Business

Due Diligence in Mergers & Acquisitions: Wage-and-Hour Liability Can Pass to Successor Businesses

Liability for wage-and-hour violations under federal employment laws may flow through to a successor business entity, even if a transaction is structured as an asset sale, rather than a stock sale.

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Too Good to be True? Common Pitfalls in Commercial Real Estate Purchases

For business owners, expanding or moving operations can be fraught with a variety of costs and commissions. In the interest of saving money in the short term, it may be tempting to forego hiring an attorney to advise on the transaction. But don’t give in; hiring an attorney just might save you money in the long run. Whether you go with legal counsel or not, keep an eye out for these pitfalls.

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IRS Gives the O.K. to Offer Lump-Sum Pension Buyouts

Employers and retirees should check with their trusted advisors to determine whether a lump-sum pension buyout would be advantageous.

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Maintaining a Drug-Free Workplace

In 1988, Congress passed the Drug Free Workplace Act, which requires organizations that are awarded federal grants and contracts to establish certain drug-related policies. With the recent legalization or marijuana in Michigan, it is a good time to review those requirements. Although legal in Michigan, marijuana remains illegal under federal law.

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