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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Final 2015 ACA Reporting Forms and Instructions Released

Today the IRS released the much anticipated final 2015 forms and instructions for Code Sections 6055 and 6056 reporting. Click on the links below to access these final forms and instructions: 

1094-B and 1095-B instructions 
1094-C and 1095-C instructions 

We will follow up with additional detail on these final Affordabl…

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Will You Play or Pay in Your Next Deal?

Considerations Under the Employer Mandate and ACA Information Reporting for Employers Involved in Corporate Transactions
With some companies becoming subject to the Affordable Care Act’s (ACA) employer mandate and new reporting requirements for the first time in 2015, corporate transactions, such as a merger or acquisition, will now require add…

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