Many high income earners believe they cannot contribute to a Roth IRA because of the income limitations imposed by the Internal Revenue Service (IRS).  There is a backdoor route high income earners can take, however, to accomplish the same thing as opening a Roth IRA directly. For 2014, the income and contribution limits for a Roth IRA are as follows: Filing Status ModifiedAdjusted Gross Income ContributionLimit Married, Filing Jointly ˂ $181,000 Up to […]

On December 30, 2013, Governor Snyder signed into law Public Act 264, Michigan Invests Locally Exemption (MILE), which permits crowdfunding for small business. It is an intrastate exemption from the State of Michigan and Federal securities laws, whereby Michigan residents can invest in Michigan businesses. Crowdfunding refers to funding a company by selling a small amount of equity to a large number of investors. Michigan is one of the first […]

In many ways, Metro Detroit was built by the hopes and dreams of people from other countries.  The June 2, 2014 edition of Crain’s Detroit Business included an “American Dreamers” feature highlighting local immigrants who have had business success.  Ronald Acho, co-founder of the Firm, was nominated and selected to be recognized as one of those people. Mr. Acho’s family fled Iraq when he was four years old to escape […]

In many ways, Metro Detroit was built by the hopes and dreams of people from other countries. The June 2, 2014 edition of Crain’s Detroit Business included an “American Dreamers” feature highlight local immigrants who have had business success. Ronald Acho, co-founder of the Firm, was nominated and selected to be recognized as one of those people. Mr. Acho’s family fled Iraq when he was four years old to escape […]