Business Archive

The Kindle 2 released by Amazon last month is thinner and faster and has access to an increasing number of book titles. So popular that it flew off the shelves last Christmas despite the economic downturn, Kindle 2 continues to revolutionize the e-book and traditional publishing industries. One of the latest features of the Kindle [...]

Do you and your business partners have a buy-sell agreement? Do you have a spouse or heir who will take ownership of your business interests after your death? Have you identified a successor to run your business when you no longer want to, or are able to? Paul Ditlevson, director of Legacy Estate Programs at [...]

Michigan recently amended the Nonprofit Corporation Act to include several new requirements for nonprofit corporations. Nonprofit corporations in existence on July 16, 2008, must have and maintain a board including 3 or more directors, by January 16, 2009. For nonprofit corporations formed after July 16, 2008, the initial board of directors, and subsequent boards, must [...]

RDR Books, based in Muskegon, Michigan, won’t be publishing Steven Vander Ark’s much-anticipated “Harry Potter Lexicon.” Not any time soon, and not any time. A US District Court judge in Manhattan has issued a permanent injunction against publication of the work, finding that it infringes copyrights in the popular Harry Potter series of children’s novels. [...]

You can download a copy of the judge’s Opinion and Order in Warner Brothers Entertainment and J.K. Rowling v. RDR Books here at Arborlaw (PDF). Many thanks to Dineen Pashoukos Wasylik for pulling this down off PACER.

New snooping device can snarf phone numbers, data, call logs and text messages off Motorola and Samsung phones Think twice before leaving your Motorola or Samsung cell phone on the table in a public place, or in the pocket of your coat. Or leaving your cell phone anywhere, for that matter. CNet News reported yesterday [...]

Google is threatening to do to venture capital funding what it has done to the search, browser, applications software, advertising and publishing worlds: turn the status quo upside down. The company has been quietly making relatively small investments in the $500K range in promising technology startups since 2Q 2007 — and then typically buys the [...]

Business owners who are behind in paying their taxes to the IRS are going to pony up more dough. The IRS raised the interest rate on taxes past due to 6% for balances existing or beginning in the third quarter of 2008. That’s an interest rate increase of a full point (and reflects the fact [...]

>> SEC To Move US Away From GAAP

The accounting world is getting flatter, and fast. According to today’s Wall Street Journal, the Securities and Exchange Commission (SEC) plans to move US accounting practices away from GAAP (Generally Accepted Accounting Principles). Used widely in the US, GAAP is not an international standard. Firms outside of the US in over 100 countries use standards [...]

There’s a fascinating discussion over at the AdamsDrafting blog about we lawyers and the language we use to draft software license agreements. The article dissects the contract language which has evolved and which we routinely use in licensing software. Here are some of the questions being discussed: Is a license the entire contract, or is [...]