EDCO and Opportunity Knocks present a timely forum on how companies can protect their business, revenue, and assets in a distressed economy.
Rob Stout, attorney with Ball Janik, and Rill Rich, Bend Equity Associates, PC, will present a two-hour workshop to help companies whose business is faltering -- sometimes through no fault of their own. Broadly, Stout and Rich will cover how to recognize near insolvency, how to effectively operate in the “Zone of Insolvency,” and what to do when your bank does not renew your credit line. Effective legal and financial tools such as workouts, payment plans, receivership, and bankruptcy will also be covered. This seminar will be relevant to companies whose best customer or key customer’s business is faltering.
The workshop is 8:00 – 10:00 am, at Touchmark at Mount Bachelor in Bend. If you are interested please contact Opportunity Knocks or call 541-318-4650. Cost to attend is $20 and includes breakfast.
Specific topics include:
- Evaluating your company's strengths, identifying weaknesses
- How to identify troubled customers
- How limited is your liability for your company's debts?
- Personal guarantees: How to limit your guaranty? Should you get personal guarantees from customers?
- Avoiding bankruptcy preference payments from distressed customers.
- Avoiding subcontractor liens.
- What is the market for bank financing and bank loan renewals?
- How to deal with your bank if you are in a technical violation of your loan covenants.
- What is insolvency and what are options for a business in the event of insolvency?
- How to handle 503(b)9 claims
Workshop Presenters:
Rob Stout, Esq., Ball Janik LLP. As an attorney, Rob represents businesses and entrepreneurs/investors involved in companies ranging from startups to public companies. He is a graduate of Yale Law School, and his practice specialties include the purchase and sale of businesses, including sales of businesses to public companies, together with startup and high tech financing.
Bill Rich, Bend Equity Associates, PC. Bill has spent the past several years helping business owners deal with strategic and very personal issues involving the futures of their businesses. Bill is a CPA by training and, since starting his own firm over seven years ago, he has focused on Exit Strategies and Business Valuation.