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Business Law & Transactions

Federal Government Reminds Employers—Big and Small—of Their Employment Law Duties Under FMLA, FSLA, and PUMP Act

  • March 20, 2023
  • by Zana Tomich

Recent actions by the federal government serve as important reminders to businesses—large and small, alike—of their various responsibilities under federal employment laws. On February 9, 2023, the U.S. Department of Labor (DOL) issued a Field Assistance Bulletin (Bulletin) addressing questions related to compliance with the […]

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Employers Beware: U.S. Supreme Court Rules that Highly Compensated Employees May be Eligible for Overtime Pay

  • March 9, 2023
  • by Zana Tomich

In a ruling that caught many employers by surprise, the U.S. Supreme Court recently held that an employee who earned more than $200,000 per year was nonetheless entitled to overtime pay under the Fair Labor Standards Act (FLSA). The Court’s ruling in Helix Energy Solutions […]

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The Burden is on Employers When it Comes to Binding Employees to Employment Agreements in Michigan

  • March 1, 2023
  • by Zana Tomich

When a big company hires a new CEO or other top executives, lawyers get involved and an often long and complicated employment contract gets hammered out. For the average small to medium-sized business owner, that’s not how hiring works. Most employees go through a similar […]

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How to Deal with a Member Who Wants Out of an LLC in Michigan?

  • February 8, 2023
  • by Zana Tomich

When two or more people go into business together, there’s always a risk that one or more owners will want out. And when that happens, it’s not only because the owners get into an irreconcilable dispute. If the business goes on long enough, life circumstances, […]

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Direct Pay for Tax Exempt Entities making Renewable Energy Investment

  • January 24, 2023
  • by Zana Tomich

The Inflation Reduction Act (“IRA”) was signed into law on August 16, 2022. Despite the legislation’s name, it’s primarily a green energy bill that allocates $369 billion to fighting climate change by incentivizing a clean energy economy.One of the most significant aspects of the IRA […]

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Three Key Documents You Need When Buying or Selling a Business in Michigan

  • January 3, 2023
  • by Zana Tomich

While today’s financial headlines are highlighting the slowdown in the type of large company mergers and acquisitions that were so prevalent during the booming economy and low interest rate environment in 2021, there is still plenty of transaction activity among small and medium sized businesses. […]

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How to Determine a Valuation and Get Paid When Selling Your Business in Michigan

  • December 7, 2022
  • by Zana Tomich

If you’re considering a sale of your business, it’s important to understand what its value is. Knowing the value of your business will help you set a realistic price and ensure you get the best deal possible. Too often, business owners start contemplating a sale […]

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How to Avoid a Lawsuit When Terminating an Employee

  • November 30, 2022
  • by Zana Tomich

The economy is slowing and while the job market remains relatively stable, the headlines are filled these days with stories of companies such Meta, Microsoft and Twitter laying off thousands of employees. We’ve shifted pretty quickly from the days when businesses big and small were […]

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Recent Legal and Regulatory Updates: What Michigan Business Owners Need to Know

  • November 22, 2022
  • by Zana Tomich

It’s said that the only constant in life is change, and that applies to the business world as well. The last several years have kept Michigan business owners constantly on their toes, with rapidly evolving changes to the economy, the way businesses have been run […]

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Limit Your Risks When Personally Guaranteeing Your Company’s Debts

  • October 6, 2022
  • by Zana Tomich

It’s not possible for most capital-intensive businesses to simply “bootstrap” their way to success. It’s often necessary for them to borrow as a means of expanding—or just stay afloat. And when a business does borrow, it’s typically not just the business, itself, that’s on the […]

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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.