Blog — Business + Corporate Services

Monday, November 22, 2010

 

Dan A. Penning Successfully Defends Appeal with Michigan Court of AppealsRecent oral arguments presented by attorney Dan A. Penning, before a Michigan Court of Appeals panel of judges, resulted in a unanimous 3-0 vote in which the Appeals judges upheld the trial court’s decision dismissing the case.

Penning argued in support of a Circuit Court’s decision dismissing a...

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Monday, November 8, 2010

The Perils of Internet Searches Using the Names of Job Applicants

Exposure to Liability
Many employers, in the interest of finding information about applicants or current employees, periodically or routinely conduct internet searches with the name of the person about whom the company desires more information. Many employers discover positive information about the applicant that was not evident on the applicant's resume and application; however, employers also happen upon other valuable information as well, that indicates an applicant's...

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Saturday, August 14, 2010

At the end of July, a federal court in New York issued a decision that put a high price on "open-source" or "free" software. Companies are looking more and more closely at ways to cut expenses, and using open-source software is one way to take advantage of software licensing without purchasing software. Open-source software, however, does not fall outside the bounds of copyright law. Contrary to conventional wisdom, it is not in the public domain.

CostThe software involved in the New York case is titled BusyBox. It is described as a series of small utility-type programs that...

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Sunday, July 4, 2010

Proposed "Carried Interest" Tax Purports to Soak Wall Street But Hits Family Businesses

Proposed Carried Interest Tax Hits Beyond Wall StreetFor the time being, the Senate has again abandoned efforts to impose a "carried interest tax" on venture capitalists, investors, and managers of family businesses. The tax would have increased the 15% capital gains tax rate on certain investors' profits to the top income tax rate, which is scheduled to hit 39.6% on January 1st (H.R. 4213). The share of investors' profits is called "carried interest." It might appear at first...

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Monday, May 24, 2010

Business Succession Plan for moving beyond buy-sell agreements for the closely held businessA large portion of the businesses in the United States are closely held companies, and many of the closely held companies are family owned enterprises. The long term perpetuation of the family business is a common and laudable goal of most founders. Developing strategic and successful transitions to subsequent generations largely centers on who will control the company and whether the control will be concentrated in one family member or a small group of family members, or if the...

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