Penning Group Blog

The Penning Group blog is written and edited by the advisors and attorneys of The Penning Group, providing practical business, personal, and legal information. To view blog posts by category, choose a topic area from the sidebar menu.

Tuesday, June 23, 2015

Employees' Use of Cloud Storage

Your Business May Need an Explicit Privacy Policy

Employers are discovering that cloud storage services are a great way to access work-related data at home and on the road, and to collaborate with co-workers, especially those who work remotely.

Unfortunately, they are also a great way to make their confidential data insecure – which is why you may need a policy covering their use.

Cloud services allow users to log...

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Tuesday, June 23, 2015

Michigan Business Owners Beware of Mail Offer to Prepare Annual Corporate Minutes

Michigan law, like most states, requires corporations to prepare Annual Minutes. However, Michigan business owners should be aware of various mass mailing campaigns that contain forms that may be misconstrued as mandatory forms to be filled out and filed with the State of Michigan (see example below).

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Wednesday, May 27, 2015

 

10 Tasks, Tips and Traps for Business/Commercial Leases

 Business/commercial leases can be dangerous territory for a company or business client's legal counsel. I have encountered many requests from business clients like, "If you have a few minutes, can you look over a new lease I am thinking of entering into for new or existing leased space?" and "I don't need a complete review, just the basics."

What business clients need to understand...

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Wednesday, May 27, 2015

Don't Overestimate Legal Self-Help Sites

While legal self-help websites may be useful in some instances, there can be problems that arise in relying on legal self-help websites in the place of real expert advice. Self-help websites are not able to provide specific advice about your company and they won't be able to point out ongoing legal problems. Many business owners who try and save money by avoiding lawyers often face difficulties later.

A case in point. Recently, a...

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Wednesday, May 6, 2015

Common Estate Planning Blunders Not to Make

When it comes to checking tasks off of your financial to-do list, estate planning is probably the last item you get to, and some people don't get to it at all.

It's really not your fault. After all, many people think it’s morbid to think about preparing for death, and others often don't know where to start, so they simply don't get started.

Case in point: According to the legal services site "Rocket Lawyer," 64% of...

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