Business Succession: Estate Taxes When You Never Got Around To Planning

I’m sorry to be the bearer of bad news, but you’re dead.

 

You lived a good life, had a great family and ran a successful business. You enjoyed life to the fullest by spending every minute you had with your family, having fun or paying attention to the daily struggles and successes of your business. You don’t have many regrets, but one of the thi…

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The Back To School Shuffle

The end of August means summer is coming to an end and children will be going back to school. For divorcing families, that might mean uncertainty as to where the child/children will go to school. In most divorce situations, the parents share joint legal custody, which means that both parents have an equal voice in making the bigger decisions that i…

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SEC Adopts Equity-Based Crowdfunding Rules

In May of this year, the rules adopted by the Securities and Exchange Commission (SEC) regulating equity-based crowdfunding finally became effective. Crowdfunding is the process of raising small amounts of money from a large number of individuals. There are two main types of crowdfunding that currently exist in the market: (i) reward-based and (ii)…

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75 Years – Movies in the Park

One of the core beliefs at Smith Haughey Rice & Roegge is to be an integral part to our community; and not just one community, either. The attorneys and staff at our four offices are embedded in the Muskegon, Holland, Grand Rapids and Ann Arbor communities, and it’s an intentional focus of our firm to be involved with the people, businesses and…

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New FLSA Overtime Rules Are Published: Salary Threshold Amount and Timetable for Compliance Different Than Expected

The U.S. Department of Labor published the final overtime regulations on Tuesday, May 17. The regulations are different than anticipated in several respects, including the new salary threshold amount and the deadline for compliance. Although the changes are less drastic than expected, they are still significant. The exempt status of millions of wor…

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