It is incredibly important to get the right counsel involved in your transactions at the right time so that you don’t end up in a dispute later on. Jessen Gregory, attorney with Ruddy Gregory, PLLC talks about preventative medicine in terms of business transactions. Jessen says the majority of their transactions are mergers and acquisition transactions where someone is trying to sell or purchase a business or an asset within that business or get financing thereof. RG is a member of an international alliance of business attorneys that they can reach out to if a client has a transaction going on in any other country across the world. Jessen talks about what they do in their firm and shares some useful information about pothole avoidance, de-risking your business, transitioning your business, and everything else you need to know in between transactions.

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Mergers, Acquisitions, And Other Business Transactions with Jessen Gregory

Better, sooner than later. A little prevention.

Preventative medicine in terms of a transaction.

We have https://www.linkedin.com/in/jessengregory/ (Jessen Gregory). She’s an attorney with http://www.ruddylaw.com/ (Ruddy Gregory). Jessen, you and I met at a large conference, which prompted this meeting. Welcome to the show.

Thank you, Bob. I’m very happy to be here.

I appreciate your time. If you would tell us a little bit about your business and who you serve.

I’ve been practicing for 13 years and I am licensed in California, Colorado and Texas. I’m part of a boutique firm. We have two offices, one here in Cherry Creek, Colorado and one in Washington, DC. There are six lawyers total. We provide high-quality services at an affordable rate. We have the same experience that large firms do. We are a smaller scale version of the same thing.

We have a collection of attorneys. What is the specialty that you guys focus on?

In the Denver Office, we have a general business practice. The majority of our transactions are mergers and acquisition transactions where someone is trying to sell or purchase a business or an asset within that business or get financing for some avenue thereof. In a transaction like that, you always see a piece of commercial real estate, whether it’s the sale of commercial real estate or a lease transaction or transferring that lease, so our business is heavily involved in commercial real estate as well. Our group in DC represents the alternative investment community, so hedge funds, registered investment advisers, private equity funds and the like. We’re also a part of the Alliance of International Business Attorneys. That means that we have a group that we can reach out to if you have a transaction going on in any other country across the world.

For the business owner that’s going like, “That’s not ringing a bell for me,” I’m a typical business owner and I go, “I’ve got a warehouse that’s no longer a key to my operation and I want to liquidate or I’ve got a warehouse and I want to move. I want to sell one and move to another.” What are the typical things that a business owner misses that they should be thinking about if they’re going to go down that road?

I’d like to separate the two into the asset itself versus the real estate because those are two separate questions. I’m thinking about concerns related to both of those.

Before we go any further so everybody knows, this is not to be construed as legal advice. If you have questions, what’s all the disclaimer stuff you’re supposed to say?

Unfortunately, I can’t provide the world with legal advice. You have to be under engagement of my services. In a typical transaction where you’re selling something of value or purchasing someth...