Managing Your Company Risks, Paperwork, And Deals

Lawyers, accountants, and bankers or other finance professionals like accounts receivable purchasers (factors) are not only routine parts of deal teams when you buy or sell a business, they are also people a buyer or seller needs to help run the company in the course of preparation for sale, or in general operations afterwards. An experienced business lawyer like Bill Price can help with:

Deals:

Every business transaction has some legal complications. There could be claims from copyright holders, or international and state laws against your perfectly reasonable ambition to match Captain Kidd at wealth accumulation, or other questions. Bill Price can help you quickly determine what questions to ask, and what options you have for better negotiation of deal and other daily business legal issues. He has taught business law to graduate students and undergraduates, answered tens of thousands of similar questions since 1978, and also knows how to research new issues that you may have to face in the course of your company’s operations. Make him your outside general counsel, to keep that advice available when you need it.

Risk Management:

You need to buy appropriate types of property and casualty and errors and omissions insurance, as well as other business insurance to cover against fire, flood, worker injuries, product liability, theft, and other general and industry-specific risks. Bill Price has lectured, lobbied, and advised many companies on risk management, insurance types needed (including litigation if the insurers failed to pay), and liability trends.

You need to buy appropriate types of property and casualty and errors and omissions insurance, as well as other business insurance to cover against fire, flood, worker injuries, product liability, theft, and other general and industry-specific risks. Bill Price has lectured, lobbied, and advised many companies on risk management, insurance types needed (including litigation if the insurers failed to pay), and liability trends.

Employees:

Nondiscrimination rules and laws on hiring, employee job descriptions, handbooks, and policies in same for discipline, discharge, sexually transmitted disease incidence, other disabilities, anti-nepotism, etc… can all use adaptation to your company, and a good business lawyer can help you with these, with contracts for key employees, and with engagement of employment-related service providers. Bill Price has also designed and written about employee stock option plans, benefit trusts (for tax and health insurance savings), captive insurance companies, “Obamacare” and its replacements, overseas and domestic reinsurance arrangements for health and other liabilities, and has helped with evaluation and career development for nonprofit and for-profit entities as a Board member and HR committee memer and Chairman.

Nondiscrimination rules and laws on hiring, employee job descriptions, handbooks, and policies in same for discipline, discharge, sexually transmitted disease incidence, other disabilities, anti-nepotism, etc… can all use adaptation to your company, and a good business lawyer can help you with these, with contracts for key employees, and with engagement of employment-related service providers. Bill Price has also designed and written about employee stock option plans, benefit trusts (for tax and health insurance savings), captive insurance companies, “Obamacare” and its replacements, overseas and domestic reinsurance arrangements for health and other liabilities, and has helped with evaluation and career development for nonprofit and for-profit entities as a Board member and HR committee memer and Chairman.

Suppliers:

“Work for hire” and other terms that protect your company’s IP rights when hiring freelancers, documentation of true “independent contractor” status (as opposed to a chance to get to meet the friendly litigators from the Illinois Department of Employment Security), supplier entity and supply chain organization, documentation of international and domestic contract or otherwise regular manufacturing, service, trade credit, customs and other freight forwarding arrangements, invoicing and payments vendor and process management, and negotiation of complex computer software or other supply deals are all things your business lawyer can work on, and Bill Price has, for many companies.

Finance Sources and Regulators:

The corporate book – a record of original issuance, periodic inter-shareholder or other interest transfers, of bylaws and minutes of entity action to approve financing terms, subscription agreements, and other official permissions to act or actions – is something the corporation or other entity’s lawyer often retains and usually helps keep up, with official annual reports, periodic financial reports for investors, new investor buy-in documentation, and updates to PPM’s or other outward facing paperwork that facilitate new inbound investment, along with any “blue sky” or other securities authority filings needed to stay in compliance. Bill Price has prepared deal and regulatory and entity paperwork for all these, and many more elements of the work of the entity documentation generation and records management process, at companies large and small.

Our Company Maintenance Lawyering Fees:

Business lawyering can be bought from Growthlaw.com on a per project basis at the full hourly norm of $375.00 plus expenses, on a reduced rate for long-term and regular purchasers, or at an even lower hourly rate for customers who commit to a minimum monthly retainer of services.

Our overall rates are considerably lower than those in large law firms, to encourage frequent and inexpensive consultation with your lawyer, to make sure you are doing deals right. They are also cheaper than hiring full-time in-house counsel, particularly if the lawyers available for same lack Bill’s transactional experience. There is nothing more expensive than bad advice.

Call or email us if your group needs problem identification, management, or solutions. Tel. 1-800-630-4780, email wprice@growthlaw.com.