

  • Exploring 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 […]

  • New Sales and Use Tax Standards

    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 […]

  • IRS Enforces Passport Restrictions to Collect Tax Debt

    July 30, 2018

    Abroad summer travel plans may be indefinitely delayed due to a new tax collection tool – Internal Revenue Code (IRC) § 7345, which permits the IRS to certify to the State Department individuals who have serious delinquent tax debt. Once the State Department receives a certification, it may deny or revoke the passport of that […]

  • Why First Impressions Matter in Business Valuation Litigation

    April 26, 2018

    In a business-divorce case or marital divorce case involving a business, each side typically hires an expert to provide the court or jury with an opinion as to the value of the business. Depending on a party’s position, their expert will seek to establish as high or low a value as possible. For example, a […]

  • New Deduction for Pass-Through Entities

    January 23, 2018

    The recently enacted tax act significantly changes the way businesses will be taxed.  The tax rate for C corporations was changed from a progressive-rate system with a maximum rate of 35% to a flat rate of 21%.  Combined with a Qualified Dividend rate of 15% for many taxpayers, the combined tax rate on corporate earning […]

  • Game Over for Entertainment Deductions

    January 16, 2018

    The cost of business entertainment just got more expensive.  The good old days of deducting expenditures to entertain clients and customers has come to an end.  Under the recently enacted tax reform, no deduction is allowed with “respect to an activity generally considered to constitute entertainment, amusement or recreation.”  While portions of the current IRS […]

  • Commercial Litigation Team Shares Insight on 2017

    January 15, 2018

    Happy New Year! Our Commercial Litigation Team would like to say THANK YOU to the many accountants, financial advisors and other professionals for the confidence you show in our team by referring clients to us in the past year.  Our commercial litigation team has worked diligently to develop unique capabilities in finance, accounting, and business valuation, […]

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