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ARE YOU EXPECTING PAYMENTS UNDER A LEASE, LAND CONTRACT, OR PROMISSORY NOTE? IT MAY BE TIME TO DUST OFF THOSE DOCUMENTS AND CALL A LAWYER

It is the start of a new month, and uncertainty permeates the economy. Most, if not all businesses, are shuttered, employees laid off or working in a diminished capacity, orders are down, and there is no end in sight. As a business owner, cash flow is understandably on your mind. While the Small Business Administration and affiliated lenders are gearing up to provide short-term relief through payroll loans, it may be weeks before the applications are processed and actual cash is deposited into bank accounts.

Are You Expecting Payments Under A Lease, Land Contract, Or Promissory Note? It May Be Time To Dust Off Those Documents And Call A Lawyer

Dan V. Artaev, Esq.

It is the start of a new month, and uncertainty permeates the economy. Most, if not all businesses, are shuttered, employees laid off or working in a diminished capacity, orders are down, and there is no end in sight. As a business owner, cash flow is understandably on your mind. While the Small Business Administration and affiliated lenders are gearing up to provide short-term relief through payroll loans, it may be weeks before the applications are processed and actual cash is deposited into bank accounts.

When in Doubt, Get it Out: The Michigan Supreme Court's Administrative Order 2020-3 Does Not Establish a "Tolling" Period For Responsive Pleadings and Motions

Christopher S. Frescoln, Esq.

The Michigan Supreme Court issued Administrative Order 2020-3 ("AO 2020-3") on March 23, 2020. AO 2020-3 extends the deadlines for filing certain initial responsive pleadings and motions in circuit court and probate court for litigants who would otherwise be required to file during the state of emergency declared by Governor Whitmer on March 10, 2020. I have seen multiple articles and blogs published in Michigan over the last week that erroneously refer to the relief granted under AO 2020-3 as a "tolling" period. By its terms AO 2020-3 does not establish a "tolling" period. It merely extends the applicable deadline for filing to the first day after the state of emergency is lifted that is not a Saturday, Sunday, legal holiday, or day on which the court is closed pursuant to court order.

Former NHL Star Fired from NBC After Sexual Comments About Co-Workers

Former NHL player Jeremy Roenick will not return to NBC Sports, he confirmed last month via Twitter. Roenick played 20 seasons in the NHL before joining NBC Sports as an analyst. On December 23rd, he was suspended without pay for inappropriate comments made about coworkers while appearing as a guest on the popular Barstool Sports podcast, "Spittin Chiclets."

Fausone Bohn Recently Assisted in IRS Approval for Family Foundation

Attorneys Brandon Grysko and Jim Fausone recently assisted a high net worth client in establishing a tax-exempt family foundation, meaning the foundation is exempt from Federal Income Tax, under Internal Revenue Code Section 501(c)(3). In order to qualify under Section 501(c)(3), an organization must be organized and operated exclusively for charitable-type purposes.

The SECURE Act

On December 20, 2019 President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which went into effect on January 1, 2020. This Act is intended to strengthen retirement security throughout the country. If you have a qualified retirement plan at work or an IRA, this law will most likely effect you and your beneficiaries.

Former Fastenal Employee Fired Over Tweet

Hussien Mehaidli, a former Fastenal branch manager in Canada, was fired just before the New Year because he complained on social media about the company's holiday gift - a grill scraper and barbecue sauce. The former employee tweeted "What kind of multi-billion company gifts its Canadian employees barbeque sauce as a holiday gift? Yet the USA employees stuff their face with an actual holiday giftbox?"

New Year's Resolution: Dust off that Estate Plan

Dust Off Estate Plan.pngBreeda K. O'Leary, Esq.

As the words from "Auld Lang Syne" echo in your head and you adjust to writing "2020," you should also use the New Year's Holiday as a reminder to dust off and review your Estate Plan. Here's a countdown of the six things that can you can do right now to ensure that your Estate Plan works for you:

Don't Ring in the New Year with an OWI

New Year Champagne.jpgMark Mandell, Esq.

Thousands of people will head out on New Year's Eve to celebrate ringing in the New Year. Police officers will be out in full force looking for any signs that someone may be driving under the influence. No one wants to begin the new year with an Operating While Intoxicated (OWI) charge.

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