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Greetings!
Happy New Year! As 2014 is ushered in, we turn to New Year's resolutions and invite you to do what our tag line suggests:
START A RESOLUTION
 Make a Resolution for your personal health. Make a Resolution for your company's legal health. We're dedicated to helping our clients achieve Resolutions which will help make 2014 great year for them and their businesses. Cheers!
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Have You Done a Legal Checkup for Your Business?
 If you haven't done a legal checkup for your business recently, now is the time. We can help your business achieve statutory compliance with requirements such as meetings and resolutions, as well as assessments of other statutory obligations. Even if your business is humming along without any problems, it's always good to know that there are not unrealized threats placing your company at risk. Just like in medicine, most serious conditions are treatable, if not all together avoidable. The key is early detection. Unsure how "fit" your business is? Contact Mark Snitchler to discuss. The assessment is free.
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Florida's New LLC Act Now In Effect
If you have a Florida Limited Liability Company, plan to start one or do business with one, the Florida Revised Limited Liability Company Act may affect you. The Revised Act became effective January 1, 2014, and applies to all LLCs started after that date. It will apply to all previously formed LLCs beginning in 2015 to allow them to review their existing operating agreements for compliance. Among the changes: creditors may now be able to enforce members' obligations to make capital contributions to an LLC; all members of an LLC automatically have a duty not to compete with the company unless it is waived through the LLC's operating agreement. Contact Eric Parzianello with any questions on how the Revised Act may affect you.
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Will Obamacare Affect Divorce Judgments?
With the passage of the Affordable Care Act, health care costs are destined to rise significantly; indeed, for individual plans, premium costs may double. Divorced spouses under the ACA will have the option to purchase an individual plan through the health insurance exchange or even to remain uninsured and pay the resulting penalty.
In Michigan, many Uniform Child Support Orders and Judgments of Divorce or Custody contain a provision stating that one parent will provide health insurance for any minor children at a "reasonable" cost. A question for the Michigan Courts and Friends of the Court is whether dramatic increases in premiums will lead to a different division of health care costs between those subject to divorce judgments. If you or your business contacts may be affected, contact Gavin Fleming to discuss.
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It's A Great Time To Be In Detroit!
Even in the months since incoming Mayor Mike Duggan's visit to our office in April, we continue to be amazed at the resurgence of the downtown area. As John Hubbard said in an article in Michigan Lawyers Weekly, there is a tremendous opportunity for business owners who want to be part of the city's rebirth. We look forward to continued growth with the new administration in 2014!
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