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Could Your Organization Use a Corporate Clean Up?

  • September 4, 2019
  • by Zana Tomich

In advising hundreds of closely held companies over the years, one of the things I often recommend to clients is a corporate clean up.  What’s a corporate cleanup? It’s a term used to describe the process of taking a deep dive into a company’s organization […]

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What is a Buy Sell Agreement?

  • August 5, 2019
  • by Zana Tomich

Buy Sell Agreements are also called shareholder agreements, shareholder restriction agreements, and are sometimes simply provisions of an operating agreement of an LLC. A buy sell agreement is akin to a pre-nuptial agreement between business owners.  What it does is set out the parameters of […]

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First Batch of Redevelopment Zone Detroit Liquor Licenses Approved

  • June 28, 2019
  • by Zana Tomich

Crain’s Detroit Business reporter Kurt Nagl wrote in May about about the City of Detroit seeking approval for 20 new liquor licenses through the Redevelopment Area Liquor Licenses that were made available through the State of Michigan. Though the matter was on the agenda for […]

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More liquor licenses could be coming to Detroit, but getting one may still be complicated

  • May 22, 2019
  • by Zana Tomich

A total of 63 new Detroit liquor licenses could be issued, according to a recent article by Crain’s Detroit Business. I had the pleasure of chatting with reporter Kurt Nagl about the development. While this is good news for bars and restaurants hoping to attain […]

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What to Know Before Signing a Letter of Intent for a Lease

  • May 21, 2019
  • by Zana Tomich

You’ve spent hours upon hours researching property listings. You’ve spent untold weekends looking at spaces. Finally, you’ve found the perfect place to rent for your business. Congratulations! At this point, you may be tempted to dive right in. But before you take the first official […]

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Nonprofit Should Protect Tax-Exempt Status When Accepting Donations

  • January 14, 2019
  • by Zana Tomich

In pursuing its charitable mission, a charity or church often accepts donations or solicits donations from donors.[1]  In some cases, the donation comes after receipt of some product or service. If the donor receives something in return for the donation, the nonprofit has a duty […]

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Settlement Agreement “Tender Back” Rule Upheld by Michigan Court

  • June 10, 2018
  • by Zana Tomich

Can an employee sue its employer where she released all claims in severance agreement, even though the employer stopped payments per the agreement?  In Yob v. Smith and Van Fossen, Mich. Court of Appeals No. 339607 (May 15, 2018), the court of appeals upheld the […]

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Court Clears Way for Use of Unpaid Volunteer Labor

  • May 7, 2018
  • by Zana Tomich

Organizations that use volunteer labor can breathe a sigh of relief.  With the latest decision from the Sixth Circuit Court of Appeals, Acosta v. Cathedral Buffet, Inc., 6th Cir., Case No. 17-3427, (April 16, 2017), the Appellate Court clarified that use of unpaid labor, was […]

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Producing Corporate Records: Not a Family Matter

  • April 9, 2018
  • by Zana Tomich

Closely held family corporations are often grounds for showing the complicated nature of familial relationships.  This is on display in Hammoud v. Advent Home Medical, a recent Michigan Court of Appeals case (No. 340502) which illustrates the interplay of discord among family members, and the […]

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Succession Planning: Estate Planning for Your Business

  • March 6, 2018
  • by Zana Tomich

Succession planning is a process all small business leaders should undertake.  Similar to estate plans for individuals, succession plans are used to address situations where there is a death, disability, or retirement of key individuals in the company. When a company is owned by just […]

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The attorneys of Dalton & Tomich, PLC have the experience and the knowledge to work with you to develop a legal solution that helps accomplish your goals. Our collaborative approach has helped leaders like you grow businesses and banks, develop and expand churches, and build nonprofit organizations nationwide.