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Business Law & Transactions

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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Preparing for a Possible Recession

  • June 23, 2022
  • by John Stoddard

Charlie Scharf says there is “no question” we’re headed into an economic downturn and likely a recession. Jamie Dimon says to “brace yourself” for an economic hurricane.  Elon Musk has a “super bad feeling” about the economy.  (Even though Elon thought we’d have zero Covid cases […]

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It’s Time for Small Businesses to Prepare for the New Corporate Transparency Act

  • June 8, 2022
  • by Zana Tomich

One of the benefits of owning a small business is that small businesses are exempt from many federal rules, regulations, and other forms of red tape that their larger counterparts are obligated to comply with. However, starting as early as late 2022, small business owners […]

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Is Your Cryptocurrency Safe if Your Crypto Exchange Files for Bankruptcy?

  • May 26, 2022
  • by John Stoddard

Cryptocurrency has been around for almost 15 years, and it keeps landing in the headlines—but not always for good reasons. Now, crypto owners are worried about exchange bankruptcies. Most crypto owners hold their assets in custodial wallets, or on an exchange. This is because the customer […]

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Michigan Supreme Court Clarifies Direct vs. Derivative Claim Standard in Murphy v. Inman

  • May 17, 2022
  • by Zana Tomich

When a corporate shareholder alleges harm due to acts or omissions by corporate officers and directors, the question of whether the shareholder must bring a “direct” or “derivative” claim often arises. A direct claim asserts that the defendants harmed the shareholder. Derivative claims, on the […]

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The Potential Benefits of Treating Your Companies as a “Controlled Group” Come with Legal Risks

  • April 18, 2022
  • by Zana Tomich

In general, for a company that offers its employees health insurance benefits, the more employees there, the lower the premium costs are per employee. So if a business owner owns more than one business, it might be tempting to try to bundle all the people […]

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Will Upcoming Changes from Credit Reporting Agencies on Medical Debt Actually Make Things Worse?

  • March 29, 2022
  • by John Stoddard

Equifax, Experian, and TransUnion, the three major consumer credit reporting agencies, recently announced that as of July 1, 2022, they will make changes to the way medical collection debt is reported. These changes may provide some initial benefits to consumers. But it’s unclear whether they […]

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5 Scenarios Where it’s Critical to Call Your Business Attorney

  • March 21, 2022
  • by Zana Tomich

We may not always like it, but us business attorneys know that you business owners are often out there wheelin’ and dealin’ with handshakes and a hope for the best, and in many cases that works out okay. We would like you to more frequently […]

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How to Get Your Business Ready for the Next Round of Financial Distress

  • March 4, 2022
  • by John Stoddard

I’ve written previously about the likely increase in delinquencies and bankruptcies coming this year, but the numbers have yet to back up that prediction.  In 2021, according to the American Bankruptcy Institute, consumer bankruptcies decreased by 24%, commercial bankruptcies decreased by 31%, and Chapter 11s […]

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Pay Transparency: Changes in Norms are Leading to Changes in Laws

  • February 15, 2022
  • by John Stoddard

Dalton & Tomich represents many business owners, human resources professionals, and employers in any other sense of the word. If those labels apply to you, then you have heard about “pay transparency,” or you soon will. In short, there’s a movement afoot to make the […]

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Limit Your Liability by Dissolving Your Inactive Michigan LLC

  • February 14, 2022
  • by Zana Tomich

There’s a reason the term “serial entrepreneur” is so common: certain people love starting multiple business ventures—sometimes juggling multiple businesses at once. Owning more than one business can have benefits, such as diversifying an entrepreneur’s income streams and better utilizing certain fixed overhead costs, such […]

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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.