In this issue:
On May 30, 2019, Governor Gretchen Whitmer signed a bill that dramatically reformed the No Fault Act. The legislation made sweeping changes to laws that had existed for decades.
The reforms may raise questions for employees driving vehicles owned by their employers. Here are answers to some of the questions you may have...
Dirk H. Beckwith
Most of the time all goes well on the road but accidents do happen and when they do, you need to be prepared. Whether operating heavy farm equipment or driving your pickup truck, these ten tips are good advice to abide by if you get in an accident.
In order to remember all that needs to be done at that stressful moment, it helps to keep an accident report kit in your truck. A kit generally includes...
Allison M. Collins and Mariah Silverstein (Summer Associate)
From a debate over the word “from,” the United States Supreme Court recently held in County of Maui v. Hawaii Wildlife Fund that the Clean Water Act’s permitting requirements apply to pollutant discharges that enter groundwater and eventually make their way to a Water of the United States under certain circumstances...
Amanda J. Dernovshek and Taylor A. Gast
The CARES Act created the Employee Retention Tax Credit (“ERTC”), which is designed to provide financial relief to employers during the COVID-19 pandemic. The ERTC is a refundable tax credit that is credited against an employer’s share of social security taxes for specific wages paid on or after March 12, 2020 and before January 1, 2021.
While many businesses have focused on the Paycheck Protection Program’s loan offering due to its attractive loan forgiveness feature, many businesses are ineligible or have been otherwise unable to receive PPP loan funds. The ERTC is an attractive alternative for companies not participating in the PPP...
Taylor A. Gast, Cody A. Mott and Caroline N. Renner
The Main Street Lending Program was established under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to assist small and medium-sized businesses who were in a sound financial position prior to the COVID-19 pandemic and are now facing financial strain due to the disruption of economic activity.
While many businesses have focused on the Paycheck Protection Program’s loan offerings due to its attractive loan forgiveness feature, many businesses are ineligible or have been otherwise unable to receive PPP loan funds. The Main Street Lending options could be an alternative for companies still interested in obtaining a loan...
During these difficult times, the Foster Swift law firm has been consistently updating a resource page relevant to the current pandemic and its impact on Michigan's small businesses, financial institutions, municipalities and other entities. This resource page is dedicated to providing attorney-written articles and recorded podcasts/webinars, along with other online resources relevant to Coronavirus/COVID-19 and its impact on numerous aspects of professional life.
Please note that while the articles on the resource page were accurate at the time of their publishing, due to constantly evolving COVID-19 laws and regulations, please consult your attorney and/or advisor to make sure you have the most current information available before taking action.
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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