BizTech Law Blog
Choosing a college or university is one of the most important, and expensive, decisions students and families will ever make. Unfortunately, scammers know this too, and they are using fake websites to steal money and personal information from unsuspecting applicants.
Recently, Michigan Attorney General Dana Nessel issued a consumer alert warning about fraudulent websites that impersonate real colleges and universities. These sites are designed to look convincing but have no connection to legitimate institutions. Instead, they trick students into sharing sensitive ...
Following Executive Order 14179 from January 23, 2025 titled Removing Barriers to American Leadership in Artificial Intelligence, President Donald Trump’s administration has unveiled its awaited artificial intelligence (“AI”) roadmap to cement the United States as a front runner in the “race to achieve global dominance in [AI]”.
The plan, titled American’s AI Action Plan (the “Plan”), is a 28-page document that outlines more than 90 federal policy actions under three strategic pillars: (1) accelerating innovation; (2) building American AI ...
The IRS has made it easier for retirement plan sponsors to fix common plan mistakes without going through a formal filing process. Under interim guidance in Notice 2023-43, sponsors can now correct a broader range of errors internally -- saving time, cost, and administrative hassle. This expanded self-correction relief, part of the SECURE 2.0 Act, is available immediately and gives plan sponsors more flexibility, provided that certain conditions are met.
Expanded Self-Correction Authority Now in Effect
Effective immediately and continuing until Rev. Proc. 2021-30 is formally ...
Equity incentive plans are a powerful tool for encouraging and rewarding a company’s employees and leadership, who may include prospective investors, through different kinds of equity interests and structures. Different structures can present different tax and economic consequences for the company and participants upon grant, vesting, purchase, or later sale.
Closely held businesses vary widely in size, budget, legal and tax structure, sophistication, compensation philosophy, and risk tolerance. Incentive programs therefore also vary widely among closely held and ...
See also Recommendations on AI and Copyrightability from the U.S. Copyright Office’s Latest Report
It is no surprise that generative artificial intelligence (“AI”) is changing the way companies all over the world operate. Some are embracing it with open arms and finding consistent opportunities to integrate AI into the workplace. Other businesses have found themselves at a standstill in terms of incorporating AI into their preexisting tools and technology, wondering whether embedding AI into their systems is a necessary step to stay relevant or one that may take them away ...
Beware of a new scam targeting Michigan businesses and individuals. The scam uses fake mailings containing “Annual Statement Past Due” notices.
These notices arrive in plain white envelopes, bear no return address, and contain QR codes for payment of alleged past-due fees.
This scam is an attempt to collect money or sensitive information. While the notices appear official and reference actual business names, Michigan’s Department of Licensing and Regulatory Affairs (LARA) has confirmed that this is a scam. If you receive such a notice, shred it and do not engage with the ...
To hear more on this topic, business & IP attorney, Lindsey Mead, recently appeared on an episode of Expert Connexions to discuss the copyrightability of AI-generated content. See the interview here.
The United States Copyright Office (the “Office”) released the latest part in its Report on Copyright and Artificial Intelligence on January 29, 2025. Part 1, titled “Digital Replicas” was published on July 31, 2024 and discussed videos, images, and audio recordings that are manipulated to falsely depict individuals and information. This practice of creating ...
The landscape of retirement plan eligibility is shifting, and plan sponsors need to prepare for key compliance changes affecting long-term part-time (“LTPT”) employees.
The Federal Trade Commission (FTC) is continuing its firm stance in regulating companies making unsubstantiated or exaggerated claims about their products or services employing artificial intelligence (AI).
On January 20, 2025, President Donald Trump revoked former President Joe Biden’s executive order related to the utilization of artificial intelligence (“AI”).
