In this issue:
Julie I. Fershtman
Owners and operators of farms that offer certain agritourism activities to the public, such as petting zoos, corn mazes, and horse-drawn hay or sleigh rides, sometimes assume that liability waivers or releases are not worth their attention. Many operators fall prey to common myths surrounding these documents. Let’s explore some of these myths and dispel each one...
Michael C. Zahrt
A survey conducted by the Family Firm Institute indicated that the majority of small business owners want their business to transfer to the next generation. However, 70 percent of family businesses do not survive into the second generation, and 90 percent do not survive into the third generation.
No secret recipe guarantees your business will last for generations to come. Communication with family members about your business goals, philosophy, and succession plans with family members is critical...
Scott A. Chernich
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), a $2 trillion economic stimulus package passed in response to the COVID-19 pandemic, was signed into law. The CARES Act provides various forms of federal economic support to businesses, employees, individuals and families, including specific relief for agricultural producers...
During these frightening and difficult times, sites such as MDARD and Michigan Farm Bureau have provided resource pages relevant to the COVID-19 pandemic and its impact on Michigan's agricultural community. Foster Swift has also been consistently updating a resource page dedicated to providing articles and online resources relevant to Coronavirus/COVID-19 and its impact on numerous aspects of professional life including updates to employment law and international exporting...
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