The Flat Fee Lawyer is a law office managed by Rochelle Friedman Walk, an attorney licensed to practice law in Florida and Ohio. The Flat Fee Lawyer gives you the personal and prompt attention you deserve without the typical hourly fee surprises charged by most firms.
Saturday, July 30, 2011
Rochelle Friedman Walk Admitted To Florida Bar
Rochelle Friedman Walk has been admitted to practice in the State of Florida. She was first admitted in Ohio in 1986 and joined the Florida Bar in April, 2011.
Attorney Rochelle Friedman Walk Offers Fixed Fee Legal Services
Rochelle Friedman Walk, an attorney in Tampa, FL, announced today that she has established a fixed fee legal services practice. She will accept clients through her firm, Corporate Governance Solutions, PLLC, on a fixed fee or project basis. Noting her more than twenty-five years of experience handling corporate and transactional work, primarily as General Counsel to public and private companies, and her frustration at the inability of a law firm to provide a firm quote on transactional legal services, she is determined to provide her private clients the same services and skills she offered to he large corporate clients as General Counsel for a fixed fee.
"I have provided transactional legal services for my corporate clients for 25 years. I know how long it takes to perform certain services and, provided my client and I are clear about expectations and communicate all facts up front, I can offer a fixed or project fee for transactional work," stated Ms. Walk.
She continued, "I have long been an advocate of transparency on legal costs. I h.ope to offer clients the opportunity to plan and budget for legal expenses just like they due for accounting and other professional service fees."
Working With Social Media
I have been experimenting with Social Media, Blogs, RSS Feeds, Twitter, Linked In and Facebook Pages to see if clients follow their lawyers this way. If you think that my efforts are worthwhile and you would like to continue to see me active in Social Media, let me know by liking my page on Facebook, or following me on Twitter and Linked In.
My goal is to spread the word about alternative fee arrangements.
Contract and Supplier Financing - Money is Available for Your Business
A Friend and former banker just launched his new business. He is arranging financing for business and tells me that there is money available for all sizes of transactions. Check out his new website and see what you think. www.SupplierFunding.com/home-2
Online Copyright Law ---- Fair Use when Sharing News Articles Through Online Forums!!!!!!
A judge ruled on Monday that republishing an article on the web was "Fair Use" in the Righthaven v. Hoehn. In that case Righthaven LLC, a Las Vegas company associated with Las Vegas Review-Journal, filed a copyright infringement lawsuit against Wayne Hoehn alleging that Mr. Hoehn copied an article from the Las Vegas Review-Journal without permission and posted it to online forums. The Judge for the US District Court located in Nevada ordered dismissal of the case based upon standing as well as in favor of the Fair Use of the Work. More to come on internet and copyright, I am sure.
Flat Fee Legal Services for Loan Modifications
In a difficult economy, it is often hard to decide if it is better to modify a loan agreement or simply stop paying. For a homeowner underwater, as so many are today, the choice seems to be in favor of stop paying. The problem, however, and often to the homeowner's surprise, is that as the failure to pay gives freedom from immediate debt, the unpaid balance or deficiency accumulates. When a later loan modification is sought, the lender adds the deficiency to the loan balance, along with fees and costs,making the new monthly payment even more than the one the homeowner had before.
This is not only a residential loan problem. It happens whenever interest "PIKs" (PIK Interest stands for Paid in Kind and it occurs whenever interest accumulates to add to the principal balance as opposed to being paid in cash) and when covenants are missed and waiver fees are added to the loan balance.It happens when there is an early buy-out of equipment leases, including car leases. What sometimes looks like a great deal is often a future financial hardship coming in the form of increased monthly payments or large balloons or residuals.
I am often asked what options a person or business may have when facing a loan payment which is beyond the Borrower's ability to pay. Loan modifications are clearly one of the best ways to work-out the problem, especially if a package and picture is presented to the Lender which makes good business sense for both the Borrower and the Lender. I have negotiated both commercial and residential modifications in the most difficult financial markets. The right story and the presentation makes the difference. Can we help you consider your options?
Monday, July 25, 2011
Factoring as a Way to Get Financing
Cheryl Gowen, a broker ho helps business find appropriate alternative financing has provided this insight regarding factoring on her blog. I thought my clients might be interested.
Understanding Receivables Factoring to improve Cash Flow
There is nothing more frustrating to a business owner then having to turn away sales because they lack the cash flow to support them. For companies that sell products, this means not being able to replenish inventory in time to capitalize new opportunities. For companies in the service industry, this means not being able to pay the additional employees (or hours) to cover additional service requests. This problem is fairly common, especially for small and midsize businesses.
There are many things that can cause cash flow problems. The most common problem is a simple one: timing. The timing of the revenues does not match the timing of expenses. For many companies, expenses come before revenues. For example: a product supplier buys inventory (an expense), sells it on net 30 terms and then collects revenues 30 days later. Likewise, a staffing agency can place employees, who must be paid weekly but then bills the client on net 30 terms. Again, they wait 30 days before being able to collect the revenue. Unless the company has a capital reserve to operate the company and grow while waiting to be paid, it will run into problems.
If you are not able to get approved for bank financing, there is an alternative solution that can work better than a small business loan- especially if your challenge is that you cannot wait 30 days to 60 days to get paid by clients. It’s called factoring.
Factoring is very different from conventional business loans. With factoring, you get an advance for your outstanding invoices. This is the equivalent of a quick pay. This helps correct the timing problem between expenses and revenues and provides your business with the cash flow to support existing operations and new sales.
Most factoring companies don’t lend money; rather they buy the financial rights to your invoices. Their most important consideration is your clients’ ability to pay the invoices in a timely fashion. This makes invoice factoring accessible to companies who don’t have substantial assets but do have great clients. However, the credit quality of your invoices is not the only qualifying consideration of a factoring company. Your business must also be free of judgments, lawsuits and liens.
Factoring transactions tend to be structured as a sale with two installment payments. The first installment is usually 80% of the invoice value and is given to you as soon as the invoice is sold to the factoring company. The second installment, usually 20% less the financing fee, is given as soon as your client pays for the invoice. Financing fees are usually 1.5-3% of the invoice amount per month that it is outstanding.
Factoring is designed to solve the cash flow restrains generated the timing discrepancy between expenses and revenues.
Here is the link if you would like to go to her site. http://alternativefunding.wordpress.com/
There are many things that can cause cash flow problems. The most common problem is a simple one: timing. The timing of the revenues does not match the timing of expenses. For many companies, expenses come before revenues. For example: a product supplier buys inventory (an expense), sells it on net 30 terms and then collects revenues 30 days later. Likewise, a staffing agency can place employees, who must be paid weekly but then bills the client on net 30 terms. Again, they wait 30 days before being able to collect the revenue. Unless the company has a capital reserve to operate the company and grow while waiting to be paid, it will run into problems.
If you are not able to get approved for bank financing, there is an alternative solution that can work better than a small business loan- especially if your challenge is that you cannot wait 30 days to 60 days to get paid by clients. It’s called factoring.
Factoring is very different from conventional business loans. With factoring, you get an advance for your outstanding invoices. This is the equivalent of a quick pay. This helps correct the timing problem between expenses and revenues and provides your business with the cash flow to support existing operations and new sales.
Most factoring companies don’t lend money; rather they buy the financial rights to your invoices. Their most important consideration is your clients’ ability to pay the invoices in a timely fashion. This makes invoice factoring accessible to companies who don’t have substantial assets but do have great clients. However, the credit quality of your invoices is not the only qualifying consideration of a factoring company. Your business must also be free of judgments, lawsuits and liens.
Factoring transactions tend to be structured as a sale with two installment payments. The first installment is usually 80% of the invoice value and is given to you as soon as the invoice is sold to the factoring company. The second installment, usually 20% less the financing fee, is given as soon as your client pays for the invoice. Financing fees are usually 1.5-3% of the invoice amount per month that it is outstanding.
Factoring is designed to solve the cash flow restrains generated the timing discrepancy between expenses and revenues.
Here is the link if you would like to go to her site. http://alternativefunding.wordpress.com/