2023 Year-End Checklist for Businesses

Amanda J. Dernovshek and Lindsey M. Mead

The following is a checklist of matters that businesses should address going into 2024 including:

• Meeting with tax advisors
• Preparing for the upcoming Corporate Transparency Act
• Monitoring your intellectual property
• Yearly gifts and charitable donations...

IRS Announces 2024 Cost-of-Living Adjustments for Retirement Plans and for Health and Welfare Benefit Plans

Amanda J. Dernovshek, Julie L. Hamlet and
Mindi M. Johnson

The IRS has announced the 2024 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. 

In 2023, several retirement plan related limits increased. For 2024, the IRS has recently announced the new limits, and again, there is an increase for many of the limits.

Below is a review of some important limits...

Could Michigan Highschoolers Soon Benefit from NIL Deals?

Anthony M. Dalimonte and Destiny R. Sykes

In December of 2020, the state of Michigan, following the national trend, officially passed legislation allowing college athletes to profit from their Name, Image, and Likeness (“NIL”) rights.

Soon, highschoolers in Michigan may also be able to benefit from NIL deals. As of October 19^th, 2023, the Michigan House of Representatives passed House Bill 4816, which, if approved by the Michigan Senate and signed into law by Governor Gretchen Whitmer, will effectively bar high schools and athletic associations and conferences from preventing student athletes from profiting from NIL deals...

Are You Prepared? New Video Series Exposes Potentially Devastating Legal Challenges for Young Adults & Their Families

If your 18-year-old child is badly injured in a car accident, do you have the paperwork you need to talk with doctors about their medical condition?

As the holiday season draws to its conclusion, the attorneys at Foster Swift encourage families to make this traditional time of reflection—a time for action. To empower people to take proactive steps, the firm launched an informative video series aimed at demystifying pressing legal concerns for both college students and their parents, paving the way for a safer and more informed academic journey ahead...

How Recent Ruling Will Impact Your DEI Business Initiatives

Cliff Hammond and Ray Littleton

In a case that will impact DEI (Diversity, Equity & Inclusion) initiatives throughout the American workplace, the U.S. Court of Appeals for the 11th Circuit recently blocked a venture capital fund’s effort to award $20,000 grants to Black female entrepreneurs.

How will this impact your business initiatives going forward?

In the following video, employment law attorney Cliff Hammond and litigator Ray Littleton discuss the long-term ramifications of the "Fearless Fund" ruling, along with why having legal counsel review your DEI initiatives is critical...

What Do I Do if My Business Gets Sued?

Lawsuits can affect businesses in a variety of ways. Not only can they be time-consuming, they are also disruptive to business operations, can reduce employee morale and be damaging both financially and reputationally.

Despite your best efforts to avoid this scenario, lawsuits can seemingly come out of nowhere. So what do you do should the worst happen and you are served with a lawsuit?

This following video features civil litigator Hilary Stafford as she describes the steps that must be taken when receiving a Summons and Complaint along with an overview of what to expect...