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 MorePreparing for a Possible Recession
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 […]
Read MoreIt’s Time for Small Businesses to Prepare for the New Corporate Transparency Act
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 […]
Read MoreIs Your Cryptocurrency Safe if Your Crypto Exchange Files for Bankruptcy?
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 […]
Read MoreMichigan Supreme Court Clarifies Direct vs. Derivative Claim Standard in Murphy v. Inman
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 […]
Read MoreThe Potential Benefits of Treating Your Companies as a “Controlled Group” Come with Legal Risks
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 […]
Read MoreWill Upcoming Changes from Credit Reporting Agencies on Medical Debt Actually Make Things Worse?
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 […]
Read More5 Scenarios Where it’s Critical to Call Your Business Attorney
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 […]
Read MoreHow to Get Your Business Ready for the Next Round of Financial Distress
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 […]
Read MorePay Transparency: Changes in Norms are Leading to Changes in Laws
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 […]
Read MoreLimit Your Liability by Dissolving Your Inactive Michigan LLC
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 […]
Read MoreAbout Us
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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Mitchell CorderAdministrative Bishop Church of God, Tennessee
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.
Tim RhodusLead Pastor, Cross Church Carlinville & Staunton, IL
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.
Ronnie HolmesSenior Pastor, Church of the Open Door, Waco, TX
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.