Resources
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In Commercial Litigation, We Need To Be Aggressive

May 10, 2022

Earlier this month a former client and friend referred his neighbor to us. His neighbor had resigned from his position, but shortly thereafter been sued by his former employer for allegedly violating a non-competition agreement. The neighbor had originally hired an old-style law firm to defend him.  However, the neighbor did not feel that firm was aggressively…

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It’s Always Better to Plan Ahead

May 10, 2022

A recent experience with a new client brought home an age-old truism. In her case, an ounce of prevention most certainly would have been worth a pound of cure. The story begins when we were hired to represent a client who was tasked with opening an office for a new employer. The catch is that…

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Keep Your Eye on the Prize, Especially During Busy Times

May 10, 2022

We’ve recently been working with a prospective client who was seeking to leverage their brand, experience, and the current hot market with a strategic consolidation play, or roll up. They were looking to merge several similar businesses. But while on the one hand that hot market was a blessing, it also forced their focus on…

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Legal Professionals and Accountability

May 10, 2022

As professionals we need to be held accountable to our clients. As professionals we need to be prepared, and to do our level best on behalf of our clients. We as attorneys and legal professionals have an obligation to communicate clearly and openly with our clients. As I have explained in the past, as attorneys…

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Litigation and the All-Important Preliminary Assessment

May 10, 2022

Anyone who’s looking to file a lawsuit will have questions: Do I have the basis for a suit? Is this worth pursuing? What might the outcome be? As a legal professional, Calkins Law has answers. But we also recognize the value of research – we’d never just answer off the cuff. A thorough preliminary assessment…

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Local Business Growth with Paul Revere Network.

May 10, 2022

The sky is not falling in. If more local business owners with Paul Revere networks step up and volunteer to help, we can grow more successful businesses here in the Midwest. One example is OnShift. I’ve read a great deal of commentary about how Northeast Ohio startups have recently departed for California or other greener pastures…

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Material vs. Minor Breach of Contract

May 10, 2022

A contract is a legally binding agreement between two or more parties. Failing to perform the terms of the agreement can result in a minor breach of contract or a material breach of contract. First, you need a valid contract that is enforceable under your state laws. A valid contract must have a minimum number…

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Manage Your Business as if You’ll Be Selling It, Because You Probably Will Be

May 10, 2022

70% of privately held businesses will be sold in the coming decade. I heard this statistic while listening to a program and it immediately occurred to me that truer words are rarely spoken. That said, most business owners don’t see things this clearly, and most certainly don’t plan for it. In fact the majority of…

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Mergers and Acquisitions CFE Event

May 10, 2022

Headlines in Business, Mergers and Acquisitions & Market News: New home building drops in January. Groundbreaking on new homes fell 3.8%, surprising economists who expected to see a rise. Seasonal factors like the large blizzard that blanketed the East Coast could be responsible.[1] Unemployment claims fall unexpectedly. The number of Americans filing new claims for unemployment benefits…

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Online Real Estate Auctions: The Devil Is In the Details

May 10, 2022

At Calkins Law Firm the legal issues surrounding real estate are a solid part of our collective skillset. Unfortunately folks aren’t always seeking legal advice prior to bidding and winning in online real estate auctions. But getting a professional’s eyes on the details is key to making a sound purchase and not getting caught up…

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Our Clients Are In Charge

May 10, 2022

At Calkins Law Firm, our sole objective (within the bounds of the law) is to further the interests of our client. We operate based on the simple rule that the client is in charge. And from experience, we can say that every client is different. How Clients Differ As practicing business law attorneys with deep…

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Private Businesses and Succession Planning

May 10, 2022

We all know the distinct shifts this past year has brought. It undermined our ideas of permanence and predictability. In our hearts we all know that life can change in a moment, but sometimes we don’t fully grasp it until we see it playing out all around us. In light of the very little control…

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Representation and Warranty Insurance? Capital Is Better Spent on Due Diligence

May 10, 2022

Over the past several decades here at Calkins Law Firm we have assisted our clients through hundreds of mergers and acquisitions. And as is now the norm, representation and warranty insurance (RWI) were a key part of the process. These policies can cost untold thousands of dollars for buyers and sellers alike. Despite their ubiquitous…

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Should You Settle or Go to Trial?

May 10, 2022

We’ve all seen the true crime shows – an outraged, wronged victim takes their anger and frustration to court against the perpetrator. Claims are justified, the jury decides, and the gavel comes down on their side. But are things really that clear-cut? And is litigation always the best course to take? Real World Reflections In…

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Six Common Sense Guidelines for Starting & Building Businesses

May 10, 2022

Over the past several decades I have helped many people start and build their businesses. Many successful businesses would not even exist today but for my encouragement, guidance, support and advice. I was asked this morning for a few common-sense guidelines for starting and building your own successful business. On reflection, I offered these: 1. Stay…

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Smart Acquisitions in the Imperfect Market For Private Businesses

May 10, 2022

We have assisted clients with their acquisition of ongoing businesses for several decades. We have, during that period, assisted with quite literally hundreds of business transactions, including well over 100 business acquisitions. While some of our clients have been well-established businesses, we have helped individuals acquire dozens of ongoing businesses. As a general rule, our…

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Ten Commandments of Business Acquisitions pt. 3

May 10, 2022

Breaking It Down: The Third of the Ten Commandments of Business Acquisitions Our Ten Commandments of Business Acquisitions has been so popular that we have decided to break it down. To briefly discuss each of the Ten Commandments and its import and impact. The third commandment: “Obtain the exclusive right to negotiate .” Even a well-crafted…

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Ten Commandments of Business Acquisitions pt. 4

May 10, 2022

Breaking It Down: The Fourth of the Ten Commandments of Business Acquisitions Our Ten Commandments of Business Acquisitions has been so popular that we have decided to break it down. To briefly discuss each of the Ten Commandments and its import and impact. The fourth commandment: “Use seasoned financial and legal advisors.” I hate to…

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Ten Commandments of Business Acquisitions pt. 5

May 10, 2022

Breaking It Down: The Fifth of the Ten Commandments of Business Acquisitions Our Ten Commandments of Business Acquisitions has been so popular that we have decided to break it down. To briefly discuss each of the Ten Commandments and its import and impact. The fifth commandment: “Be Proactive.” By all means don’t just sit there…

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Ten Commandments of Business Acquisitions pt. 9

May 10, 2022

Breaking It Down: The Ninth of the Ten Commandments of Business Acquisitions Our Ten Commandments of Business Acquisitions has been so popular that we have decided to break it down. To briefly discuss each of the Ten Commandments, and its import and impact. The Ninth Commandment: “Engage Yourself in the Negotiations” Once you have agreed with…

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The All-Important End-Of-Year Review

May 10, 2022

2020 brought some unprecedented times. Patterns and norms were broken in countless fits and starts, and companies had to adjust. Now as we quickly round the bend toward 2021, we can easily forget to look back in our eagerness to rush ahead. For so many reasons, and to the extent that it’s possible, we recommend…

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The Case for a Rollup

May 10, 2022

Over our past three decades of deal making, we have assisted clients with almost every type of business transaction. Acquisitions have been most numerous, and some of the most successful of these acquisitions have been rollups. What is a rollup? A rollup (also referred to as a consolidation) is a term used to describe a company that…

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The Case for a Rollup Merger

May 10, 2022

Over our past three decades of deal making, we have assisted clients with almost every type of business transaction. Acquisitions have been most numerous, and some of the most successful of these acquisitions have been rollups. What is a rollup? A rollup (also referred to as a consolidation) is a term used to describe a…

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The Harder I Work, The Luckier I Get

May 10, 2022

I have had the opportunity to work for and with literally hundreds of business owners and managers over the course of my career in the private practice of business law. I can’t say for certain, as I have not collected the relevant data, but it occurs to me that many of the most successful of…

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The Steps in Due Diligence when Buying a Manufacturing Business

May 10, 2022

One of the first questions I am asked by clients looking to buy a business is, “What do I have to do for due diligence and how much will it cost?” At least, I hope they ask. A concerning number of people looking to buy a business do not do the basics of due diligence.…

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The Targeted Search for Acquisition Opportunities

May 10, 2022

Working with a partner who has connections in the business world can prove so helpful to clients who are looking to buy a company. For those without a clear goal, building a deal magnet is a necessary first step. This approach attracts an unfiltered and unsorted array of opportunities and is best for the buyer…

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The Tax Benefits of Hiring Freelancers for Your Business

May 10, 2022

An increasing number of businesses are opting to hire freelancers rather than employees. Could following suit benefit your business? While there are tax benefits to hiring freelancers, also known as independent contractors, there are also risks that business owners need to be aware of. This guide will help you decide if freelancers are right for…

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Tips for Preparing Your Business for Sale

May 10, 2022

Most business owners don’t plan to sell their business. They do it because they have to. The days where you could assume the next generation would take on the business are long gone. Whether it’s a forced retirement due to health issues or a lack of capital, there comes a time when a business needs…

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To Build a Successful Business, Carpe Diem – But Always Tackle the Worst, First!

May 10, 2022

Yes, as they say: Seize the day! Make today matter! Why put off for tomorrow what you can do today? I could not agree more. Do your most difficult tasks first! But if you want to build a successful business, and if you want a happy, productive and stress-free life, always tackle the worst projects and…

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Trending Tech: What All Small Businesses Should Have

May 10, 2022

Guest post by Courtney Rosenfeld, Gig Spark Technology plays an indispensable role in the daily operations of millions of companies across the world. With IT spending on the rise and new developments each year, it’s no surprise that organizations both large and small are looking for more ways to implement technology. For small business owners, the latest tech…

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