Publications

  • New Regulations for Michigan Medical Marijuana Businesses Put Applicants on FBI’s Radar

    August 1, 2017

    (August 1, 2017) Last month, Michigan’s Governor, Rick Snyder, signed into law new amendments to the Michigan Medical Marijuana Facilities Licensing Act (the “MMFLA”) which once again highlights significant differences between state and federal laws pertaining to the use and regulation of medical marijuana. The new law could also force those who wish to legally […]

  • Should You Sell Your Business to Your Employees?

    July 31, 2017

    The sale of a business to its employees can be both rewarding and challenging for a business owner. On one hand, this type of sale is an opportunity to transition the company to people who are an integral part of the operation, which can help ensure a smooth transition. On the other hand, the employees […]

  • Live to File Another Day

    July 11, 2017

    Michigan Supreme Court Addresses Significance of Notice of Intent Service Date to the Tolling of the Statute of Limitations in Medical Malpractice Actions On June 27, 2017, the Michigan Supreme Court released its opinion in Haksluoto v Mt. Clemens Regional Med Cntr addressing the significance of the date of service of a notice of intent […]

  • Selling Your Business to a Family Member

    June 12, 2017

    Business owners can spend decades building the value of their business with the intention of one day transitioning that business to a family member. There are a number of key considerations to evaluate when planning the sale of your business to the next generation. First, you can never start planning too early. There are many […]

  • Resetting the Table

    June 8, 2017

    The Removal of Uninvited Guests In October 2016, we informed you of two Obama-era Department of Labor Guidance Memos (2015 and 2016) which opened up many employers to a host of employment issues for individuals hired as independent contractors or under some degree of contractual control.  We suggested, only partially tongue-in-cheek, that employers should consider […]

  • Reduce Risk with a Cybersecurity Policy

    June 6, 2017

    (June 6, 2017) As cyberattacks become increasingly common, businesses are confronting risks previously only seen in works of fiction. Cybercriminals steal users’ identities, make fraudulent purchases, and disrupt everything from travel to essential emergency services. With this in mind, New York recently became the first state to impose minimum cybersecurity standards on financial services companies. […]

  • Court Sets Timer on Oppression Claims

    May 22, 2017

    (May 23, 2017) The managing member of a limited liability company makes a decision that unfairly impacts the minority members’ interest in the business, but does not have an immediate economic impact. Rather, the economic impact does not occur until several years later, when the LLC is sold and the proceeds of the sale are […]

  • Should I Sell My Business to Private Equity?

    May 15, 2017

    Business buyers come in all shapes and sizes.  A private equity (PE) group may be a better fit than an individual, family office, management team or family members, depending on the seller’s key goals. Generally, PEs are well capitalized and often can pay a higher multiple than a non-PE financial buyer.  For sellers who seek […]

  • Recent Ruling Clarifies Possession for Medical Marijuana Caregivers

    May 8, 2017

    (May 9, 2017) The air just got a little clearer for medical marijuana caregivers when it comes to determining how much of the drug they can keep on hand for patients. The Michigan Court of Appeals, in People v. Manuel, ruled that it’s the “dried” weight, not the “drying” weight, that counts when determining whether […]

  • Selling Your Business to a Strategic Buyer

    April 17, 2017

    The sale of a business to a strategic buyer is very different from a sale to a private equity firm or a financial buyer. The latter two types of buyers are usually looking to acquire a target business for the purpose of building in certain efficiencies or investing in the company for growth and then […]

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