Corporate Lawyer in Michigan
Corporate law is an often complex and difficult area for businesses to navigate properly and effectively. Things such as company structure, governance, corporate finance and compliance with regulations are critical for the success of a business, yet are often complicated enough that business owners require assistance in order to handle them properly. Attorneys specializing in business and corporate law are indispensable in helping businesses manage these issues, and their assistance can ensure a business’s structural and legal framework is sound for long term success.
Hoeg Law specializes in corporate law, with years of experience helping companies through different stages of growth. With over a decade of experience working at a large law firm, Richard Hoeg offers clients extensive legal expertise at a fraction of the cost charged by larger firms. When working with Hoeg Law, you can expect big firm caliber work with a personalized, small firm approach.
If you, or your company need assistance with matters related to corporate law, financing, or business law in Michigan, call for a free consultation today.
When starting or making a major change to a company, business owners often have many difficult questions. These questions may include:
- How do you capitalize your business?
- Do you take on debt?
- Should you take on debt from friends and family, or from institutions?
- Do you issue equity? If so, what are the terms?
- How much control of your company should you give up?
- How do you ensure compliance with securities laws?
- Should you file federal notice forms or use a local exemption?
While these questions can be quite daunting, an experienced corporate law firm can help businesses structure and negotiate these transactions. Hoeg Law has years of experience working with businesses on both sides of the equation. Regardless of the particular situation a business finds itself in, Hoeg Law can be counted on to assist in facilitating the best outcome possible.
Corporate Law Representative Services
Promissory Notes – Simply put, these are written agreements from one party to pay another. This includes the sum of money, terms of the payment, maturity date, etc. These notes allow individuals or companies to receive financing from sources other than banks.
Angel Financing – We help entrepreneurs and companies with contracts and other details surrounding the financing of startup companies including angel investments. Angel financing involves outside investors financing a startup in exchange for convertible debt or equity in the company.
Seed Rounds – Hoeg Law helps business owners and investors with legal details surrounding seed round funding. There are many aspects involved with seed round funding, such as the amount of money involved, the number of investors, method of payment, and more.
Securities Law (Blue Sky) Compliance – Securities Law is enforced at the federal level in order to protect investors. On the other hand, each individual State has its own set of “Blue Sky” laws that are enforceable at the local/State level. In Michigan, these laws are referred to as the Michigan Uniform Securities Act. Hoeg Law helps Michigan small business owners ensure they’re compliant with these laws.
Regulation D (Rule 506(b)) – Rule 506b of Regulation D, provides exemptions for companies offering and selling securities. According to the SEC, “Under Rule 506(b), a “safe harbor” under Section 4(a)(2) of the Securities Act, a company can be assured it is within the Section 4(a)(2) exemption by satisfying certain requirements” (U.S. Securities and Exchange Commission, Rule 506 of Regulation D, 2017)
Regulation D (Rule 506(c)) – Simply put, Rule 506c of Regulation D allows a company to advertise their securities offerings provided that several requirements are met. These requirements include: all purchasers must be accredited investors, the issuer takes reasonable steps to verify purchasers’ accredited investor status, and other conditions in Regulation D are met. (U.S. Securities and Exchange Commission, General solicitation Rule 506(c), 2017)
Crowdfunding Exemptions – Certain requirements must be met to qualify for the Regulation Crowdfunding exemption.
Preferred Stock Terms – We help clients with various aspects of angel investing including the negotiation of preferred stock terms.
Convertible Debt – We help founders and investors work out details behind the funding of startup companies. This may include debt obligations, equity, stocks, loans and more.
Investor Rights Agreements (IRA) – An Investor Rights Agreement or IRA, is a standard document between venture capitalists and other parties in regards to financing a startup company.
Authorizing Resolutions – This document is required by local governments to approve issuing securities.
Charter Amendments – Amendments to the charter documents of the corporation or company. These documents can vary based on the individual State. For example, in Michigan this would be the Articles of Incorporation/Organization; in Delaware this would be the Certificate of Incorporation/Formation.
Subordination – Lending documents require a party to subordinate their rights to a more institutional lender.