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Showing 20 posts in Fashion.

Joe Carr, 3D Printing & Digital Manufacturing

digital manufacturingThe Runway's 411 Speaker Series is bringing in Joe Carr on Wednesday, Sept. 30 from 5:30 to 6:30 p.m. For those of you who have yet to see a 3D printer at work this will be a great opportunity to experience state of the art technology. For those of you that have some exposure to 3D printing Joe Carr is a wealth of information. He is a 3D printing veteran who helped start one of the world's first 3D printing retail stores.

The event will be held at The Runway and the cost to attend is $10. This is one speaker you will not want to miss. Be sure to register for the event here.

Hope to see you there! -Deanna

Categories: Fashion, Manufacturing, News & Events

The Small World That Lives in New York City

I had the very good fortune of spending a few days in New York. I am sure that my small town, Midwestern roots are showing when I share my fascination with The Big City. I love the energy and the endless options of things to see and do. This recent trip was, however, completely focused on the fashion industry. I was in New York to attend the 5th Annual Fashion Law Symposium at Fordham’s Fashion Law Institute, and while in town I attended a “Fashion at FIAF Talk” by Jack McCollough and Lazaro Hernandez of Proenza Schouler, had lunch with designer Daniel Vosovic, discussed re-branding with a young designer on a walk through Central Park, shopped at MOOD, met with the founders of The Trim Lab, and checked out the Halston exhibit at The Museum at FIT. I will be sharing some specifics regarding these recent New York happenings in future posts, but I would like to first share a general observation and how it will, I hope, translate into things to come in Michigan. Read More ›

Categories: Entity Planning, Fashion, Intellectual Property, Manufacturing

Congratulations Runway Designer Katie Raynard!

We were so pleased to see that Katie Raynard, an associate designer at The Runway, was recognized by Michigan State University! Katie received MSU’s 2015 Excellence in Diversity, Making a Difference Through Artistic Expression Award. This award is given by MSU’s Office for Inclusion and Intercultural Initiatives, which has a long-standing tradition of recognizing members of MSU’s community whose efforts support an environment where diversity and inclusion are valued.

Katie is a senior in MSU’s College of Arts and Letters, where she studies apparel and textile design. Katie, along with her MSU classmate Anami Chan, are the organizers of “Fashion for the Fire,” a fashion show that will be held in collaboration with the Firecracker Foundation to raise awareness, show support and raise funds for the survivors of childhood sexual trauma. The show will present Katie and Anami’s designs, inspired by the accounts of brave survivors. The designs will be presented in correlation with recordings of survivor’s stories. The designs and signature accessories will be auctioned to raise money for the Firecracker Foundation. The fashion show will be at 7 p.m. on Saturday, April 11, 2015, at The Runway. Read More ›

Categories: Fashion, News & Events

The Runway – LEAPing into 2015!

Foster Swift was so excited to be a part of Michigan’s first and only fashion-based business incubator that we were a sponsor of The Runway long before its doors opened. I joined Jeff Henry, whose remarkable talents and endless effort made The Runway a reality, when Jeff first introduced the Designers in Residence to their shared workshop and private studio spaces. Although it was in late July, it felt remarkably like Christmas morning as the designers checked out the almost finished incubator. I was equally thrilled to be a part of The Runway’s grand opening on October 9, 2014, when the City of Lansing had its first chance to see this vibrant addition to its downtown. As we step beyond the wide-eyed enthusiasm of starting a new venture to that “get the job done” phase of incubating new talent, it is time for an update.  Read More ›

Categories: Fashion, Financing

Seriously, you owe me; you know you owe me, so pay me!

Oh how I wish that the world of fashion was immune from the evils of doing business. We should live in a Higher Place where people live to design, love to collaborate, never steal and always pay their bills. But that is a dream for another day. If someone currently owes you money or you have the realistic expectation that someone, someday will stiff you, keep reading. Read More ›

Categories: Collections, Contracts, Fashion

Internships – A Teachable Moment

Internships are a beautiful thing. They can provide a student with invaluable experience. If you are working with an intern or you were interested in offering an internship, please read on.

If you need a hand with your work as you are launching your design business, and you thought an intern would be a great way to get free labor, think again. Calling an employee an intern, as a way to cut costs, is a really bad idea and will expose your business to the wrath of the U.S. Department of Labor (“DOL”). Generally speaking, an internship in a “for-profit” private sector business will be viewed as employment unless the relationship meets the following six factors: (1) the internship is similar to training which would be given in an educational environment, even though the intern is involved in the “actual operations” of the employer; (2) the internship experience is for the benefit of the intern; (3) the intern does not displace regular employees, but works under close supervision of existing staff; (4) the employer that provides the training derives no immediate advantage from the activities of the intern and on occasion its operations may actually be impeded; (5) the intern is not necessarily entitled to a job at the conclusion of the internship; and (6) the employer and the intern understand that the intern is not entitled to wages for the time spent in the internship. Read More ›

Categories: Employment, Fashion

The Golden Globes – was it 2015 or 1950?

As our readers know, we will occasionally depart from the law and legal developments to inject our personal views on the intersection of fashion and culture. This post is purely personal commentary on fashion and culture. Don’t hesitate to comment! -Deanna

For anyone who knows my background, thanks to the recent Legal News article, you know that my initial appreciation of garments came from a place of necessity and utility. Fortunately, my life permits me the leisure of enjoying the aesthetics of a garment and the opportunity to use fashion for creative expression.

I tuned into the Golden Globes on Sunday night with more interest in what was worn than what was won. I of course enjoyed seeing some beautiful dresses. Kate Hudson in Versace was stunning, and what a fine example of one way of dealing with the absence of IP protection in the US for garment design – make something that required such precision that a quality copy is virtually impossible. Read More ›

Categories: Fashion, Intellectual Property

Tax reporting – not at all Merry, but very Necessary!

It is a sign of success that a designer has more work than they can do for themselves. If you reached that level of success in 2014 – Congratulations! However, your success came with responsibilities to include tax reporting, and Fosterfashion will ring out 2014 by offering this quick reminder.   

If you employed anyone in 2014, W-2 statements must be provided to your employees by January 31, 2015. If you are new to the role of “employer,” W-2 statements document income earned by employees, in the form of wages, tips and commissions earned in 2014, as well the as total amounts of state, federal and FICA taxes withheld by the employer.

If you paid an independent contractor $600 or more in 2014, they need to receive a 1099 form from you by January 31, 2015. A 1099 form states the amount you paid to your independent contractor. Where there is no “withholding,” it is the responsibility of the worker to report this income and pay appropriate taxes. Read More ›

Categories: Fashion, Tax

A Good LLC Operating Agreement Can Avoid a Really Bad Court Case

Many of the designers that I counsel have formed limited liability companies (LLCs).  While this is a great first step in your life as an entrepreneur, have you addressed what will happen if … a member of the LLC wants out, files bankruptcy, or fails to make a required capital contribution?  What if your co-member is also an employee and you need to terminate their employment?  These and other “triggering events” need to be addressed in an operating agreement.  As the title to the linked article aptly explains, A Good LLC Operating Agreement Can Avoid a Really Bad Court Case.  If you formed a multi-member LLC, or you don’t plan to be a sole member LLC forever, please read the linked article written by my partner Andy Vredenburg. The benefits of having a good operating agreement are well worth the modest attorney fees that you will incur. Deanna

Categories: Entity Planning, Fashion

Don’t Men Wear Pantsuits?

PantsuitWhen we introduced this blog, we informed our readers that we will occasionally depart from the law and legal developments to inject our personal views on the intersection of fashion and culture. This post is purely personal commentary on fashion and culture.  Enjoy, and don’t hesitate to comment, -Deanna

At the risk of injecting a little politics, let’s talk about “the pantsuit.” I do my best to avoid Bill O’Reilly. I never like what he has to say, or even hearing his voice. He recently popped up when I was channel surfing, and a comment that he made regarding Hilary Rodham Clinton got my attention. O’Reilly was sure (he is always sure) that Clinton is buying truckloads of “pantsuits” in preparation for a campaign. I started thinking about the frequent, at least mildly derogative reference to Clinton’s “pantsuits.” I have purchased more than a few suits, some with pants, yet I’ve never set out to buy “a pantsuit.” Why, from the prospective of a professional woman, is it just a suit … maybe a suit with a skirt or a suit with pants, or maybe both, but just a suit? Guys wear suits with pants, and we just call them “suits.” But when a woman has political ambition she is called out for wearing a “pantsuit”? Read More ›

Categories: Fashion