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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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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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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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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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Are Unpaid Interns Legal?

  • April 25, 2017
  • by Zana Tomich

As  summer approaches, the season of interns is also on the horizon. While college students comprise of the typical intern class, many recent graduates, or students in post-graduate programs who are finding the job market competitive, offer to work as unpaid interns to gain experience […]

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Homeowner Association Acts within Authority of Bylaws

  • April 5, 2017
  • by Zana Tomich

Homeowner associations are fairly common throughout Michigan and the United States.  They are typically private associations formed by a developer who plats a subdivision to manage the development, and to enforce the restrictive covenants recorded to benefit and burden the land. They are also used […]

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New Administration Brings Uncertainty for Business

  • November 22, 2016
  • by Zana Tomich

With the uncertainty of the 2016 general election behind us, the votes counted in President-elect Trump’s favor, and both chambers of Congress controlled by the same political party, one would think we would have more clarity as to the changes in the law that lie […]

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New Legislation Expands Use of Conditional Liquor Licenses

  • November 17, 2016
  • by Admin

There is some good news for Michigan restaurants trying to obtain a liquor license. On November 3, Governor Rick Snyder signed into law Public Act 315 of 2016, which amends the Michigan Liquor Code and expands the use of Conditional Liquor Licenses. As many restaurateurs […]

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Employers Should Prepare for DOL Rules on Exempt Employees and Overtime Effective Dec. 1, 2016

  • October 20, 2016
  • by Zana Tomich

Back in May, I wrote about the newly issued Department of Labor Regulations regarding increased salary thresholds for exempt employees and overtime. In September 2016, Attorney Generals from 21 states, including Michigan, filed suit in the Eastern District of Texas against the United States Department […]

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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.