Firm Blog
The Gallagher Law Firm with offices in Lansing, Mt. Pleasant, Grand Rapids, and Detroit provides a variety of legal services across Michigan for corporate and individual clients. Our AV-rated, highly experienced attorneys offer responsive and efficient representation. Learn why our clients consider the Gallagher Law Firm to be a trusted, insightful and experienced partner for their legal needs.
Counterparts; Facsimile Signatures - Example Provision
August 31st, 2015
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original instrument, and all of which shall constitute a single agreement. The signature of a party to any counterpart shall be sufficient to legally bind such…
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Categories: Real Estate Law
Uniform Enforcement of Foreign Judgments in Michigan
August 24th, 2015
MCL 691.1173 provides that a copy of a foreign judgment authenticated in accordance with an act of congress or the laws of this state may be filed in the office of the clerk of the circuit court, the district court, or a municipal court of this state…
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Categories: Litigation
What is the JOBS Act?
April 2nd, 2015
The Jumpstart Our Business Startups Act (the JOBS Act) was signed into law by President Obama on April 5, 2012. The JOBS Act makes it easier for private, U.S. companies to raise capital by selling investments in their companies (securities) to invest…
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What is a Limited Liability Company (LLC)?
April 1st, 2015
A limited liability company is a business formed by an organizer who may, but need not be a member. It is a business entity separate from its members and liability is limited to the financial contribution made by the member. The members are the owner…
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Categories: Business Law
What is Crowdfunding?
March 31st, 2015
The term Crowdfunding has many different connotations. Crowdfunding includes a wide variety of collective efforts and allows people to raise funds for almost any type of project with donations from others. Crowdfunding also refers to funding a compan…
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Categories: General
Crowdfunding: When securities are purchased pursuant to the crowdfunding provision of the JOBS Act, are they transferable?
March 30th, 2015
Investors cannot transfer securities purchased pursuant to the crowdfunding provision of the JOBS Act for 1 year beginning with the date of purchase. There are exceptions to this 1 year restriction for transfers: (i) to the issuer, (ii) in a register…
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Categories: Business Law
Corporations
March 25th, 2015
A “Corporation” is an association of persons, created by law and existing as an entity with powers and liabilities independent of those of its members. In the case of profit corporations, its owners are shareholders. The owners of nonprof…
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Categories: Business Law
Procedure for Subpoenaing Michigan-Based Documents and Inspections for Matters Pending Outside Michigan
March 3rd, 2015
If a party to out-of-state litigation needs to subpoena a Michigan resident or company to be deposed or produce documents, the out-of-state litigant can follow the rules set forth in Michigan’s Uniform Interstate Depositions and Discovery Act (…
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Categories: General
Decedent Estate Administration and Will Admission - Statutory Priority for Appointment
February 24th, 2015
Statutory Priority for Appointment: 1. Person, or persons, nominated as Personal Representative in the will. 2. If there is a will, the decedent’s surviving spouse if he/she is a devisee. 3. If there is a will, other devisees. 4. Surviving spou…
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Categories: Estate Planning
Its Time to Again Consider Property Tax Appeals
February 17th, 2015
Every year, the value of real property is assessed by the township, village, or city. On or before the first Monday in March, the property tax assessor compiles their roll of the properties in their assigned area. This roll contains the “true cash…
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Categories: Tax Law