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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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Texas Court strikes down the Methodist Trust Clause

  • April 11, 2021
  • by Daniel P. Dalton

In a landmark decision, a Dallas Texas County Court invalidated the enforcement of the United Methodist Trust Clause in favor of  Southern Methodist University thereby freeing it from property ownership claims of the South-Central Jurisdictional Conference of the United Methodist Church. The Court entered an order dismissing […]

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Can I Run a For-Profit Business In Accordance with My Religious Values?

  • April 2, 2021
  • by Noel Sterett

The short answer is yes. There are thousands of for-profit businesses in the United States that are owned and operated by people with strong religious convictions and values. Many business owners actually owe their success to the religious values that drive them. Two of the […]

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Understanding Indemnification Clauses

  • March 26, 2021
  • by Sorin Leahu

If you have ever read a contract, it is likely that you would have come upon an indemnification clause.  These clauses tend to be placed towards the end of a contract and can be confusing for many. So what is an indemnification clause? Indemnification is […]

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Three Ways Boilerplate Language Impacts a Business Divorce

  • March 24, 2021
  • by Zana Tomich

Time and again, I am contacted by clients experiencing difficulty with their business partners, or fellow shareholders, and looking for a way out. The conversation usually results in a review of the company’s organizational documents. More often than not, we find the parties adopted boilerplate […]

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Regulations paused under new administration

  • February 17, 2021
  • by Zana Tomich

Days after publishing Independent Contractor Rule Gets An Update . . . For Now, the Biden administration was inaugurated and the new President used his first days of office to put a freeze on proposed regulations with pending effective dates. This is not unusual once […]

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Independent Contractor Rule Gets an Update . . . For Now

  • January 19, 2021
  • by Zana Tomich

Earlier this month, the United States Department of Labor issued a final rule on classifying workers under the Fair Labor Standards Act, clarifying the test to determine who is an independent contractor. The FLSA requires covered employers to pay nonexempt employees minimum wage for every […]

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Zana Tomich Named a “Go-To” Business Lawyer by Michigan Lawyers Weekly

  • January 4, 2021
  • by Emily

Media Contact: Barbara Fornasiero; EAFocus Communications; barbara@eafocus.com; 248.260.8466 Detroit—December 30, 2020—Zana Tomich, co-founder of Detroit-headquartered law firm Dalton & Tomich PLC, has been named a Michigan “Go-To” Lawyer for Business by Michigan Lawyers Weekly.  The publication’s “Go-To” Lawyer honor spotlights Michigan lawyers who are leaders […]

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5 Supreme Court Cases to Watch for in 2021 Which Could Affect Your Business

  • January 3, 2021
  • by Sorin Leahu

With 2020 winding down, many businesses are looking ahead to 2021. For most businesses, 2020 has been a difficult year and they hope that 2021 will bring with it a return to normalcy. While we can never predict the future, businesses should be aware, to […]

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Preparing Your Closely Held Company for a Merger or Acquisition in 2021

  • January 2, 2021
  • by Zana Tomich

We recently learned that two regional banks, Huntington National Bank and TCF will be combining in 2021. It’s likely just the start of a trend that will carry well into the new year. After all, the fallout from 2020 is still being experienced across all […]

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Q&A: Nonprofit Corporations and Real Property Ownership

  • December 31, 2020
  • by Adel Nucho

The value of assets in the United States within the nonprofit sector alone was about 6 trillion dollars in 2016 ($5,990,470,000,000.00 to be exact!), according to the National Center for Charitable Statistics. Real property (like land and buildings) is considered an asset, and it is […]

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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.