Client Notice: Updated Regulatory Amendments for Beneficial Ownership Reports under the Corporate Transparency Act
Previously Shinners & Cook issued a client service alert regarding the Beneficial Ownership Information Reports (BOIs) required to be filed with the Financial Crimes Enforcement Network (FinCEN). The U.S. Department of the Treasury announced on March 2, 2025, that it will not take any enforcement action against U.S. citizens and legal entities formed in
Federal Trade Commision Issues Final Rule Limiting Employee Noncompete Agreements
On April 23, 2024, the Federal Trade Commission issued a final rule to take effect in 120 days prohibiting most employee noncompete agreements. The new rule would ban almost all noncompete agreements in effect and require companies to inform current and former employees that their noncompete agreements will no longer be enforced. Exemptions under the
U.S. Department of Labor Issues Final Rule for New Overtime Exemption Salary Levels
On April 23, 2024, the U.S. Department of Labor issued a final rule updating the federal exemptions from minimum wage and overtime pay requirements for executive, administrative, and professional employees, which will partially take effect on July 1, 2024, and January 1, 2025. The first portion of the final rule takes effect July 1, 2024,
Federal Trade Commission Proposes Banning Noncompete Clauses
On January 5, 2023, the Federal Trade Commission (FTC) proposed a new rule that, if formally enacted, would ban employers nationwide from entering into noncompete agreements with new employees and would require employers to terminate existing noncompete agreements binding current or former employees. The FTC’s basis for this new proposed rule is that noncompete clauses
How to Appeal Property Taxes in Michigan
With many citizens still reeling from the economic downturn caused by the global pandemic, increased property taxes can be a huge issue for some Michigan owners and families. Depending on your situation, there may be a few options concerning your increased property tax assessment.
Shinners & Cook Hires Attorney Maxson Frederick
Shinners & Cook is pleased to introduce our newest Attorney, Max Frederick. Frederick received his bachelor’s degree from Saginaw Valley State University in Professional & Technical Writing in 2014. He earned a Juris Doctorate from Michigan State University College of Law in 2020. Aside from practicing law, Frederick enjoys cooking, traveling, and camping. Shinners &
MIOSHA Rules Relax COVID-19 Workplace Requirements and MDHHS Restrictions Lifted
On June 22, 2021, the Michigan Occupational Safety & Health Administration (MIOSHA) issued new COVID-19 Emergency Rules for workplaces. The new rules are effective immediately and supersede the previous May 24, 2021 workplace rules. Under the emergency rules, “Employers must provide employees with a place of employment that is free from recognized hazards that are
Estate Planning for Bitcoin and Cryptocurrencies
As cryptocurrencies like Bitcoin, Ethereum, Ripple, and others increase in popularity and circulation in the economy, it is important to plan for the transition of cryptocurrency in your estate plan and the tax consequences of cryptocurrency. The IRS is paying more attention to these kinds of assets. The IRS treats cryptocurrency as property and an
Real Estate Law Update: Extension of Marketable Title Act Deadlines
The Marketable Title Act, MCL 565.103 was amended by Public Act 572 of 2018 to make it easier to eliminate old use restrictions and covenants on real property in Michigan. A key component of Act 572 was that interests, claims, or charges could be preserved and kept effective by filing a notice of claim of
New CDC Eviction Moratorium
The Centers for Disease Control and Prevention, a federal Executive Branch Agency, has issued a nationwide eviction moratorium. The moratorium went into effect on September 4, 2020 and serves as an extension of sorts, to a previous Executive Order by the Trump Administration which put a moratorium on evictions for those receiving federal rent assistance.