Access to Capital for Entrepreneurs (ACE) presents: “Ask the Professionals”
Legal Strategies to Manage the Human, Contractual, and Monetary Resources of Your Business
ACE, in partnership with the law firm of Smithers Thornton & Ume-Nwagbo, LLC (STU)
Date: Friday, May 9th, 2014
Time: 8:30 AM – 1:45 PM (a 1/2 day workshop)
Where: Club E Atlanta
3707 Main Street
College Park, GA 30337 (Atlanta metropolitan area)
Additional: Optional Networking
1:45 PM – 3:00 PM
Cost: $25.00 *
*Includes complimentary breakfast and lunch
“Ask the Professionals” is a series presented and sponsored by ACE Loans® to help business owners identify and address issues, strengthen their businesses, and tap the resources they need to do this.
The “Legal Strategies to Manage the Human, Contractual, and Monetary Resources of Your Business” is a one-half day workshop that focuses on three key components essential to any business: human capital, contracts, and third party funds. How do you use, protect and manage these resources efficiently? Attendees / participants will not only here presentations on these key components but will also have the opportunity to interact with the presenting attorneys, ask questions and gain invaluable legal and business insight.
The attorneys at Smithers Thornton & Ume-Nwagbo, LLC (STU) are well-versed in the needs of entrepreneurs and business owners. So many attorneys are not.
Here is more information about each workshop component:
Human Capital: Paying the Cost to be the Boss
As a business owner, you need to understand the full legal implications of running your business with employees, independent contractors, and interns, collectively known as “human capital.” Designating individuals as independent contractors when they do not pass the Department of Labor and IRS independent contractor stress test can cause you to owe back employment taxes and, potentially, significant penalties.
In addition, what type of documentation and procedures must you use and put in place to ensure fair treatment of your employees? Perceived unfair treatment can lead to a wrongful termination suit. Without proper documentation and procedures, you have a high probability the courts will side with your former employee. Attend this event to learn how to properly structure or re-structure your HR activities to protect your company.
Contracts: The Devil is in the Details
As a business owner, it is important to understand how to structure your contracts or ensure contracts you enter in are properly structured. You must understand how to use your contracts not only to protect yourself from expense and liability, but also to maximize revenue. Successful contracts do not begin with the finished product. You must understand your goals, clearly document those goals in your contract, engage in successful negotiations with the other party and include provisions that focus on resolution instead of litigation to resolve misunderstandings.
Attend the event to learn how to improve the structuring of your contracts to accomplish your business goals faster and easier.
Third Party Funds: Putting Others’ Money to Work for You
As a business owner, it is critical that you understand the legal ramifications of the various options you have to fund your business’ growth. Bank loans or commercial loans have different legal requirements than equity options which have different legal requirements from revenue share options.
If you will be in the Atlanta vicinity on May 9, attend this event to learn about the various sources of financing you may be considering, but from a legal perspective.
Remember, the event is May 9th, 2014 from 8:30 am – 1:45 pm.
Ms. Roxann Smithers, Member, Smithers Thornton & Ume-Nwagbo, LLC