Business Planning & Financing
I can help small businesses determine the method for financing for start-up or growth. I also advise on the terms of the financing and handle the necessary contracts.
My knowledge of the law and my background as a CPA provides valuable insights in the process of business financing. My Austin law practice has assisted a wide range of clients in Travis County and Central Texas. Arrange a consultation at 512.457.1177 with an experienced and trusted lawyer.
Business Financing Counsel
The first question is whether to borrow money or bring in investors. There are pros and cons to each. In private investment, you may have to give outsiders a say in the management of your business. If you borrow money from a traditional lender, you keep your autonomy but you will have to put up collateral.
I can assist in loan agreements for enterprises. I can help you answer key questions and work out the terms: What collateral will you use? How much should you risk? Can you get a better deal?
Whether borrowing or taking on investors, you will need to provide a long-term plan for the business and substantial documentation. You have to be careful with disclosures and representations to avoid later allegations of investment or financing fraud. The law office of John McDuff provides complete business planning services.
If you are considering putting money into a business, I can perform the due diligence to determine if it is a worthy investment or a likely loser. I consider the company’s product lines or services against market conditions, examine disclosure statements and find out if there are liens, pending lawsuits, or licensing or regulatory issues.
In exchange for investing, do you get a guaranteed return (preferred stock)? Do you get a say in the governance of the business? If so, a majority vote or a minority say? Whatever terms are negotiated, they must be spelled out in clear language.
Contact Austin Business Lawyer & Former CPA, John McDuff
Business financing is complex, with options and considerations too numerous to list here. Call me directly at 512.457.1177 or contact me online to arrange a consultation.