06 January 2015

Dealing With a Troubled Customer Relationship? Get Adequate Assurance of Future Performance

Extended credit terms have become a more commonplace means of obtaining a competitive advantage in the marketplace. Although you may need to agree to these extended terms in order to get the business, this can often be a scary proposition. In these situations, the circumstances can arise where, although the customer is still paying within […]

06 January 2015

Keeping the Family in Family Owned Business

Family owned businesses are a key driving force in the United States’ economy contributing more than 50 percent of the gross domestic product. It’s easy to name some of the prominent family owned businesses founded in West Michigan. These businesses provide founding families with opportunities for gainful employment, leadership opportunities, and a sense of pride […]

06 January 2015

Miller Johnson Proud to Participate in Grand Bargain

A major component of the well-documented global settlement in the City of Detroit Chapter 9 proceeding has come to be known as the “Grand Bargain.” The Grand Bargain was a mediated settlement of a number of outstanding core matters in the Chapter 9 proceeding and is comprised of the Detroit Institute of Arts (DIA) Settlement, […]

06 January 2015

Priority Read – Business Law Update Winter 2015

West Michigan is home to many family owned businesses that often face challenges with succession planning. We work with many of them and offer an article with considerations on how maintain the viability of the family business. Next, if your business has concerns about a customer’s ability to pay, you will want to read the article about how adequate assurance can be a useful tool for you. Also, you may not have heard of FIRPTA but if you are considering buying real estate from a foreigner, you should read this article. We are honored to share news about our role in the Grand Bargain settlement in Detroit’s bankruptcy and announce our top rankings in the US News & World Report Best Law Firms. You can learn about the four new attorneys as well as two attorneys who retired. Additional features include workshops and news announcements

05 January 2015

Estate Planning Outlook: 2015

The American Taxpayer Relief Act of 2012 (the “Tax Act”) made important changes to the federal estate tax, generational skipping tax and gift tax rules.  These included (1) the reunification of the estate and gift tax regimes, (2) the $5 million estate, gift and generation-skipping transfer (“GST”) tax exemptions, as increased for inflation, and (3) […]