Happy New Year! A brief Michigan Legislative Update that affects real estate investors. HB 5795 was passed into law on December 29, 2014 and given immediate effect. The law amends the redemption from foreclosure statute. MCL 600.3140. See the legislative analysis of the House Bill here Purchasing Property at (and after) Foreclosure. Under the prior language, anyone “lawfullyContinue reading “Michigan Real Estate Law Update: Investors: If you Intend to Redeem, Better Record that Deed.”
Author Archives: jeshuatlauka
Legal News Update: Lawyer’s “million-dollar challenge” was not an enforceable contract.
So a lawyer headlined in the ABAJournal yesterday because he evidently announced on national television that he would pay $1 Million to anyone who could disprove his client’s alibi. As the ABA Journal Reports it “In the interview, recorded before trial and broadcast after his client’s 2006 conviction, [the lawyer[ said the prosecution’s theory wasContinue reading “Legal News Update: Lawyer’s “million-dollar challenge” was not an enforceable contract.”
Business Law Update: It Will Be a Merry Christmas For Some Startup Non-Profits.
Christmas has come early for some small non-profits seeking federal tax exemption under the 1023-EZ Application Process. Back in September I posted on the Federal Government’s new process for a potentially quicker and more cost-effective way for small startup non-profits to gain 501(c)(3) Exemption. You can see that article here As a recap, The IRSContinue reading “Business Law Update: It Will Be a Merry Christmas For Some Startup Non-Profits.”
Detroit’s Blight Removal: Opportunity For Social Entrepreneurs to Utilize Crowdfunding?
Today’s Detroit Free Press had an article about Detroit’s blight removal campaign – see it here The article reports that through various avenues, including the Detroit Land Bank Authority: “Detroit now demolishes 200 eyesores a week,“ The article goes on to report all of the challenges ahead for Detroit, including a vast amount of blighted propertiesContinue reading “Detroit’s Blight Removal: Opportunity For Social Entrepreneurs to Utilize Crowdfunding?”
Michigan Business Law Update: Bill Presented to Gov. Aimed to Help Remove Employment Barriers
I previously reported on House Bill 5216 which would give incentives to Michigan businesses for hiring convicted felons back into the work force. Yesterday, the final Bill was passed by the legislature and was sent to the Governor for signing. See article from the Mining Journal Also, if interested in some details of the enrolledContinue reading “Michigan Business Law Update: Bill Presented to Gov. Aimed to Help Remove Employment Barriers”
Michigan Crowdfunding Law Update: Viable Tool for Social Entrepreneurs?
I had a client come in yesterday – a local restaurant owner. A startup business. – quick comment – Gotta love local start up businesses. I love their value in being an active part of a local community – their entrepreneurial spirit – willingness to take risks. – Ok – back to where I was going… One ofContinue reading “Michigan Crowdfunding Law Update: Viable Tool for Social Entrepreneurs?”
October 24th Court of Appeals Decision: The Non-Compete Lawsuit Involving 5 Hour Energy.
Happy Thanksgiving! This Case was too interesting to pass up writing about. I have posted a series on covenants not-to-compete and a friend and fellow lawyer (Eric Guerin, Varnum Law – check him out, great business/real estate litigator) sent me this recent unpublished Michigan Court of Appeals decision involving the makers of 5 Hour Energy Drink andContinue reading “October 24th Court of Appeals Decision: The Non-Compete Lawsuit Involving 5 Hour Energy.”
Business Law: Non-Competes Part III
Ok, here is my third Blog Post in so many weeks on covenants not-to-compete. If you read my last blog post on non-compete agreements, you will recall that I mentioned that non-competes are unenforceable against lawyers. You might ask the question: What happens when law firms attempt to bind their attorneys to non-competes? I’m glad youContinue reading “Business Law: Non-Competes Part III”
Business Law Update: First Jimmy Johns now ServiceMasters: Non-Competes Against Cleaning Crew?
Yes, indeed. In my previous article it was Jimmy Johns holding the sandwich delivery workers to a covenant not to compete, now its Servicemaster holding its cleaning crew. The ABAJournal reported today on the article, “Cleaning worker who got new job with $3-an-hour pay raise faces possible suit over noncompete pact” you can see itContinue reading “Business Law Update: First Jimmy Johns now ServiceMasters: Non-Competes Against Cleaning Crew?”
Latest Headlines: Fraud and Abuse in Real Estate Investment & Banking
Headline News today – Fraud and abuse in real estate and banking. Today a press release was issued from The Office of the Comptroller of the Currency (OCC) assessing $950 million in fines against three national banks for “unsafe or unsound practices related to their foreign exchange trading businesses.” You can see the press releaseContinue reading “Latest Headlines: Fraud and Abuse in Real Estate Investment & Banking”
Purpose Driven General Counsel 