Corporate Transparency Act – What You Need to Know

CTA Overview We wanted to provide you with recent updates on the Corporate Transparency Act (“CTA”).  Under the CTA, FinCEN (the “Financial Crimes Enforcement Network of the U.S. Treasury”) is required to develop a nationwide database of private company “beneficial owners”. The CTA requires every company in the U.S. to file beneficial ownership information (BOI) […]

PRODUCTION TAX CREDITS – A MICHIGAN LENS

With Michigan contemplating reentry into the film and media production incentive landscape, it seems like a good time to visit the issue of production incentives. Michigan lawmakers have introduced the Multimedia Jobs Act (House Bills 4907 and 4908), a program designed to attract productions back to the state while capturing more of the benefits in […]

Embracing Change: How Stepping Outside Your Comfort Zone Can Lead to Growth

Change is a constant in both our personal and professional lives. Whether it’s adapting to new technology, tackling unfamiliar tasks, or navigating shifting industry landscapes, stepping outside your comfort zone often sparks the most significant growth. Embracing change is not just about adapting to the world around us, but about taking an active role in […]

Protecting Your Business 101: The Importance of Contracts

In the whirlwind of running a business, it’s easy to overlook some of the more mundane aspects of operations—contracts being one of them. Yet, contracts are foundational to business success and stability. A well-negotiated and carefully drafted contract clarifies relationships, expectations, and protects your business from significant risks. Conversely, a poorly constructed contract or oral […]

The Importance of Succession Planning for Attorneys

As trusted attorneys, we regularly help our clients with strategic planning and growth. Yet many times we neglect long-term business planning in our own professional lives, even though we should apply the same foresight to our practices.  While we are dedicated to servicing our clients and ensuring their success, it’s equally important to prepare for […]

Corporate Transparency Act – Upcoming Changes and Deadlines

As a follow up to our blog post entitled “Corporate Transparency Act Overview” on July 18, 2024, today’s post focuses on some specifics about the Corporate Transparency Act that business owners will need to know as we enter into the final quarter of 2024.   Changes to Due Date for Initial Report for New Business […]

The Value of a Learning Organization: Empowering Team Members to Be Their Best

In today’s fast-paced world, the key to sustained success in any organization lies in its ability to learn, adapt, and grow. At Mavacy, we firmly believe that fostering a growth mindset with a learning organization is not just a strategy—it is a core value that drives everything we do. By prioritizing personal and professional development, […]

Your Most Valuable Asset In Life Is Not What You Think It Is 

You have gifts you don’t even think are gifts. “Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, vision cleared, ambition inspired, and success achieved.” — Helen Keller There is a debate Most people look at the world with a glass-half-empty mindset. They can’t see the […]

Navigating Legal Challenges: Proactive Steps for Small Business Success

Launching a small business is like piloting a spaceship through an asteroid field of legal complexities. Let’s crunch some numbers: SBA data shows a 50% annual legal issue rate for small businesses. Visualize that as one in every two businesses you see. Zoom out globally, and the picture’s even more startling: small businesses shoulder a […]

Taking Care of Small and Midsize Businesses

Small and midsize businesses (SMBs) often face unique challenges that larger corporations can manage more easily due to their extensive resources. For SMBs, finding effective legal support is crucial but can be daunting without an in-house legal team. That’s where Mavacy comes in—offering tailored legal solutions that empower SMBs to tackle their legal needs confidently, […]

Mavacy Mindset: Transforming Well-Being and Work-Life Balance at Mavacy

Behind the polished image of a successful attorney lies a demanding and often overwhelming reality. The legal profession, while rewarding, is fraught with unspoken challenges that can take a toll on well-being and work-life balance. From the relentless pressure to meet billable hours and the emotional weight of client issues to the long, unpredictable hours […]

The Impact of Artificial Intelligence on Attorney-Client Privilege: Current Legal Perspectives

While the integration of artificial intelligence (“AI”) note-taking tools into legal practices promises enhanced efficiency and accuracy, it also brings forth significant legal and ethical challenges that must be addressed. Central to these concerns are the preservation of attorney-client privilege, data security, and compliance with privacy regulations. Here, we explore these concerns, and the existing […]

Film Distribution: Theatrical Windowing 

In the 1950s, theaters were more than just venues for watching movies—they were cultural landmarks where people gathered to engage with the narratives shaping society. The exclusivity of the theatrical experience – at a time where television was the only real alternative medium (and secondary market for films) – ensured the cultural significance of theaters. […]

Content Creators: Meet Instability AI

Generative Artificial Intelligence is quickly becoming the most transformative force in media and entertainment since the advent of broadband Internet. Content creators now find themselves in an era where the pace of technological innovation is running laps around a legal system that has always struggled to keep up, creating a dynamic and precarious landscape for […]

Businessman receiving bad news

From Opinion to Effective Counsel: Ensuring Your Lawyer Delivers Results

As a business owner, you rely on your lawyer for sound advice on various legal and business matters. However, may be instances when the guidance you receive falls short of your expectations. It’s crucial to distinguish between a a misinformed opinion and potential malpractice. Here’s how to distinguish between well-intentioned guidance and a genuine lapse […]

Conceptual image of individuality and different thinking

From Mavericks to Mainstream: How Unique Approaches Shape Industry Legacies

Defining Legacy What do you want to be remembered for? At Mavacy, we believe a legacy is more than just a footnote in history—it’s the enduring influence or contribution you leave behind. It’s your indelible mark on the world, shaping the future through your innovative actions, decisions, and approaches that set you apart from the […]

Successful company with happy employees in modern office

The Distributed Law Firm: Enhancing Client Service and Workforce Satisfaction in the Digital Age

Embracing the Distributed Model in the Legal Industry:How It Works and Its Benefits Traditionally known for its buttoned-up and centralized ways, the legal industry is undergoing a much-needed shake-up by adopting the distributed work model. This game-changing approach leverages technology to free lawyers and legal staff from the confines of a single office, allowing them […]

Calf of cow on background of trees

From Cattle Ranching to Courtrooms:  The Power of Mavericks in Modern Industries

The Origin of the Maverick The term “maverick” originates in the 19th century and is linked to Samuel Maverick, a Texas rancher known for his unorthodox approach to cattle ranching. Maverick did not brand his cattle, unlike his contemporaries, which was essential for identifying ownership. His refusal to conform to this standard made his cattle […]

Mission, Vision and Core Value blocks

Cultivating Success: The Influence of Core Values on Law Firm DynamicsThe Power of Routines and Daily Habits

Share the Post: In an ever-evolving legal landscape, law firms are discovering that success is not solely defined by the cases they win or the revenue they generate. The foundation of a thriving law firm often lies in its core values—guiding principles that influence the firm’s culture, decision-making, and relationships. In this article, we explore […]

The tech that keeps him productive

How the 7 Habits of Highly Effective People Can Help Lawyers Improve Their Services: The Power of Routines and Daily Habits

Stephen R. Covey’s book, “The 7 Habits of Highly Effective People,” stands as one of the most influential self-help guides for professionals. These habits extend beyond personal development into the professional realm, proving especially beneficial for service providers like lawyers. By embracing these habits, lawyers can elevate their careers and enhance the services they offer […]

Future-Proofing Your Legal Practice: Steps in Creating an Effective Succession Plan

As attorneys, we dedicate our careers to serving our clients, upholding justice, and ensuring that the rule of law prevails. However, we must also prepare for the inevitable transitions in our professional lives. Unfortunately, so many attorneys fail to think about this – similar to the proverbial tale of the cobblers kid’s shoes being the […]

5 Ways Entrepreneurs Should Use an Attorney: Lessons from 20 years of service

Photo by Bogomil Mihaylov on Unsplash Share the Post: Opportunity is everywhere.  And there isn’t a part of the world that would not benefit from innovative thinking. That’s why we need entrepreneurs. But entrepreneurs also need people as well. They need customers. They need teammates. And yes, sometimes they need lawyers. Some may think that […]

Crucial Role of Legal Assistance in Selling Your Business: Safeguarding Your Interests and Ensuring a Seamless Transition

Are you thinking about selling your business? Deciding to part with a company you’ve nurtured and built over the years is a significant decision. Whether you’re a seasoned entrepreneur ready for retirement or a business owner seeking new opportunities, selling a business requires careful consideration and expert guidance. While you may excel at running your […]