In this issue:
Lindsey M. Mead
See also Recommendations on AI and Copyrightability from the U.S. Copyright Office’s Latest Report
Corporate boards are undoubtedly being faced with AI oversight demands and the need for employee AI use regulation. Below, we discuss governance considerations corporate leadership may take into account in this ever-changing technological landscape generative AI has created...
Nicholas J. Stock II
Whether an organization can qualify as a public charity will mainly depend on its sources of funding, planned activities, and relationships to and dealings with other tax-exempt organizations. This post outlines the thresholds that determine public charity or private foundation status and why a company’s status matters...
Jennifer B. Van Regenmorter and Michael C. Zahrt
Healthcare executives are advised to consider the significance of a ruling issued in 2024 by the Internal Revenue Service (IRS) which revoked the tax-exempt status of a non-profit organization. In Private Letter Ruling* 202437007, the IRS determined that a non-profit organization had failed the “operational test” and revoked its tax-exempt status.
The entity in question had indicated no charitable activities or related expenses, leading the IRS to conclude that the organization was not operating exclusively for tax-exempt purposes.
Beware of a new scam targeting Michigan businesses and individuals. The scam uses fake mailings containing “Annual Statement Past Due” notices.
These notices arrive in plain white envelopes, bear no return address, and contain QR codes for payment of alleged past-due fees.
Michael C. Zahrt and Nicholas J. Stock II
With the passage of the One Big Beautiful Bill (OBBB), below are links to PDF summaries of notable changes to the tax code for businesses, as well as notable changes for individuals to view or share at your convenience.
Businesswomen
The first six episodes of the monthly storytelling podcast: Businesswomen Talking are available on Foster Swift’s YouTube page as well as the following landing page: fosterswift.com/f-businesswomen-talking-podcast-episodes-resources.html along with other resources.
The latest episode features special guest Emma Bostwick, Vice President of Business Attraction for the Lansing Economic Area Partnership (LEAP).
Sports Talk
All episodes of the monthly sports talk podcast are available on Foster Swift's YouTube page as well as on Spotify. Previous guests have included:
The latest episodes feature MSU football players, redshirt freshman linebacker Brady Pretzlaff and redshirt freshman offensive lineman Andrew "AJ" Dennis.
Business attorneys Amanda Dernovshek and Lindsey Mead invite you to their next quarterly in-person coffee talk session to network with other women business leaders:
This event is catered by Peculiar Coffee Co. and will also feature chocolates from Fabiano's Candies. Please email info@fosterswift.com by Wednesday, August 27 to RSVP.
Foster Swift Collins & Smith, PC welcomes back litigator, Allison M. Collins, to the firm’s Lansing office. Allison was previously with the firm from 2013-2021, starting in 2013 as a summer associate.
Allison then served the State of Texas from 2021-2025 as part of the General Litigation Division of the Texas Office of the Attorney General, rising to the rank of Deputy Division Chief. Allison defended Texas state agencies, state officials, and public universities against complex employment discrimination and constitutional claims in Texas trial courts and on appeal...
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Foster Swift Collins & Smith, PC E-Newsletters are intended for general information for our clients and friends. This newsletter highlights specific areas of law and is not legal advice. The reader should consult an attorney to determine how this information applies to any specific situation.
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