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Should You Sell Your Business to Your Employees?
July 31, 2017
The sale of a business to its employees can be both rewarding and challenging for a business owner. On one hand, this type of sale is an opportunity to transition the company to people who are an integral part of the operation, which can help ensure a smooth transition. On the other hand, the employees […]
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Live to File Another Day
July 11, 2017
Michigan Supreme Court Addresses Significance of Notice of Intent Service Date to the Tolling of the Statute of Limitations in Medical Malpractice Actions On June 27, 2017, the Michigan Supreme Court released its opinion in Haksluoto v Mt. Clemens Regional Med Cntr addressing the significance of the date of service of a notice of intent […]
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M&A Market Shift Ahead?
June 13, 2017
“I’ve seen very good, credible, financeable buyers out there that are having a hard time finding good businesses.”
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Selling Your Business to a Family Member
June 12, 2017
Business owners can spend decades building the value of their business with the intention of one day transitioning that business to a family member. There are a number of key considerations to evaluate when planning the sale of your business to the next generation. First, you can never start planning too early. There are many […]
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Resetting the Table
June 8, 2017
The Removal of Uninvited Guests In October 2016, we informed you of two Obama-era Department of Labor Guidance Memos (2015 and 2016) which opened up many employers to a host of employment issues for individuals hired as independent contractors or under some degree of contractual control. We suggested, only partially tongue-in-cheek, that employers should consider […]
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Reduce Risk with a Cybersecurity Policy
June 6, 2017
(June 6, 2017) As cyberattacks become increasingly common, businesses are confronting risks previously only seen in works of fiction. Cybercriminals steal users’ identities, make fraudulent purchases, and disrupt everything from travel to essential emergency services. With this in mind, New York recently became the first state to impose minimum cybersecurity standards on financial services companies. […]
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Rhoades McKee’s Commercial Litigation Work Ranked by Chambers and Partners
May 31, 2017
(May 31, 2017) Rhoades McKee’s Commercial Litigation Team is once again ranked for their representative work in the past year, included among ten other Michigan firms and as one of the top groups headquartered in Grand Rapids. Ranking the best lawyers since 1990, Chambers and Partners employs 150 full-time editors and researchers to evaluate law […]
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Rhoades McKee Welcomes Summer Associates
May 24, 2017
(May 24, 2017) Rhoades McKee is pleased to announce that Jacob Walson and Dante Wen have joined the firm as summer associates. While at Rhoades McKee, they will have the opportunity to work on multiple projects in over 25 practice areas as well as observe hearings, client mediations and trials. Walson currently attends University of […]
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Court Sets Timer on Oppression Claims
May 22, 2017
(May 23, 2017) The managing member of a limited liability company makes a decision that unfairly impacts the minority members’ interest in the business, but does not have an immediate economic impact. Rather, the economic impact does not occur until several years later, when the LLC is sold and the proceeds of the sale are […]
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Small Business M&A Requires Patience and Financial Savvy
May 14, 2017
“Oftentimes, getting finance deals for small business deals can be more challenging than for larger businesses”
