Attorneys for Land Use,
Property and Business Law

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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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How to Determine a Valuation and Get Paid When Selling Your Business in Michigan

  • December 7, 2022
  • by Zana Tomich

If you’re considering a sale of your business, it’s important to understand what its value is. Knowing the value of your business will help you set a realistic price and ensure you get the best deal possible. Too often, business owners start contemplating a sale […]

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How to Avoid a Lawsuit When Terminating an Employee

  • November 30, 2022
  • by Zana Tomich

The economy is slowing and while the job market remains relatively stable, the headlines are filled these days with stories of companies such Meta, Microsoft and Twitter laying off thousands of employees. We’ve shifted pretty quickly from the days when businesses big and small were […]

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Recent Legal and Regulatory Updates: What Michigan Business Owners Need to Know

  • November 22, 2022
  • by Zana Tomich

It’s said that the only constant in life is change, and that applies to the business world as well. The last several years have kept Michigan business owners constantly on their toes, with rapidly evolving changes to the economy, the way businesses have been run […]

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Limit Your Risks When Personally Guaranteeing Your Company’s Debts

  • October 6, 2022
  • by Zana Tomich

It’s not possible for most capital-intensive businesses to simply “bootstrap” their way to success. It’s often necessary for them to borrow as a means of expanding—or just stay afloat. And when a business does borrow, it’s typically not just the business, itself, that’s on the […]

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Protecting Homeless Ministries and Shelters under Federal Religious Land Use Law

  • September 26, 2022
  • by Noel Sterett

Winter will soon be here and with it another round of headlines which read “City Shuts Down Church’s Homeless Ministry.” Every year, these stories pop up all across the country. Their facts are often the same, and they often end with men, women, and children […]

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7 Provisions Michigan Business Owners Should be Wary of When Negotiating a Commercial Lease

  • September 19, 2022
  • by Zana Tomich

Many of us, and even us lawyers, go through life giving little thought to many contracts we enter into. The cellular service company’s terms of service, the car rental agreement, the waiver form from a youth sports organization—even if we take the time to read […]

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Buying a Business in Michigan: Is an Asset or Stock Sale Right for You?

  • August 19, 2022
  • by Zana Tomich

Warren Buffett famously said: “Be fearful when others are greedy, and greedy when others are fearful.” With inflation, declining GDP growth and volatile markets, there’s a lot of fear out there right now. And that means there are entrepreneurs and investors who are heeding Buffett’s […]

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Dos, Don’ts, and 7 Common Sources of Funding for Small Businesses in Michigan

  • July 13, 2022
  • by Zana Tomich

As inflation soars and economic growth slows, more Michigan small businesses may be looking to secure outside funding to keep their business operations humming. The process of identifying and securing funding, however, can be intimidating and costly if mistakes are made. There are many funding […]

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Navigating the Crypto Crisis

  • July 6, 2022
  • by John Stoddard

I recently commented on the threat to cryptocurrency owners if their exchange files for bankruptcy protection.  Needless worry?  Recent headlines suggest the answer is NO. Nearly four months have now passed in the 180-day period given to federal agencies in a March 2022 executive order […]

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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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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.