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Spring 2016

1
      
C&G Quarterly





Welcome back to our quarterly newsletter! Thank you for staying connected!



So...What's in the works at C&G?

From its inception, C&G has been committed to its three-point model: Leadership. Professionalism. Results. As Founder, Attorney Crump-Gibson has worked tirelessly to implement this model by establishing long-term, meaningful relationships with and on behalf of clients, obtaining optimum results for clients and leading community education and involvement efforts. Take a look at how we are striving to maintain our commitment!


C&G Founder recognized
in Hour Magazine among
Top Women Lawyers

Hour Detroit Magazine recognized Attorney Crump-Gibson's most recent Super Lawyers designation in its March 2016 issue.

The issue features Top Women Lawyers in our great state. Attorney Crump-Gibson is listed for her business/ corporate practice. Special thanks to Hour Detroit and congratulations to all of the phenomenal women attorneys featured!
 


Attorney Crump-Gibson featured as presenter
at upcoming National Business Institute seminar


NBI has been a leading, trusted provider of continuing legal education and training since 1983. The Institute will host a seminar on June 17, 2016 in Southfield entitled "Tax Exempt Organizations from Start to Finish" and Attorney Crump-Gibson will present on Advising on Operational Issues.

Are you a Nonprofit Bookkeeper or Director/Officer? How about a CPA, Accountant, Tax Preparer or Attorney? Then, this is the event for you! Follow the link below to find out more about the seminar and be sure to register today!

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Tax-Exempt-Organizations-From-Start-
to-Finish/Seminar
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We are very excited for Attorney Crump-Gibson to present at the Middlewest Regional Conference of the esteemed Chi Eta Phi Sorority, Incorporated. She will be providing insight into the 501(c)(3) approval process and best practices for organizations with tax-exempt status.
 

A staunch proponent of pipeline programming, Attorney Crump-Gibson was proud to serve as Coach and Mentor for the 24th annual Martin Luther King Jr. Drum Major for Justice Advocacy Competition!!! Eighty-two Metro Detroit high school students submitted essays to compete in this year’s competition. Six were chosen as finalists. Presentations were ranked by a panel of state and federal judges based on the content of the presentations and oratorical skills.

This event was sponsored by the Damon J. Keith Center for Civil Rights, the D. Augustus Straker Bar Association, the Wolverine Bar Association, and the Association of Black Judges of Michigan. Mentee and finalist Rose Thomas is pictured here with C&G’s Attorney Crump-Gibson.

 

So: What's going in the law?

Social Media and Estate Planning

Social media and web accounts will be treated like assets in Michigan!

What happens to
your Facebook account, pictures, eBooks and music after your death? We have seen recent reports in the news about Corporations not allowing access for various reasons to web-based “assets”. Well, in Michigan, this is about to change!

New legislation, signed by the Governor will allow digital information, including social media and website accounts to be treated like other assets when an owner dies- meaning they can be designated in a Will just like any other property!! The law also sets other rules for how these assets are transferred to another person. Imagine that!

We know some of our clients and supporters are avid social media and web users. Make sure to give us a call today to talk about including digital assets in your estate plan!

The New Threat to Historic Districts!!!!

        


Legislation has been introduced in the State that would significantly change local historic designation. For years, property owners and residents have used local, state and federal historic designation to preserve the character of neighborhoods, as a tool for tax credits and bolstering of the local economy. There are countless historic districts that have been established in the City of Detroit. You likely pass a few every day! A historic 'district' can be just a building!  

The two bills, HB 5232 and SB 720, would end any historic districts in the State after 10 years, forcing residents and preservationists to apply again every decade. Reestablishing a district’s standing will be much more difficult under the legislation- it would require a two-thirds approval of property owners in the district AND a majority vote of the ENTIRE CITY in the next general election. There are other applicable restrictions in the new legislation. Some residents are in an uproar about these proposed bills. What are your thoughts? Let us know!!

Changes coming to the Small Business Administration (SBA) 7(a) Loan Program?

United States Senator
Gary Peters, who is
a member of the Senate’s Small Business and Entrepreneurship Committee, has
cosponsored bipartisan legislation supporting the U.S. Small Business Administration (SBA)’s top lending program- the 7(a) loan program. Qualifying small businesses may use 7(a) loan proceeds for the following:
  • To provide long-term working capital to use to pay operational expenses, accounts payable and/or to purchase inventory
  • Short-term working capital needs, including seasonal financing, contract performance, construction financing and exporting
  • Revolving funds based on the value of existing inventory and receivables, under special conditions
  • To purchase equipment, machinery, furniture, fixtures, supplies or materials
  • To purchase real estate, including land and buildings
  • To construct a new building or renovate an existing building
  • To establish a new business or assist in the acquisition, operation or expansion of an existing business
  • To refinance existing business debt, under certain conditions
Recently, the program has experienced very high demand and reached its loan limit before the end of the fiscal year, requiring Congress to enact “emergency” legislation to increase the cap. In July last year, the program lapsed for several days causing the SBA to suspend 7(a) loans and disrupting the lending market, while Congress enacted legislation to increase the cap.
 
Peters believes that small businesses are critical to Michigan’s economic recovery and that the proposed legislation is necessary. The legislation- The Help Small Businesses Access Affordable Credit Act would authorize the SBA Administrator to increase the program loan limit by up to 10% in a fiscal year, without legislative action. This is great news for Small Businesses! Questions about the program and the requirements for qualifying? Contact C&G today!!!
 




We regularly showcase one of our outstanding clients in our newsletter and talk about their exemplary efforts in their field! This edition features Mike Fair, Founder of the revolutionary Meal Prep Mike!



Health and Wellness Entrepreneur Mike Fair

Meal Prep Mike is a full service meal prep solution offering a full range of products from healthy meal preparation and delivery to weekly recipe packages and custom meal plans complete with macro nutrient analysis.

His Story...

As the health and wellness community in the greater metro-Detroit area begins to boom, consistent access to healthy meals becomes a reality with the entry of full service meal prep solution, Meal Prep Mike. Offering lean and clean meal delivery and a variety of meal prep solutions, Meal Prep Mike was born out of the health and wellness journey of Detroit native, Mike Fair. Six years ago, the brand strategist and entrepreneur was obese and completely out of shape. After learning that two of his uncles were diagnosed with prostate cancer within weeks of each other, Mike decided it was time to make his health a priority and committed to cleaning up his diet and getting active.

Becoming a student of nutrition, Mike began to develop healthy recipes that didn’t sacrifice flavor. “My health and wellness journey began with an understanding that many illnesses and issues within the body are caused by poor nutrition and lack of consistent fitness. I knew that there had to be a way to eat healthy and still be satisfied. I educated myself around the most lean and ethically sourced proteins, carbohydrates and produce and began experimenting with diverse flavor profiles in the kitchen.” Fair went on to lose 60 pounds and now wants to share not only his story, but his method and meals with the masses.

Mike: “I understand every step of the health and wellness journey. I have been there. I know what it is like to just be starting out. I have experienced the frustration of plateau and done the work to break through and continue weight loss. The mantra for Meal Prep Mike is that ‘Healthy Food Should Taste Great’. I love this saying because it challenges the idea that eating healthy is boring. I have learned how to make eating lean and clean taste great! I can’t wait to share my food with Detroit and the rest of the country!”

Mike Fair is available for speaking engagements and interviews. All inquires can be directed to mike@mealprepmike.com.

 



We hope this edition of the C&G Quarterly was informative! We look forward to your continued support!











 



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