Mr. Shanaman also keeps deeply involved in reviewing and analyzing financial statements. Mr. Shanaman provides advice for labor matters, litigation, strategic business planning, succession planning, dispute resolution and all related business legal matters including mergers and acquisitions. His responsibilities often involve working closely with company accountants for year-end tax planning and preparation of audited financial statements.
Mr. Shanaman plans and develops various startup companies, including the choice of entity, negotiation and preparation of organizational documents for corporations, limited liability companies, and general and limited partnerships, drafting and negotiating shareholder and buy-sell/cross-purchase agreements, operating agreements, and general and limited partnership agreements. While representing companies, Mr. Shanaman has also been called upon to prepare and negotiate employment, executive compensation, severance, sales representative, manufacturing, distribution, construction, subcontractor, stock redemptions, letters of intent, and sale of assets, stock sale, marketing and management, confidentiality and non-compete agreements. As part of a particular company's financial needs, Mr. Shanaman will prepare, review, and negotiate all commercial instruments including loan agreements, promissory notes, revolving credit notes, lines of credit and guaranty agreements, security agreements, and UCC compliance.
An area of specialty in Mr. Shanaman’s practice involves representing clients in all aspects of commercial sales and purchases for real estate transactions; some valued in excess of $10,000,000. Mr. Shanaman has extensive experience in preparing and negotiating all documentation in connection with real estate matters including sale and purchase agreements (coordinating due diligence investigation), financing, title commitments, deeds, mortgages, land contracts, closing statements, escrow agreements, abandonment/vacation actions, easements and commercial leases (retail and industrial).
Mr. Shanaman is a member of the State Bar of Michigan and its Real Property, Business Law and Taxation sections and the American Bar Association. He is also admitted to practice in the Federal District Courts in the State of Michigan.Mr. Shanaman received his B.A. from Michigan State University in 1977, J.D. from Thomas M. Cooley Law School in 1980, and an L.L.M. in Taxation from Wayne State University Law School in 1987.