by W. Jay Brown | Jan 2, 2017 | Business Law
I see the ruins of a failed small business multiples times a year when either the seller or buyer is in my office looking for help picking up the pieces. The common characteristics are seller financing, few hard assets (ie – no real estate), and a business...
by W. Jay Brown | Jan 31, 2011 | Business Law, Commercial Law, Litigation
The statutory money judgment interest rate in Michigan is at a new low – – 2.553% as of January 1, 2011. With this paltry statutory rate, the inquiry of the applicable judgment interest rate takes on added importance. If you are defending a judgment...
by W. Jay Brown | Dec 1, 2010 | Business Law, Construction Law
Recently, the Michigan Court of Appeals released its decision in Cedroni Associates, Inc. v Tombilson, Harburn Associates Architects & Planners, Inc. (docket # 287024, released 11/16/10) which provides new avenues for the disappointed low bidder to challenge the...
by W. Jay Brown | Sep 23, 2010 | Business Law, Commercial Law
It’s becoming an all-too-familiar fact pattern: a former spouse loses his business and is uncollectable/bankrupt leaving the bank to look to the former spouse for collection pursuant to a guaranty taken out during the marriage. In those instances, lawyers need to...
by W. Jay Brown | Aug 27, 2010 | Business Law, Commercial Law, Litigation
This week, the Michigan Supreme Court released its opinion in Shay v Aldrich, (# 138908 released August 23, 2010) and held that sometimes, “all” does not mean “all.” The facts in Shay were straight-forward – a plaintiff settled with two parties in a litigation and...
by W. Jay Brown | Apr 15, 2010 | Business Law
As Michigan law provides some effective remedies and developed common law to govern disputes involving corporations, it is often desirable to apply corporate law principles to limited liability companies. I’ve never seen any reason to treat the entities differently in...
