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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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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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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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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.