Governing Documents, Bylaws and Operating Agreements
The details matter when it comes to running a business. And so does the paperwork.
We advise all new companies and corporations to carefully think about, draft and adopt initial documents such as bylaws or an operating agreement to govern the company. Sometimes this is completed, while other times it slips through the cracks. Sometimes the documents are drafted, but never signed. And other times, they are drafted and adopted but the documents do not really serve the company’s purpose, fail to reflect its values, or just become outdated with the arrival or departure of new shareholders or members.
When these situations arise, we recommend taking another look at these originating documents, and conducting a comprehensive review to amend the documents so that they reflect how the company actually operates.
A comprehensive review of a company’s bylaws or operating agreement can reveal a number of vulnerabilities that are often easily addressed in a revision. These include unintended consequences in the event of death or disability of a key shareholder or officer and unreasonable quorum or voting requirements in the event the company is seeking to make changes within.
The attorneys of Dalton & Tomich have collaborated with many companies to craft and revise initial governing documents that lay the framework for a successful future.
We can help you meet your goals.
The attorneys of Dalton & Tomich, PLC have the experience and the knowledge to work with you to develop a legal solution that helps you accomplish your goals.
Speak With an AttorneyAbout Us
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.
Drew PatrickOwner & President, Skidmore Studio
Having worked with Zana for 10 years, I can attest to her professionalism, her pragmatism, and most importantly, her integrity. I always get sound, thoughtful advice and guidance. From routine filings & updates to the highly unexpected, Zana’s there to help, always responding quickly and […]
Read MoreChanel HamptonFounder & CEO, Strategic Community Partners
We highly recommend Dalton & Tomich! As a start-up firm that has rapidly grown across the country in under 5 years, Dalton & Tomich has been integral to our sound, credible, and excellent in standard infrastructure. As we’ve scaled, Zana has been right by our […]
Read MoreLuis HermosilloProfessional Photographer, Northern Illinois
As a professional photographer in the wedding industry, reliable communication is very important to me. Noel was very knowledgeable and quick to respond to all of my questions and not just that, he also gave me suggestions when reviewing and updating my contract. The entire […]
Read MoreMeredith SimpsonPrincipal, Group eX
Zana’s expert guidance has helped us to move forward with clarity and confidence in our business endeavors. She helped us create a new business entity, and a few years later to navigate a tricky buyout—all with a clear path forward for business growth. Her calm […]
Read MoreMorgan FedroHealth Coach, WellTours LLC, Oak Forest, IL
Noel’s guidance was much appreciated when redrafting my client contract. He was very professional, respectful of my time and potential costs, and was sincere with his advice. I trusted that he had the highest good for my business in mind. I will seek out his […]
Read MoreAmanda LewanCo-Founder & CEO, Bamboo Detroit
Zana’s expertise in employee law has helped us refine and build a stronger operations and hiring strategy at my company. As a business owner of a small and fast growing company, I very much appreciate Zana’s ability to always step into any situation quickly and […]
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