Tag: VenJuris

  • Lawyers Protect you during a Business Divorce

    Pareja (Couple) by Daniel Lobo from Flickr (Creative Commons License)
    Pareja (Couple) by Daniel Lobo from Flickr (Creative Commons License)

    Over the last six months I’ve worked with a handful of companies that were experiencing major changes in regards to how the company is operating and who the owners are – usually resulting in one or more owners buying another one out. Sometimes the owners realize that they no longer have a shared vision and can work together amicably to resolve the situation so they can each move forward in their professional lives and sometimes it’s quite contentious. I often call the situations “business divorces.”

    When these situations happen, it’s helpful to get a business lawyer involved early in the process. You may only need in our consultation to discuss the situation in your proposed plan of action. Your lawyer can act as a neutral third party who doesn’t have invested ego in the outcome of the situation. Invite your lawyer to review your company’s operating agreement or bylaws (hopefully you have these) and remind you of what courses of action you previously agreed upon in this type of conflict (assuming you made these decisions when you started the company) and how to change the status of your business with your state’s corporation commission.

    Most business owners I know don’t want to think about the worst case scenario when their businesses are just getting off the ground and everyone is optimistic about the future; however, this is the best time to have this conversation and document it because this is when you are most likely to be thinking about what is fair and what is in the best interests of the company. If you wait until there is a conflict to try to have this conversation, you’re more likely to get into a battle of wills where people are more interested in what they want and/or hurting the other person.

    Additionally, if you are going through a “business divorce” expect it to take longer than you’d like. There may be valuations that need to be performed on the company, documents that need to be reviewed by your lawyer or accountant, and a custom contract drafted between you and your future-former-co-owner. This may involve a significant amount of negotiation and revisions.

    I actually enjoy drafting these documents to shift the ownership of the company, especially when both sides are represented by counsel. Each lawyer is an advocate for their client’s concerns without it having to be a combative situation. And we can shield our clients from the tribulations that would likely result if they tried to reach a resolution on their own. Ultimately we both want the same thing – a change in business ownership and clients who are satisfied with the outcome.

    If you are in a situation where the arrangement with your fellow business owners is no longer effective, please contact me or a business lawyer in your community. If you want to connect with me on social media, you can find me on Twitter, Facebook, YouTube, or LinkedIn.

  • Exciting News: I Joined Venjuris!

    My Business Card for VenJuris!
    My Business Card for VenJuris!

    A few months ago I made the important decision to join a law firm in Phoenix called Venjuris. The firm used to be Venable Campillo Logan and Meaney but they recently rebranded. I’m excited to combine forces with them. I’ve been getting settled in to my new office during the last two weeks and getting hooked into their computer file and billing system. I’ll be seeing clients again starting next week. Check out my new bio – I’m blonde!

    Will the Type of Work I Do Change?
    Not really. I will continue to work on copyright and trademark matters; website terms of service; business formations; contract negotiation, drafting, and review; and offer consultations for clients who need help with related to business, intellectual property, social media, and flash mob law issues.

    What do my New Colleagues Do?
    Venjuris is mostly an intellectual property firm. They do patents, copyrights, trademarks, and licensing. We also have an attorney who does intellectual property litigation. They also do a lot of international intellectual property work. They’re all awesome people. (I wouldn’t have joined the firm if they weren’t.)

    What will happen to Carter Law Firm?
    Nothing! I will continue to do professional speaking and writing under Carter Law Firm, but all new client matters will be handled under Venjuris. I’ll continue to write blog posts and make videos for Carter Law Firm on at least a weekly basis and I’m putting more energy into public speaking. I have gigs lined up for San Francisco, Las Vegas, and London in the first half of this year and, of course, I’m doing The Undeniable Tour starting in March.

    I will be revamping this website to shift the focus to speaking, writing, blogging, and vlogging during the next few weeks (maybe months). But in terms of what I do and how I do it, not much will change.

    Where’s my New Office?
    1938 East Osborn Road, Phoenix, AZ 85016

    Will Rosie Still Come to Work with Me?
    Yes. For now, she’s allowed in the office one day a week. Hopefully my colleagues will see that she’s not a distraction and actually helps me work better and will let her come more often.

    Want to See my New Office? I made a Video!

    How can you Contact Me?
    If you’re interested in hiring me for legal work, contact me at rcarter@venjuris.com.
    If you’re interested in hiring me to write an article or post for you or speak at your event, contact me at ruth@carterlawaz.com.

    Email is usually the fastest way to reach me.
    Of course, you can always connect with me on Twitter, Facebook, and LinkedIn.