Business Law & Transactions
What is a Buy Sell Agreement?
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 […]
Read MoreFederal Government Reminds Employers—Big and Small—of Their Employment Law Duties Under FMLA, FSLA, and PUMP Act
Recent actions by the federal government serve as important reminders to businesses—large and small, alike—of their various responsibilities under federal employment laws. On February 9, 2023, the U.S. Department of Labor (DOL) issued a Field Assistance Bulletin (Bulletin) addressing questions related to compliance with the […]
Read MoreWILL THE SUPREME COURT KILL THE CFPB?
As part of the administration’s push to curb excessive fees, the Consumer Financial Protection Bureau is proposing drastic reductions to fees charged to consumers by credit card companies. If approved, the unintended consequences of higher interest rates, lower credit lines, and fewer new cards being […]
Read MoreIS A BANK’S COLLAPSE A SIGN OF THINGS TO COME?
Almost a year ago, I wrote about businesses and their creditors preparing for a possible recession. If we judged the economy solely by the cryptocurrency industry, we would have said it tanked long ago. But we don’t, and here we are, still tiptoeing around the […]
Read MoreA STATE AWASH IN WEED . . . AND AN INDUSTRY AWASH IN DEBT
Michigan voters approved medical marijuana in 2008 and its recreational use in 2018. The Great Lakes State is purportedly the third largest market for cannabis in the country, after California and Colorado. There are at least three major problems facing the industry, including too much […]
Read MoreEmployers Beware: U.S. Supreme Court Rules that Highly Compensated Employees May be Eligible for Overtime Pay
In a ruling that caught many employers by surprise, the U.S. Supreme Court recently held that an employee who earned more than $200,000 per year was nonetheless entitled to overtime pay under the Fair Labor Standards Act (FLSA). The Court’s ruling in Helix Energy Solutions […]
Read MoreThe Burden is on Employers When it Comes to Binding Employees to Employment Agreements in Michigan
When a big company hires a new CEO or other top executives, lawyers get involved and an often long and complicated employment contract gets hammered out. For the average small to medium-sized business owner, that’s not how hiring works. Most employees go through a similar […]
Read MoreHow to Deal with a Member Who Wants Out of an LLC in Michigan?
When two or more people go into business together, there’s always a risk that one or more owners will want out. And when that happens, it’s not only because the owners get into an irreconcilable dispute. If the business goes on long enough, life circumstances, […]
Read MoreDirect Pay for Tax Exempt Entities making Renewable Energy Investment
The Inflation Reduction Act (“IRA”) was signed into law on August 16, 2022. Despite the legislation’s name, it’s primarily a green energy bill that allocates $369 billion to fighting climate change by incentivizing a clean energy economy.One of the most significant aspects of the IRA […]
Read MoreWE HAVE CHANGED OUR TERMS – Why you should read the fine print
“We have changed our terms.” How often do you get this pop-up or email? It seems like companies, services, and platforms are constantly changing their terms. Now—answer honestly. How often do you read those changed terms or the fine print of any contract, whether in original […]
Read MoreThree Key Documents You Need When Buying or Selling a Business in Michigan
While today’s financial headlines are highlighting the slowdown in the type of large company mergers and acquisitions that were so prevalent during the booming economy and low interest rate environment in 2021, there is still plenty of transaction activity among small and medium sized businesses. […]
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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.
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In my role as Administrative Bishop for the Church of God, quite often we are faced with issues that involve local governments and municipalities. Many of these issues that arise in dealing with entities are land use related. I have found Dalton & Tomich’s experience and expertise in this area to be a valuable resource and asset in every situation.
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Never one time during a year-long litigation process did Dalton & Tomich demonstrate anything other than Christ-like professionalism. They managed the legal details, while we continued to do church. How they managed themselves, managed our case, and represented our church set the table for me and our church to be where we are today.
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Dalton & Tomich’s expertise and experience helped us through a very difficult legal journey, ultimately achieving a favorable outcome. Their personal interest in helping us went “above and beyond” just the call of duty.