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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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Do You Have All the Right Documents for Your Business? Are They All Up-to-Date?

  • November 13, 2019
  • by Zana Tomich

Business documents matter! Do you have all of the documents you should and have they been updated in the last three years? Detroit business attorney Zana Tomich discusses the importance of all of the following in this video: Articles of Incorporation or Organization Bylaws Operating […]

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Does Your Family Business Have a Succession Plan? It Should

  • November 13, 2019
  • by Zana Tomich

Every family business needs a succession plan. Why? As Detroit-based business attorney Zana Tomich explains in this video, the succession plan is crucial to a family business’ ability to succeed in the future and thrive beyond the current generation. Overlooking the succession plan is one […]

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Does Your Business Need a Buy Sell Agreement?

  • November 13, 2019
  • by Zana Tomich

? Does your business need a Buy Sell Agreement? Unless it is a sole proprietorship, yes, you do need a Buy Sell Agreement. As Detroit-based business attorney Zana Tomich explains in this video, the Buy Sell Agreement is vital to protect the interests of business […]

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Lease Negotiation Tip: Don’t Overlook the Letter of Intent

  • November 13, 2019
  • by Zana Tomich

The number one lease negotiation issue Detroit-based business attorney Zana Tomich sees clients run into is the lease letter of intent or LOI. It can be just as important as the lease itself and often dictates the terms of the lease. As Zana explains in […]

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Selling a Small Business: 7 Tips for a Successful Sale

  • November 13, 2019
  • by Zana Tomich

? If you’re interested in selling a Detroit small business or a closely held operation based elsewhere in Michigan, you know that it’s not something you can do on the open market. Finding an interested buyer for your small business is half the battle. The […]

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Coming to America (and Starting a Business)

  • November 13, 2019
  • by Zana Tomich

With Detroit serving as a border crossing into Canada, I receive a lot of inquiries from persons out of the country trying to do business in the U.S., and specifically in Michigan.  The first question that arises is whether a Canadian (or a foreign national/non-citizen) […]

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Why is Succession Planning for the Family Business Important?

  • October 10, 2019
  • by Zana Tomich

I represent dozens of small and family businesses and one of the things that I see family businesses overlook is a succession plan.  That is how can the company prepare for the future and live beyond the current generation. What happens when someone retires? What if […]

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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 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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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.