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The Isolated Offering
A Newsletter of The Lebrecht Group, APLC |
| June 24, 2009 |
Volume 09, Number 6 |
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In This Issue 5 Ways to Help Maintain ’34 Act Compliance How to Choose a Corporate Securities Attorney More Articles The Long Arm of the (Securities) Law Seven Tips for Companies Going Public Through a Management-Underwritten Initial Public Offering FINRA Comments Are Leaving Many Startup Companies “Shell” Shocked TLG Reduces Cost of Being Public
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5 Ways to Help Maintain ’34 Act ComplianceAlthough the economy appears to be starting a slight recovery, times remain tough for many companies. Public and private companies once thought beyond reproach have failed or are failing. When the stalwarts of the American economy are struggling how are smaller reporting companies expected to survive and maintain their public company status? While there is no magical elixir, there are several things management of smaller reporting companies can do to improve their chances of remaining publicly-traded companies. Some of these suggestions are cost cutting measures and some are strategic alternatives. By following some or all of the suggestions in this guide we believe smaller reporting companies can drastically improve their chances of remaining listed on their current stock exchange. ...[more]How to Choose a Corporate Securities Attorney Featured Client Link:
Corporate securities law is a complicated area of law and individuals or companies that have securities laws issues should seek an attorney with experience in that area. But how do you go about doing that? Not so long ago an individual or company in need of an attorney that practiced securities law had two options: ask for a referral or randomly search in the Yellow Pages. With the advent of modern technology one of these methods remains tried and true and the other almost completely obsolete. Although this article focuses on looking for a corporate securities attorney, most of these tips will apply just as well to the search for an attorney in any field. This article tackles the process of choosing an attorney in two steps: first, locating an attorney with experience handling corporate securities matters; and, second, choosing from among the qualified attorneys that you discover as a result of your search. Step One: Locating a Corporate Securities Law Attorney. 1) Referral. The oldest method to locate an attorney remains the best way for many as they feel more comfortable when a trusted advisor like an attorney is referred by someone they trust. However, unlike other areas of law, many individuals or companies do not have a trusted referral source for a securities law attorney like they might for an attorney that practices in a more well-known field such as family law or a trusts and estates. This makes the sources to locate a qualified attorney, other than a referral, that much more important for corporate securities law. Additionally, even if you get a referral to an attorney, you may only get one in this field and if you do not feel comfortable with that attorney you need a method to locate additional qualified attorneys. 2) Local Business Organizations. If you are like many people and you do not have a trusted person to ask for an attorney referral or want more options than the referrals you receive, attend some local business organization meetings, like your local Chamber of Commerce and ask around. There is a good chance that you will either come across a few business owners that have an attorney they trust and like, or you actually will meet a few attorneys with experience in corporate securities law. The Chamber of Commerce is just one example. To find others that may be active in your area use Google or Yahoo and do a targeted search for local business organizations in your city or county. ...[more] |
