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A Call to Serve, a Call to Lead

I was reviewing the headlines of the latest edition of the Non Profit Quarterly when I came across this headline: NPQ’s Comment Roundup: On Younger Leaders, from the Perspective of Older Leaders . You can check out the article here This article addresses an issue that I’ve observed over the last 7 years… I’ve seen this to some degreeContinue reading “A Call to Serve, a Call to Lead”

Social Entrepreneurs and Small Businesses – Update on Intrastate Crowdfunding

A recent Detroit Free Press article highlights the success of Tecumseh Brewing Co, the first business in Michigan to utilize Michigan’s intrastate crowdfunding exemption to securities registration, commonly referred to as the MILE Act. Crowdfunding: Potential for Start-up Businesses. As the Free Press article explains, The story of Tecumseh Brewing Co highlights why equity crowdfunding isContinue reading “Social Entrepreneurs and Small Businesses – Update on Intrastate Crowdfunding”

New Michigan Bill: Investment Property Owners Should Keep Track of this “Bed Bug Bill”

Last Thursday a class action case against a Real Estate Owner reached a settlement involving payment of over $2 Million to 100 tenants – ABAJournal reports that story here One of the primary complaints was that “the 26-unit building had a massive cockroach infestation.” Infestations are an issue for every property manager or owner ofContinue reading “New Michigan Bill: Investment Property Owners Should Keep Track of this “Bed Bug Bill””

Business Case Law Update: Personal Guaranty…a “Special Kind of Contract”

Over the last few years I’ve posted a few articles on Personal Guarantees in a business transaction. I’ve noticed recently people coming across my articles while searching for “enforceability of a personal guarantee” – so this article, and the new case law I just reviewed is timely. To summarize – Yes – a personal guarantyContinue reading “Business Case Law Update: Personal Guaranty…a “Special Kind of Contract””

Grand Rapids Church Lawsuit and Messy Church Property Law

Happy Friday! I’ve previously posted articles about the messy nature of Church Property Law – who owns the church property in disputes? You can review a previous article for some of the legal considerations under Michigan law here Different jurisdictions come out with different rules. Michigan does things a little differently than most of theContinue reading “Grand Rapids Church Lawsuit and Messy Church Property Law”

Deutsche Bank’s Subsidiary Pleads Guilty

More news on big banks…. The DOJ entered into a settlement agreement with Deutsche Bank subsidiary – check out the press release here The headline is: “DEUTSCHE BANK’S LONDON SUBSIDIARY AGREES TO PLEAD GUILTY IN CONNECTION WITH LONG-RUNNING MANIPULATION OF LIBOR” Yeah, that is pretty bad news… According to the Press Release: “Deutsche Bank enteredContinue reading “Deutsche Bank’s Subsidiary Pleads Guilty”

Update on Michigan Intrastate Equity Crowdfunding (MILE Act)

A quick update on Michigan’s MILE Act – Intrastate Equity Crowdfunding…. I have written about previously that the State of Michigan has been slow to propose and implement rules to provide guidance on the practical application of Intrastate Crowdfunding. Today, Michigan’s Department of Licensing and Regulatory Affairs (LARA) issued a posting on its website: “LARA OffersContinue reading “Update on Michigan Intrastate Equity Crowdfunding (MILE Act)”

Michigan Business Update for Social Entrepreneurs and Business Owners

Happy Monday, all! A quick update – I recently posted on social entrepreneurship and crowdfunding in Michigan. Check that post here. By way of update, Today, the Michigan Economic Development Corporation (MEDC) posted a press release about a crowdfunding campaign launched by a Ypsilanti non-profit – “Cultivate Coffee and Tap House.” As I’ve mentioned in aContinue reading “Michigan Business Update for Social Entrepreneurs and Business Owners”