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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Saturday, April 30, 2016

Automobile accidents and catastrophic loss in Michigan — a primer

In literally a second, a life can be changed on Michigan roads. 

Automobile accidents can be simple fender benders, but can also be catastrophic collisions, permanently injuring or even killing you or a loved one. Most troubling is that it can happen at any time and to anyone, regardless of age, race, gender or socio-economic status. When an accid…

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New FLSA Overtime Rules Could Be Effective As Early As Mid-June 2016: Employers Should Take Steps to Prepare Now

On March 15, 2016, the U.S. Department of Labor (DOL) sent the proposed final overtime regulations to the Office of Management and Budget (OMB) for review, marking the final step in the process before the new regulations are published. The OMB review can take anywhere from 30 to 60 days, with an estimated publication date in April or May. Based on …

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