Does Your Family Business Have a Succession Plan? It Should
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...
View ArticleSuccession Planning: Protecting Your Business in the Event You Are No Longer...
Running a successful business requires skill, dedication, and the ability to look beyond the particular product or service that your company provides in order to protect the entity and its assets....
View ArticleZana Tomich Named a “Go-To” Business Lawyer by Michigan Lawyers Weekly
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,...
View ArticleSuccession 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,...
View ArticleExpect the Unexpected: Key Issues to Consider for a Buy-Sell Agreement in...
It’s one of the questions that new business partners most commonly overlook: What happens when one of the owners leaves the business?For example, let’s assume that two people open a restaurant...
View ArticlePractical Ideas for Business Succession Planning in Michigan
A business succession plan, like an estate plan for an individual, is something that requires clear-eyed, strategic thinking. It’s not something to put off until it becomes an urgent necessity. In...
View Article5 Scenarios Where it’s Critical to Call Your Business Attorney
We may not always like it, but us business attorneys know that you business owners are often out there wheelin’ and dealin’ with handshakes and a hope for the best, and in many cases that works out...
View ArticleAvoiding Business Disputes When the Founder’s Children Take Over: A Practical...
For many business owners, the most attractive and aspirational succession plan is to pass the family business on to their children. However, passing a business down to different generations can be a...
View ArticleThe Next Chapter: Succession Strategies for Michigan’s Family Businesses
As a family-owned business grows under the leadership of its founder, a question arises sooner or later that often gets neglected: “What happens next?” The recent public dispute within Rupert...
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