Just recently the United States House of Representative passed the Environmental, Social, and Governance (ESG) Disclosure Simplification Act of 2021, which is an effort put forth by the Biden Administration to require more transparent operations of businesses. More specifically, this Act requires business entities to provide certain details to the public regarding the economic and… [Continue Reading]
Mergers and Acquisitions During the COVID-19 Pandemic
The COVID-19 pandemic has had an impact on many businesses and their operations, especially within the realm of mergers and acquisitions. When engaging in a merger or acquisition during the pandemic it is important to understand certain unique issues that may affect the transaction. We hope this ‘Resnick Law Monthly Tip’ will help to better… [Continue Reading]
Making the Most of New Pandemic Tax Credits for Businesses
Employers across all industry verticals have been hit hard by the COVID-19 pandemic. As a result, companies should do their most to take advantage of the various pandemic tax credits that have been made available during these strenuous times. It can also help to hire a knowledgeable corporate law attorney who can make the most… [Continue Reading]
Common Partner Disputes and How to Resolve Them
Going into business with a partner is one of the best ways to operate. Many companies have flourished because the old adage that two heads are better than one often turns out to be true. Unfortunately, even in the strongest partnerships, disputes are known to occur. With the COVID-19 pandemic and the many challenges facing… [Continue Reading]
Steps Business Owners can Take to Reduce COVID-19 Liability
Whether it is a bank, sporting goods store, or restaurant, Michigan businesses face increased liability claims during the COVID-19 pandemic from customers who claim to have been exposed during their time there. Concerns about liability have additionally raised the questions of whether businesses have an increased duty of care to customers as well as what… [Continue Reading]
Five Common Social Media Mistakes Businesses Should Avoid
Many companies view social media as an integral way to advertise to customers. If used incorrectly, however, social media can create substantial business problems. As various federal and state regulations are created to control social media, however, more people are becoming aware of the ramifications of improper social media usage. The following are some of… [Continue Reading]
What Michigan Business Owners Should Know About the CCPA
In January 2020, the California Consumer Privacy Act (CCPA) became the first act of its kind to force substantial changes in how businesses handle consumers’ personal data. Estimates suggest that the CCPA will impact approximately 50,000 businesses throughout the country, ranging from small start-ups to major companies. While the law is directed toward companies that… [Continue Reading]
Four Things to Include in an Investor Agreement
Anyone who has seen the TV show Shark Tank understands that securing investors is often an important part of growing a company. To both maintain and protect your relationship with investors, your investor agreements must be carefully constructed. The best-written investor agreements often include several terms that help create peace of mind that an investment… [Continue Reading]
Writing a Strong Liquidated Damages Clause
If you write a bad one, your liquidated damages clause can leave you at an increased risk of facing litigation. After all, consider the important role that these clauses play in business contracts. Buyers and sellers enter into agreements to avoid any disputes over the amount of damages or mitigation. While business owners often understand… [Continue Reading]
Critical Steps to Take Before Signing a Commercial Lease
Signing a commercial lease is not a decision that should be made in a rush. One of the largest costs for many business owners is commercial real estate rental. As is the case with most contracts, a business owner who enters a commercial lease contract without considering all of the available options might end up… [Continue Reading]
