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Blogs to Help Your Business Succeed

In this blog, the Zana Tomich and the business attorneys of Dalton & Tomich, PLC weigh in on matters of importance to small and closely held business leaders in Detroit and throughout Southeast Michigan. We hope the information here is helpful to you.

Why is Succession Planning for the Family Business Important?

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?

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 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 […]

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First Batch of Redevelopment Zone Detroit Liquor Licenses Approved

Crain’s Detroit Business reporter Kurt Nagl wrote in May about about the City of Detroit seeking approval for 20 new liquor licenses through the Redevelopment Area Liquor Licenses that were made available through the State of Michigan. Though the matter was on the agenda for […]

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More liquor licenses could be coming to Detroit, but getting one may still be complicated

A total of 63 new Detroit liquor licenses could be issued, according to a recent article by Crain’s Detroit Business. I had the pleasure of chatting with reporter Kurt Nagl about the development. While this is good news for bars and restaurants hoping to attain […]

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What to Know Before Signing a Letter of Intent for a Lease

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

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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Court Clears Way for Use of Unpaid Volunteer Labor

Organizations that use volunteer labor can breathe a sigh of relief.  With the latest decision from the Sixth Circuit Court of Appeals, Acosta v. Cathedral Buffet, Inc., 6th Cir., Case No. 17-3427, (April 16, 2017), the Appellate Court clarified that use of unpaid labor, was […]

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Producing Corporate Records: Not a Family Matter

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

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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The business and employment attorneys of Dalton & Tomich take your business just as seriously as you do. Attorneys Zana Tomich and Noel Sterett are trusted by closely held family businesses and others across Michigan and Northern Illinois as invaluable partners and counselors. We guarantee all your calls and emails will be returned within one business day so you can focus on what you do best: running your business.