Resources
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So, You’ve Been Sued? Choose the Proactive Path

May 11, 2022

We recently suggested to an acquaintance that they retain us to represent them in a suit that was brought against them. They took us up on the offer and were able to take advantage of our deep expertise, vast experience, and unsurpassed service. And for a top-notch law firm, they found us to be surprisingly…

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Someone Wants to Buy My Business. Now What?

May 11, 2022

This is a question we hear from business owners who have been approached about the possibility of selling their business. Prospective sellers are always concerned about selling at a satisfactory price and on satisfactory terms and conditions. Business sales and purchases take a fairly standard and logical step by step approach. We have guided many…

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Protect Your Business Against Spoofers and Fraudsters

May 11, 2022

Defining Threats So, what are spoofers? They can assume many personas, but what we’ve seen is that these criminals will often pose as legitimate creditors. They then gain access to your email account and attempt to misdirect cash from the accounts of actual creditors who are owed money by your business. Anything they poach goes…

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Project and Protect: Why Everyone Should Care About Estate Planning

May 11, 2022

The Lowdown First off, let’s be clear – these are sensitive topics and aren’t thoughts that anyone likes to linger on. But a little planning now can have a huge impact on our family’s future, and that is worth talking about. So, just what is estate planning? Well, once we either aren’t around, or for…

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Procrastination is a Recipe for Risk

May 11, 2022

When we work with a client who plans to buy a business, we are always upfront with our suggestions. And we will never encourage procrastination. Instead, we’d rather see them go after their goals, find the acquisition opportunity, and move ahead with closing the purchase. Ensuring that everything checks out in the deal, there is…

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No Matter the Lawsuit, We’re In It to Win It

May 11, 2022

Despite the common depictions on serial television shows, many legal battles don’t end up in court. In general, neither we nor our clients want to see excessive amounts of time and treasure consumed by prolonged litigation. But the fact that a trial isn’t the goal doesn’t change how we work. Whether we aim to proceed…

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Must-Have Contracts to Protect Your Business: Advice from a Business Contract Attorney

May 11, 2022

Too many businesses ignore the importance of business contracts as a way to protect their company from liability and risk. Suing a business for negligence is harder when the business uses well-drafted business contracts. To protect your business, work with a business contract attorney to develop agreements and contracts that are aligned with business contract…

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“More Better” at Business Transactions & Commercial Litigation

May 11, 2022

You read that right. When it comes to attorneys, “more better” is actually a thing. Let me explain. We get inquiries all the time from prospective clients with legal issues and problems to address and resolve.   These queries arrive via email and telephone calls from here, there, and everywhere. When we first launched CLF, we…

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Mergers and Acquisitions Q1 Recap

May 11, 2022

The volume and value of disclosed U.S. Mergers and Acquisitions deals declined compared to Q1 2015, but the number of deals closed marked the third highest Q1 in the last 7 years. IPO activity also dried up in the first quarter, where only 8 companies raised approximately $700 million in capital, compared to 32 companies…

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Legal Research Can Be Invaluable

May 11, 2022

Here at Calkins Law Firm, our seasoned business attorneys readily know the answers to many, if not most, of the legal questions and issues we encounter. That’s the natural result of diligence and experience. But from time to time, even our resident experts find that legal research can be invaluable and well worth the (often…

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Is Commercial Litigation Really “Worth It”?

May 11, 2022

At Calkins Law Firm, we certainly know how to “put up a good fight” and to put our client’s best case forward in commercial litigation matters. Effectively understanding contested issues, marshalling evidence, and then presenting the client’s case is more than half of the battle in commercial litigation. But one has to ask whether full-blown commercial litigation-fighting…

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Insights on Business Valuation for Buy/Sell Purposes

May 11, 2022

This Week: Three Articles on Buy/Sell and Divestiture Business Valuation Business Valuation Approaches There are three generally accepted Approaches to value which can be used to value almost any asset: businesses, real estate, vehicles, personal property, etc. The three most common Approaches are: The Asset Approach, The Income Approach; and The Market Approach. READ ABOUT…

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In For a Dime, In For a Dollar––The Importance of Following Through

May 11, 2022

In business law, we are definitely a value leader. From the standpoint of cost effectiveness and when compared with our competitors–large, old-style firms–Calkins Law Firm is one of a kind in almost every way. That said, it remains true across the board that clients should always be prepared to follow through. After committing to doing…

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In Business Transactions As In Life, Hope For the Best But Plan For the Worst

May 11, 2022

The people who build successful businesses are by and large optimists. If they weren’t, they wouldn’t have the commitment and the drive to invest so much of themselves and to build a successful business against all odds. I am all in favor of optimism, and a positive outlook. If you believe that the sun will…

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In Business, As In Life, Take Things Step by Step

May 11, 2022

At Calkins Law Firm we have been privileged to successfully help and guide business owners for decades. Over that time and while building our own business, we’ve learned a few things. One truth that comes up over and again is that in both business and life, progress generally comes one step at a time. As…

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How to Win a Breach of Contract Lawsuit

May 11, 2022

When I consider all the claims our law firm is asked to handle, breach of contract is at the core of most of them. This is because at its essence, a business is a bundle of relationships. You have relationships between you and your customers, you and your vendors, and you and your employees. And…

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How to Issue Equity to Employees in a Startup

May 11, 2022

Most startups operate with limited capital. To keep employees on board, equity can be used to compensate them as the business grows. However, it’s important to understand how to issue equity to employees. You need to find a good balance of protecting your ownership while also rewarding employees who are adding value to your company.…

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For a Commercial Litigation Claim, KISS (Keep It Simple Stupid!)

May 11, 2022

Recently I was approached by a former client and asked to handle a piece of commercial litigation for him in Guernsey County, Ohio. I declined to get involved in the commercial litigation claim, as it made far more economic sense for the former client to engage local counsel.  It did not make financial sense to have me…

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Do Your Homework on Business Organizational Documents

May 11, 2022

Time spent periodically reviewing your business organizational documents such as articles of incorporation and other related documents can be time well spent! Drafting your own corporate documents can be a penny wise and pound foolish decision. Recently a client encountered difficulties when she drafted her own shareholders’ agreement without benefit of seasoned legal counsel. The buy-sell…

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Do What You Know Works, But Try New Things Too

May 11, 2022

When launching or building a business, folks can go one of two ways: stick with tried-and-true techniques, or go for the latest, greatest method. We would argue that the best path lies somewhere in the middle and as with most things in life and in business, balance is the best technique to employ. To that…

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Calkins Law Firm & OnShift – The Story of a Cleveland Startup

May 11, 2022

Here at Calkins Law Firm we well remember the day when Gene approached us, asking for help with his exciting idea for a new cloud-based software solution. He was hoping to tackle a niche need – managing workforce challenges in healthcare. In specific, he wanted to help senior care facilities to find the best workers to…

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Calkins Law Firm and the Global Pandemic

May 11, 2022

We might be boutique and new-model, but Calkins Law Firm was not designed and built with the ongoing COVID-19 pandemic in mind. The current crisis does play to and leverage our strengths but it’s clear that our positive outcomes aren’t by chance – they are the result of deliberate decisions made to benefit our clients. Philosophy…

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Business Growth: Estate and Tax Planning for 2016

May 11, 2022

The Center for Free Enterprise (CFE) Our purpose is to provide a social network and platform for business people, concerning middle market mergers and acquisitions, business formation, business growth, and free enterprise generally. Business Growth: Cutting Edge Estate and Tax Planning for 2016 How to maximize the value of one’s estate or proceeds from the…

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Business Divorce: What We Recommend and Why

May 11, 2022

As a boutique business law firm, we don’t handle divorces or family law but we do inevitably assist with more than a few so-called “business divorces.” At Calkins Law Firm, when we assist with organizing a business, we do our level best to anticipate and plan for any and all contingencies in the organizational documents.…

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Be Aware of the Legal and Viral Risks of Reopening Your Business Post COVID-19

May 11, 2022

Businesses are beginning to consider reopening their doors and starting in-person operations once again. But, before they welcome their employees back with open arms, business owners should consider what a post-COVID-19 working world will look like. Things will not be the same. Concerns regarding the virus and its lingering effects will remain. Employees want to…

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Addressing Default Judgments In the Time of COVID

May 11, 2022

Calls from defendants who were never properly “served,” or given delivery of a notice of legal proceedings, are growing. Every week we hear from folks who were unaware of a case opened against them and who also, unbeknownst to them, lost the case by default. These default judgments have become commonplace during the pandemic. One…

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A Buyer’s Biggest Mistake? – Buying the Wrong Business

May 11, 2022

In the past I’ve stated that the biggest mistake business buyers make is failing to perform appropriate and effective due diligence on their chosen acquisition opportunity. Most business buyers feel they can perform the acquisition due diligence themselves, but I’ve seen plenty of examples in which buyers missed something very important in the process. Insufficient…

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6 Things Venture Capitalists Want to See Before They Invest

May 11, 2022

Many entrepreneurs looking for funding from Venture Capitalists know nothing about how the venture capital investment process actually works. Accessing venture capital is a slow process and requires lots of time and trust. Taking on venture capital investment is taking on a partner – a partner who will want an active say in how you…

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3 Tips for a Successful Acquisition Search + 3 Years of CLF

May 11, 2022

An Acquisition Search Should Be BOTH Systematic and Opportunistic It occurs to me that when you search for an acquisition opportunity, it is very important to have a well-designed process in place, but also be open to unforeseen opportunities to come your way. The more thoughtful your plan – the more likely you are to…

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Adapting to Economic and Business Changes Post COVID-19

May 10, 2022

The world will never be the same again. This string of heart-racing, anxiety-intensifying buzzwords has been repeated endlessly in the news and spread across social media. Are they true? Most likely. Does it mean that businesses will not be able to survive and adapt? Not in the slightest. The “new normal” is coming – but…

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