May 2017 – Purpose Driven General Counsel

Michigan Entrepreneurs and Small Businesses: Crowdfunding Law Update.

Last year Representative Tom Barrett introduced House resolution 235 (HR 235) “to support the (SEC)’s recent adoption of rules…to facilitate small and start-up companies’ access to capital raised through crowdfunding.” The resolution supports crowdfunding as viable tools for start-up businesses. The resolution acknowledges: “Businesses in Michigan have greatly benefited from the opportunities created by the…Michigan Invests Locally ExemptionContinue reading “Michigan Entrepreneurs and Small Businesses: Crowdfunding Law Update.”

Business Law Update: Michigan Supreme Court’s May 15, 2017 Decision on Minority Oppression

There are relatively few court opinions covering the Michigan Limited Liability Company Act. There have been even less on the issue of minority oppression claims. It has been almost 3 years since the Michigan Supreme Court issued its Opinion in the Madugula v Taub case on Michigan’s shareholder/member oppression statutes. The Madugula clarified that a claimantContinue reading “Business Law Update: Michigan Supreme Court’s May 15, 2017 Decision on Minority Oppression”

News for Residential Real Estate Investors: DOJ receives Verdict against Landlord Disability Discrimination.

Here’s a profound truth those in the real estate industry will readily acknowledge: Owning and Managing Real Estate is uniquely challenging. I hear it from my Property Owner/Manager clients. I experience it when I am involved in negotiating in landlord/tenant disputes. I believe that is why, at least in West Michigan, there is an opportunity for goodContinue reading “News for Residential Real Estate Investors: DOJ receives Verdict against Landlord Disability Discrimination.”

Michigan Business Law: Update on Work Opportunity Act – Removing Barriers to Employment for Ex-Felons.

Falling From Grace. Yesterday, I was at a CBMC Grand Rapids Luncheon and listed to Craig DeRoche tell his remarkable story of his rise to becoming the youngest House Speaker in Michigan history and abrupt fall to incarceration due to his hidden drug and alcohol addiction. Craig now uses his skills and unique life experiencesContinue reading “Michigan Business Law: Update on Work Opportunity Act – Removing Barriers to Employment for Ex-Felons.”

Real Estate Law Update: Investors Purchasing at Foreclosure – Take Care in Handling Personal Property Left at the Property.

Today I am posting about a Court of Appeals case decided on April 25, 2017 – Suzor v Kamlay Foreclosed Property = high risk/high reward. Real estate investors are always wary of the many pitfalls when purchasing property at foreclosure. I’ve previously posted on problems when someone is still occupying the Property after foreclosure. The latest case talksContinue reading “Real Estate Law Update: Investors Purchasing at Foreclosure – Take Care in Handling Personal Property Left at the Property.”