A client entered into a $1.5 million subcontract initially to perform a significant restoration to a major transportation hub and thereafter to conduct monthly maintenance services. The client asked for a long-term contract so that it could pay down the significant upfront restoration costs over a period of time. Monthly…
A middle-aged woman requested a consult on website documentation for her new business. The first question is always about the business. In this instance, she intended to invest $150,000 into a business that sells custom made phones to the elderly. I asked her about her experience in the cell phone…
A third-generation family business wanted to update its practices. It hired an independent consultant to review and revise its entire business, from bookkeeping to human resources, to computers, to workflow. After 6 months of work at the cost of $60,000 to date, one of the business owners discovered that the…
Two lifelong friends went into business together. They reasoned that because they were such good friends, they did not need a partnership agreement. Not the first time this has happened, and not the first time this has caused a problem. The failure to formalize agreements at the outset is a…
An individual who had recently purchased a business called. She had paid $300,000 for the business. Following the closing, she realized that she had gotten far less than she had bargained for. In fact, the business was not viable. She had acted without a lawyer because the seller told her…