“Hard Cap” Dollar Limits for Contributions to Medical Plans for Michigan Public Employers

Public Act 152 limits the amount that a public employer can contribute for employee medical benefit plans. PA 152 provides that public employers may elect a “hard cap,” pay no more than 80% of the total amount of annual medical costs, or elect to exempt itself from the requirements under PA 152.   For public employers that elected the “hard cap” do…

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Produce Farmers Subject to New FDA Produce Safety Rule

On November 13, the U.S. Food and Drug Administration issued food safety rules which, for the first time, apply to produce farms. The new rules, known as the Produce Safety Rule provide for
 
  • regulation, testing and oversight of produce farms’ water quality
  • labeling and record retention
  • soil amendment and harvesting
  • the exposure of crops t…

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Choosing the Right Entity: C-Corporations vs. S-Corporations

A few months ago we discussed some of the benefits and drawbacks associated with forming a business as a corporation. Generally, the corporation structure is ideal for larger businesses with high numbers of shareholders or startup companies that are anticipating obtaining funding from traditional private equity sources (or possibly going public dow…

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Crowdfunding in Michigan

On December 30, 2013, Governor Rick Snyder signed Public Act 264 into law (MCL 451.2202a), thereby enacting the Michigan Invests Locally Exemption Act or MILE Act. The Mile Act established an intrastate registration exemption for crowdfunding in the state of Michigan. In enacting this legislation, the legislature intended to make it easier for star…

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Power of Attorney: What you need to know to enjoy your time away

It’s everyone’s favorite time of the year: the school year! The kids are back in the swing of things and, as a result, you’re ready to start planning a kids-free getaway. But before you send the children off for a fun-filled vacation at Grandma’s or leave them with a family friend while you enjoy a relaxing getaway, there is one essential document …

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