Comments for WALKER CORPORATE LAW GROUP, PLLC http://walkercorporatelaw.com Mon, 15 Mar 2010 23:20:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on It’s Time to Destroy the Billable Hour by Scott Edward Walker http://walkercorporatelaw.com/lawyers/its-time-to-destroy-the-billable-hour/comment-page-1/#comment-100 Scott Edward Walker Mon, 15 Mar 2010 23:20:15 +0000 http://walkercorporatelaw.com/?p=758#comment-100 Thanks Pablo. You're a smart entrepreneur - and it is indeed a pleasure working with you. Thanks Pablo. You're a smart entrepreneur – and it is indeed a pleasure working with you.

]]> Comment on It’s Time to Destroy the Billable Hour by Pablo Ambram http://walkercorporatelaw.com/lawyers/its-time-to-destroy-the-billable-hour/comment-page-1/#comment-99 Pablo Ambram Mon, 15 Mar 2010 22:58:10 +0000 http://walkercorporatelaw.com/?p=758#comment-99 Thanks Scott for another interesting subject... There's another inefficiency generated from the billable hours concept: When lawyers scare you with billable hours from the get-go you feel reluctant to call and ask for advice, which in turn may cause you to take the DIY way, making mistakes that could be costly to fix later.<br><br>On the other side of the table, fixed rates may in effect reduce the money per transaction for the lawyer, but it probably makes it up in elevated volume of transactions, or put another way, a lot of new and recurring clients.<br><br>This is why entrepreneurs should always find an entrepreneur-minded lawyer team to work with since it makes all the difference in the world!<br><br>DISCLAIMER: I am a happy and satisfied client of Scott's team. Thanks Scott for another interesting subject… There's another inefficiency generated from the billable hours concept: When lawyers scare you with billable hours from the get-go you feel reluctant to call and ask for advice, which in turn may cause you to take the DIY way, making mistakes that could be costly to fix later.

On the other side of the table, fixed rates may in effect reduce the money per transaction for the lawyer, but it probably makes it up in elevated volume of transactions, or put another way, a lot of new and recurring clients.

This is why entrepreneurs should always find an entrepreneur-minded lawyer team to work with since it makes all the difference in the world!

DISCLAIMER: I am a happy and satisfied client of Scott's team.

]]> Comment on Launching A Venture: Ten Tips For Entrepreneurs by Scott Edward Walker http://walkercorporatelaw.com/entrepreneurship/launching-a-venture-ten-tips-for-entrepreneurs/comment-page-1/#comment-96 Scott Edward Walker Fri, 12 Mar 2010 23:28:10 +0000 http://walkercorporatelaw.com/?p=188#comment-96 Each situation is different. I am happy to discuss via telephone (310.859.7177). Thanks. Each situation is different. I am happy to discuss via telephone (310.859.7177). Thanks.

]]> Comment on Launching A Venture: Ten Tips For Entrepreneurs by Abiola Abiola http://walkercorporatelaw.com/entrepreneurship/launching-a-venture-ten-tips-for-entrepreneurs/comment-page-1/#comment-95 Abiola Abiola Fri, 12 Mar 2010 23:20:46 +0000 http://walkercorporatelaw.com/?p=188#comment-95 This is really helpful thanks...<br><br>QQ: Whats the best way to divide stocks when all founders can't put in equal time, resources and effort into a venture? This is really helpful thanks…

QQ: Whats the best way to divide stocks when all founders can't put in equal time, resources and effort into a venture?

]]> Comment on It’s Time to Destroy the Billable Hour by Scott Edward Walker http://walkercorporatelaw.com/lawyers/its-time-to-destroy-the-billable-hour/comment-page-1/#comment-94 Scott Edward Walker Thu, 11 Mar 2010 19:24:38 +0000 http://walkercorporatelaw.com/?p=758#comment-94 Good input - thanks Mark Good input – thanks Mark

]]> Comment on It’s Time to Destroy the Billable Hour by Mark Stoneham http://walkercorporatelaw.com/lawyers/its-time-to-destroy-the-billable-hour/comment-page-1/#comment-93 Mark Stoneham Thu, 11 Mar 2010 13:23:06 +0000 http://walkercorporatelaw.com/?p=758#comment-93 Like most things, if you want a good result, one size doesn't fit all. For transactional work, you're re-running a known process to create a solution for the client. Known quantities = fixed fee, adjusted if necessary for + or - variations. But if you're creating new art, then it's hard to define what's involved or how long it's likely to take. Fortunately, most startup law falls into the former category.<br><br>What's good about this kind of discussion is that someone's actually thinking about what entrepreneurs need, rather than pushing on them the kind of law that has been traditionally practiced. Like most things, if you want a good result, one size doesn't fit all. For transactional work, you're re-running a known process to create a solution for the client. Known quantities = fixed fee, adjusted if necessary for + or – variations. But if you're creating new art, then it's hard to define what's involved or how long it's likely to take. Fortunately, most startup law falls into the former category.

What's good about this kind of discussion is that someone's actually thinking about what entrepreneurs need, rather than pushing on them the kind of law that has been traditionally practiced.

]]> Comment on It’s Time to Destroy the Billable Hour by Scott Edward Walker http://walkercorporatelaw.com/lawyers/its-time-to-destroy-the-billable-hour/comment-page-1/#comment-92 Scott Edward Walker Thu, 11 Mar 2010 02:33:18 +0000 http://walkercorporatelaw.com/?p=758#comment-92 LOL LOL

]]> Comment on It’s Time to Destroy the Billable Hour by Ken Kaufman http://walkercorporatelaw.com/lawyers/its-time-to-destroy-the-billable-hour/comment-page-1/#comment-91 Ken Kaufman Thu, 11 Mar 2010 02:29:15 +0000 http://walkercorporatelaw.com/?p=758#comment-91 Amen! Amen!

]]> Comment on About The Founder by Resources for Early-Stage Entrepreneurs: A Top 10 List http://walkercorporatelaw.com/about-the-founder/comment-page-1/#comment-84 Resources for Early-Stage Entrepreneurs: A Top 10 List Fri, 26 Feb 2010 01:24:07 +0000 http://walkercorporatelaw.com/wp/?page_id=5#comment-84 [...] & Rosati (my “alma mater” law firm); Matt Bartus of Dorsey & Whitney; and Scott Edward Walker, founder of Walker Corporate Law Group, are all excellent resources.  My own goal is to branch out [...] [...] & Rosati (my “alma mater” law firm); Matt Bartus of Dorsey & Whitney; and Scott Edward Walker, founder of Walker Corporate Law Group, are all excellent resources.  My own goal is to branch out [...]

]]> Comment on Motivational Speeches for Entrepreneurs: Go Get It. Period. by Scott Edward Walker http://walkercorporatelaw.com/motivational-speeches/motivational-speeches-for-entrepreneurs-go-get-it-period/comment-page-1/#comment-83 Scott Edward Walker Tue, 23 Feb 2010 04:00:58 +0000 http://walkercorporatelaw.com/?p=710#comment-83 Thanks Laurent Thanks Laurent

]]> Comment on Motivational Speeches for Entrepreneurs: Go Get It. Period. by Laurent Boncenne http://walkercorporatelaw.com/motivational-speeches/motivational-speeches-for-entrepreneurs-go-get-it-period/comment-page-1/#comment-82 Laurent Boncenne Tue, 23 Feb 2010 03:43:14 +0000 http://walkercorporatelaw.com/?p=710#comment-82 So true ! thanks for the reminder !<br>We are made fun of and thought of being mad for thinking about losing it all that we need to remind ourselves that by trusting our ourselves, we can move forward.<br><br><br>cheers to you too :-) So true ! thanks for the reminder !
We are made fun of and thought of being mad for thinking about losing it all that we need to remind ourselves that by trusting our ourselves, we can move forward.

cheers to you too :-)

]]> Comment on “Ask the Attorney” – Formation Issues (Part I) by Scott Edward Walker http://walkercorporatelaw.com/startup-issues/ask-the-attorney-formation-issues-part-i/comment-page-1/#comment-61 Scott Edward Walker Mon, 08 Feb 2010 07:04:43 +0000 http://walkercorporatelaw.com/?p=647#comment-61 No prob - good luck No prob – good luck

]]> Comment on “Ask the Attorney” – Formation Issues (Part I) by Tristan Kromer http://walkercorporatelaw.com/startup-issues/ask-the-attorney-formation-issues-part-i/comment-page-1/#comment-60 Tristan Kromer Mon, 08 Feb 2010 06:58:51 +0000 http://walkercorporatelaw.com/?p=647#comment-60 Yes, I think this is most common. Personally I always have some qualms about being forced into a standard hierarchy which will color early collaboration, but in terms of risk management it is likely the safest way to go. Thanks again, Tristan Yes, I think this is most common. Personally I always have some qualms about being forced into a standard hierarchy which will color early collaboration, but in terms of risk management it is likely the safest way to go. Thanks again, Tristan

]]> Comment on “Ask the Attorney” – Formation Issues (Part I) by Scott Edward Walker http://walkercorporatelaw.com/startup-issues/ask-the-attorney-formation-issues-part-i/comment-page-1/#comment-59 Scott Edward Walker Mon, 08 Feb 2010 04:41:34 +0000 http://walkercorporatelaw.com/?p=647#comment-59 Hey Tristan - Sorry, I haven't done a post yet relating to member/officer managed LLC's; however, I typically recommend to my clients that they set-up the LLC management structure akin to a corporate structure -- with a Management Committee/Board of Managers and designated officers (CEO, CFO & Sec). Indeed, all of the management issues are addressed in an Operating Agreement (similar to Bylaws and Board resolutions in a corporation). Thanks, Scott Hey Tristan – Sorry, I haven't done a post yet relating to member/officer managed LLC's; however, I typically recommend to my clients that they set-up the LLC management structure akin to a corporate structure — with a Management Committee/Board of Managers and designated officers (CEO, CFO & Sec). Indeed, all of the management issues are addressed in an Operating Agreement (similar to Bylaws and Board resolutions in a corporation). Thanks, Scott

]]> Comment on “Ask the Attorney” – Formation Issues (Part I) by Tristan Kromer http://walkercorporatelaw.com/startup-issues/ask-the-attorney-formation-issues-part-i/comment-page-1/#comment-58 Tristan Kromer Mon, 08 Feb 2010 02:09:24 +0000 http://walkercorporatelaw.com/?p=647#comment-58 Very informative. At the risk of seeming lazy, do you have any post relating to members managed of officer managed structures? We are opting for member managed while it's just three of us and some contractors, but foresee the day when we need to setup a reasonable corporate structure. Thanks! Very informative. At the risk of seeming lazy, do you have any post relating to members managed of officer managed structures? We are opting for member managed while it's just three of us and some contractors, but foresee the day when we need to setup a reasonable corporate structure. Thanks!

]]> Comment on “Ask the Attorney” – Formation Issues (Part I) by Scott Edward Walker http://walkercorporatelaw.com/startup-issues/ask-the-attorney-formation-issues-part-i/comment-page-1/#comment-53 Scott Edward Walker Mon, 08 Feb 2010 00:04:43 +0000 http://walkercorporatelaw.com/?p=647#comment-53 No prob - good luck No prob – good luck

]]> Comment on “Ask the Attorney” – Formation Issues (Part I) by Tristan Kromer http://walkercorporatelaw.com/startup-issues/ask-the-attorney-formation-issues-part-i/comment-page-1/#comment-52 Tristan Kromer Sun, 07 Feb 2010 23:58:51 +0000 http://walkercorporatelaw.com/?p=647#comment-52 Yes, I think this is most common. Personally I always have some qualms about being forced into a standard hierarchy which will color early collaboration, but in terms of risk management it is likely the safest way to go. Thanks again, Tristan Yes, I think this is most common. Personally I always have some qualms about being forced into a standard hierarchy which will color early collaboration, but in terms of risk management it is likely the safest way to go. Thanks again, Tristan

]]> Comment on “Ask the Attorney” – Formation Issues (Part I) by Scott Edward Walker http://walkercorporatelaw.com/startup-issues/ask-the-attorney-formation-issues-part-i/comment-page-1/#comment-51 Scott Edward Walker Sun, 07 Feb 2010 21:41:34 +0000 http://walkercorporatelaw.com/?p=647#comment-51 Hey Tristan - Sorry, I haven't done a post yet relating to member/officer managed LLC's; however, I typically recommend to my clients that they set-up the LLC management structure akin to a corporate structure -- with a Management Committee/Board of Managers and designated officers (CEO, CFO & Sec). Indeed, all of the management issues are addressed in an Operating Agreement (similar to Bylaws and Board resolutions in a corporation). Thanks, Scott Hey Tristan – Sorry, I haven't done a post yet relating to member/officer managed LLC's; however, I typically recommend to my clients that they set-up the LLC management structure akin to a corporate structure — with a Management Committee/Board of Managers and designated officers (CEO, CFO & Sec). Indeed, all of the management issues are addressed in an Operating Agreement (similar to Bylaws and Board resolutions in a corporation). Thanks, Scott

]]> Comment on “Ask the Attorney” – Formation Issues (Part I) by Tristan Kromer http://walkercorporatelaw.com/startup-issues/ask-the-attorney-formation-issues-part-i/comment-page-1/#comment-50 Tristan Kromer Sun, 07 Feb 2010 19:09:24 +0000 http://walkercorporatelaw.com/?p=647#comment-50 Very informative. At the risk of seeming lazy, do you have any post relating to members managed of officer managed structures? We are opting for member managed while it's just three of us and some contractors, but foresee the day when we need to setup a reasonable corporate structure. Thanks! Very informative. At the risk of seeming lazy, do you have any post relating to members managed of officer managed structures? We are opting for member managed while it's just three of us and some contractors, but foresee the day when we need to setup a reasonable corporate structure. Thanks!

]]> Comment on Five Common Mistakes Entrepreneurs Make In Raising Capital by Scott Edward Walker http://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-70 Scott Edward Walker Sun, 07 Feb 2010 08:10:22 +0000 http://walkercorporatelaw.com/?p=194#comment-70 Yes, it's possible, but you need to make sure you comply with applicable securities laws. Yes, it's possible, but you need to make sure you comply with applicable securities laws.

]]> Comment on Five Common Mistakes Entrepreneurs Make In Raising Capital by Terry Davidson http://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-69 Terry Davidson Sun, 07 Feb 2010 07:30:24 +0000 http://walkercorporatelaw.com/?p=194#comment-69 Is it posible to raise Capital for a business you would like to start? Is it posible to raise Capital for a business you would like to start?

]]> Comment on Five Common Mistakes Entrepreneurs Make In Raising Capital by Scott Edward Walker http://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-49 Scott Edward Walker Sun, 07 Feb 2010 01:10:22 +0000 http://walkercorporatelaw.com/?p=194#comment-49 Yes, it's possible, but you need to make sure you comply with applicable securities laws. Yes, it's possible, but you need to make sure you comply with applicable securities laws.

]]> Comment on Five Common Mistakes Entrepreneurs Make In Raising Capital by Terry Davidson http://walkercorporatelaw.com/videos/five-common-mistakes-entrepreneurs-make-in-raising-capital/comment-page-1/#comment-48 Terry Davidson Sun, 07 Feb 2010 00:30:24 +0000 http://walkercorporatelaw.com/?p=194#comment-48 Is it posible to raise Capital for a business you would like to start? Is it posible to raise Capital for a business you would like to start?

]]> Comment on “Ask the Attorney” – Securities Laws by Scott Edward Walker http://walkercorporatelaw.com/securities-law-issues/ask-the-attorney-securities-laws/comment-page-1/#comment-75 Scott Edward Walker Mon, 01 Feb 2010 11:00:50 +0000 http://walkercorporatelaw.com/?p=612#comment-75 Good luck. Good luck.

]]> Comment on “Ask the Attorney” – Securities Laws by Celestino http://walkercorporatelaw.com/securities-law-issues/ask-the-attorney-securities-laws/comment-page-1/#comment-74 Celestino Mon, 01 Feb 2010 10:50:53 +0000 http://walkercorporatelaw.com/?p=612#comment-74 Thank you so much for your help. I'll keep that in mind when raising funds from angel investors. Thank you so much for your help. I'll keep that in mind when raising funds from angel investors.

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