Business Law Update: A Booming Downtown Real Estate Market Means Businesses Should Pay Careful attention to Contracts.

Happy Tuesday, all. I took this photo yesterday from the skywalk between the Amway Grand Plaza and the DeVos Place Convention Center. I like walking downtown and watching the development unfold. It is an exciting time to be working or living in downtown Grand Rapids. Everywhere you look, real estate development is transforming the town. CheckContinue reading “Business Law Update: A Booming Downtown Real Estate Market Means Businesses Should Pay Careful attention to Contracts.”

Business Law Update: Michigan Bill Would Prohibit Non-Disparagement Clauses with Consumers.

I’m not going to sugar coat it – it is a gray day in downtown Grand Rapids. I had lunch with a friend today, who told me – he can’t stand it when in response to the question “how are you doing” someone gives a pat answer – “good”.   I agree. I appreciate authenticity.Continue reading “Business Law Update: Michigan Bill Would Prohibit Non-Disparagement Clauses with Consumers.”

Business Law Update: Michigan LLCs Filing with LARA: Pardon the Delays and Thank you for your Patience.

Happy Thursday, all! I took this photo earlier today – the sun is out in downtown Grand Rapids, Michigan and people are enjoying  the ice rink at Rosa Parks Circle. Last week I posted about an update I received from the Michigan Department of Licensing and Regulatory Affairs (“LARA”) extending the deadline to file annual statements andContinue reading “Business Law Update: Michigan LLCs Filing with LARA: Pardon the Delays and Thank you for your Patience.”

Michigan Limited Liability Companies: LARA extends 2018 Annual Statement Filing Deadline to March 1. Stay in Good Standing and Maintain your Corporate Formalities.

It is the middle of the dreary season – February 15th. Not too long and I, like many folks in West Michigan with school-aged kids will be heading to Florida for Spring Break. This is a photo I took last year – sunnier days ahead. Anyway, on to the point of this post:   Today IContinue reading “Michigan Limited Liability Companies: LARA extends 2018 Annual Statement Filing Deadline to March 1. Stay in Good Standing and Maintain your Corporate Formalities.”

Business Law Basics: A 5 Million Dollar Comma

Today in downtown Grand Rapids is the “World of Winter Festival” where Downtown Grand Rapids, Inc.  provides a “Snow Globe” experience. Very colorful.  A lot of fun downtown.     Today I read an article posted by the ABAJournal that illustrates the profound impact on word and grammar usage in contracts and legislation. As the ABAJournal reported: “A dairyContinue reading “Business Law Basics: A 5 Million Dollar Comma”

Business Law Update: Recent Court Case On Sour Business Relationships and Arbitration Clauses

Good afternoon, all! The sun was beautiful this morning rising over downtown Grand Rapids.   Today I read a recent unpublished Court of Appeals decision that originated out of Kalamazoo County, Michigan – The case: Elluru v Great Lakes Plastic, Reconstructive, and Hand Surgery PC   A summary of the Facts: Plaintiff Elluru and defendantContinue reading “Business Law Update: Recent Court Case On Sour Business Relationships and Arbitration Clauses”

Business Law Update: Lessons From Court on Deadlock Between Business Owners.

This morning was rainy and gray in Grand Rapids. It is one of those days that prompted me to write on a topic that can be downright depressing – when relationships between shareholders go bad. I had a client come in recently and ask me to set up an LLC for him. Client planned onContinue reading “Business Law Update: Lessons From Court on Deadlock Between Business Owners.”

Business Law Update: Key Terms to Consider in Business Contracts.

If you’ve followed my posts for any amount of time, you probably aren’t surprised that I  like reading and writing about the latest Michigan court cases. Particularly if they are relevant to business or real estate. I always find there are some lessons to be learned. As another aside – I also like to includeContinue reading “Business Law Update: Key Terms to Consider in Business Contracts.”

Business Law Update: You have Terms and Conditions, but are they CONSPICUOUS?

Business Owners – ask yourself: When selling or buying, what are in my company’s Terms and Conditions? You can check out some of my prior posts on Terms and Conditions. “TnCs” are important to review closely. TnCs “allocate risk” among the two parties to the contract. In some instances, even if one party never reads theContinue reading “Business Law Update: You have Terms and Conditions, but are they CONSPICUOUS?”

Recent Court Case Provides Good Lessons For Real Estate Investors.

Its Wednesday and I wanted to share a court of appeals case that came out on September 15th. Case: Key Bank v Lake Villa Oxford Assoc, et. al. Lesson: be careful when drafting “personal guarantees” I’ve written in the past about personal guarantees. This particular case involved a real estate development gone bad. Defendant, developer,Continue reading “Recent Court Case Provides Good Lessons For Real Estate Investors.”