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 of the greatest mistakes a family business can make. In the video, Zana answers questions about success plans like “What happens when a key employee retires?” and “What if there’s an unexpected departure, disability or even a passing?” She also highlights the five things every family business needs to know about succession planning.
Zana is the leader of the Business and Employment Law practice at Dalton & Tomich, PLC. If you have questions about succession planning for your family business or other family business transitions, contact her at 313.859.6000 or click here.
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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.
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.
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.
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.