Valuations & Appraisals – When, Why & How

February 15th, 2011
Finance, Accounting & Compensation, Resources & Tools
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This Frequently Asked Question (FAQ) post addresses typical questions from companies regarding obtaining a valuation or appraisal.  This document is co-authored by Bruce Wynn of Morris, Manning & Martin, LLP and Dan Branch of Taylor Consulting Group, Inc. The following questions are commonly asked of technology and business services companies.  We hope this information is helpful to you.  Please note that there are additional questions that will be relevant in this area and you should consult your legal, tax and accounting advisor with any other questions.

1.  When do I need a valuation or appraisal?

Answer:  There are several situations where a valuation or

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FAQ: Negotiating a Line of Credit Facility with a Commercial Bank

February 15th, 2011
Finance, Accounting & Compensation, Resources & Tools
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Negotiating a Line of Credit Facility with a Commercial Bank

by: Ed Hirsch, MMM Corporate Technology Group and Neal Miller, TechCFO
This FAQ (frequently asked questions) provides answers to important questions for entrepreneurs to consider in negotiating a line of credit and other lending arrangements with commercial banks.  This FAQ can also serve as a sample checklist of relevant issues for your company in connection with bank financing.  Please note that other questions may be relevant to your company, and this is not a comprehensive review of all important issues.

 

1. Is this the right time for my company to pursue debt

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Update: Georgia Restrictive Covenant Act

January 20th, 2011
Employment, Resources & Tools
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Update: Georgia Restrictive Covenant Act

The Georgia Legislature has taken its first step toward resolving constitutional questions regarding the new Georgia Restrictive Covenant Act (the “Act”).

As discussed in an earlier alert, the Act was intended to take effect on November 3, 2010, immediately following Georgia voters’ ratification of a Constitutional amendment designed to give effect to the Act. However, because the Constitutional amendment itself failed to include an effective date, the amendment did not take effect until January 1, 2011, two months after the Act. As a result, the Act was exposed to possible constitutional challenge, including questions as to

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Do Not Implement New Restrictive Covenant Agreements: New Act Faces First Constitutional Challenge

November 7th, 2010
Employment, Resources & Tools

Do Not Implement New Restrictive Covenant Agreements:
Georgia’s New Restrictive Covenants Act Faces First Constitutional Challenge

In a letter to the editor published in the November 10, 2010 issue of the Fulton County Daily Report, the Chairman of Georgia’s House Judiciary Committee identified an apparent legislative oversight that calls into question whether Georgia’s New Restrictive Covenants Act (the “Act”) is constitutional, or whether it is even currently in effect.

By its express terms, the Act was to take effect on November 3, 2010, immediately following Georgia voters’ ratification of an amendment to the Georgia Constitution required to render the Act constitutional.

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Yates Perspectives: Board Room Leadership for Entrepreneurs

September 29th, 2010
Entrepreneurial Info, MMM Tech Perspectives, Resources & Tools

YATES PERSPECTIVES

Board Room Leadership for Entrepreneurs – Checklist

The Boardroom is the key forum for entrepreneurs to impress their investors.   Entrepreneurs need a checklist of important steps to keep in mind when interacting with their Directors.

Too often entrepreneurs are ill prepared for Board meetings and disappoint outside Directors.  Venture investors on a Board have certain expectations of management with regard to information to be conveyed in the short time allotted for the Board meeting.

Senior leadership at a tech company must educate the management team on being effective presenters of key company metrics.  Keep in mind that every Board meeting

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