Blog — Business + Corporate Services

Thursday, March 15, 2012

The Hazards of Company Credit CardsWith all the publicity of the new protections afforded consumers with the passing of the Credit CARD Act of 2009, business owners can be surprised to learn that the business credit card in their wallet is not covered by the CARD Act. Business credit cards do not fall under the protections of the Truth in Lending Act and the Credit CARD Act of 2009. This...

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Thursday, February 23, 2012

Estate Planning for Digital AssetsEstate planning for a client's digital assets is an area of law that is still fairly new. However, I have experienced increasing demand by clients for services in this area as we continue to run full speed into the digital age.

This article will briefly identify some of the issues involving digital assets and steps that you can take to protect your digital assets as part of your estate planning efforts.

What Are Digital Assets?
The two main classes of digital assets are (1) any online...

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Monday, February 20, 2012

Advisor AlertAfter much debate and political wrangling, Congress voted to extend a 2% Social Security payroll tax cut and to renew long term unemployment benefits for the rest of 2012. The tax cut effectively reduces the amount of wages withheld by your employer for payment/contribution to social security resulting in higher net income to you. It has been reported this tax cut results in an average $45.00 more in disposable income per week for an average middle class family.

Both provisions had been set to expire in two weeks, on February 29th, after having been...

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Wednesday, February 8, 2012

As you may be aware, we recently decided to start a new firm, The Penning Group. The Penning Group Advisors and AttorneysWe have two offices, one in Detroit (Farmington Hills) and another office in the Traverse City (Suttons Bay) area, serving clients across Michigan, the U.S. and abroad.
Starting today, you can visit and learn more about us at our website, www.PenningGroup.com. But before you do, we want to share a bit about The Penning Group.
Over the past few years...

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Monday, November 21, 2011

Creditors use employer garnishment errors to collect entire debt from employers
Creditors use employer garnishment errors to collect entire debt from employersEmployee wage garnishments appear to be informal and somewhat routine proceedings from the perspective of the employer. Employers are routinely sent writs of garnishment on printed forms, and employers can simply respond to writs of...

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