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…
Read more
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 …
Read more
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…
Read more
Updated IRS Guidance on ACA Reporting: Draft 2015 Forms and Instructions Released by IRS
The IRS recently issued draft 2015 Forms
1094-B,
1095-B,
1094-C, and
1095-C. Along with these forms, the IRS issued draft 2015 instructions for completing these forms (which can be accessed
here and
here). Smith Haughey also previously issued a client alert on the 2014 final forms, which can be found
here. The draft instructions and forms are simil…
