Author Topic: Lawyers!!! (Read 1498 times)

Fedor · « **on:** December 12, 2014, 08:14:10 PM »

A corporation has been ruled defunct by the state because of failure to file annual reports. Can the corp still divest property without reinstating corporation status? Shouldn't corp officers be able to sign legal docs still? Is my legal advisor a big puss as suspected?

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Cartierfor3 · « **Reply #1 on:** December 12, 2014, 08:31:19 PM »

yes to all

Fedor · « **Reply #2 on:** December 12, 2014, 08:39:20 PM »

Currently binging on brandy highballs. Explain to me as if I am an education major.

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hjfklmor · « **Reply #3 on:** December 13, 2014, 02:20:41 PM »

Just reinstate with the Secretary of State. It costs like $120 plus however many annual reports you missed.

Mr Bread · « **Reply #4 on:** December 13, 2014, 06:02:30 PM »

Do you actually know why you incorporated in the first place or did you just do as you were told?

Fedor · « **Reply #5 on:** December 15, 2014, 08:46:34 AM »

Quote from: Mr Bread on December 13, 2014, 06:02:30 PM

Do you actually know why you incorporated in the first place or did you just do as you were told?

It is not my corporation, good grief.

CNS · « **Reply #6 on:** October 04, 2016, 12:04:14 PM »

Question for the resident law guys:

Local law firm called me today. They are defending someone who caused damage to someone else's property. The property owner went out and found a bid for repairs. The guy who caused the damage is claiming the bid is way too high. The law firm wants a bid from me for the repair work to use as a tool to compare against the property owner's bid. Realistically, I have zero chance of getting this work for my biz. I can't imagine a property owner using me after were are used as a tool against him through the legal system. Given that, I told the lawyer I wouldn't do it for free since I don't have a chance at the work. They agreed and asked me to look the info over and give them an hourly rate for my work in quantifying the work.

What would be a high yet common'ish hourly rate for this type of consulting?

KC area.

ben ji · « **Reply #7 on:** October 04, 2016, 12:16:08 PM »

Quote from: CNS on October 04, 2016, 12:04:14 PM

Question for the resident law guys:

Local law firm called me today. They are defending someone who caused damage to someone else's property. The property owner went out and found a bid for repairs. The guy who caused the damage is claiming the bid is way too high. The law firm wants a bid from me for the repair work to use as a tool to compare against the property owner's bid. Realistically, I have zero chance of getting this work for my biz. I can't imagine a property owner using me after were are used as a tool against him through the legal system. Given that, I told the lawyer I wouldn't do it for free since I don't have a chance at the work. They agreed and asked me to look the info over and give them an hourly rate for my work in quantifying the work.

What would be a high yet common'ish hourly rate for this type of consulting?

KC area.

Whatever you decide to charge per hour you should type it like this " $50^0.00" but make the zeros even smaller and see if they notice. If not you get an extra $450 per hour!

CNS · « **Reply #8 on:** October 04, 2016, 12:21:25 PM »

That is great advice.

Emo EMAW · « **Reply #9 on:** October 04, 2016, 12:40:47 PM »

I'd say $300/hr is fine assuming you have nothing else to do with your time. If there's an opportunity cost involved I'd add that.

CNS · « **Reply #10 on:** October 04, 2016, 12:55:30 PM »

I have a feeling that the lawyer makes less than that, though.

Rage Against the McKee · « **Reply #11 on:** October 04, 2016, 01:09:35 PM »

If you quote a low enough price, you can get the work on top of the payment. It's not like the property owner is going to pay extra just because your quote was lower than their original. I'd probably bill about $100 per hour per person involved. You might be able to get $200. I really don't know.

Mikeyis4dcats · « **Reply #12 on:** October 04, 2016, 01:14:42 PM »

I'd agree at $300/hr.

It's either worth doing or it's not, and let him find someone else.

Emo EMAW · « **Reply #13 on:** October 04, 2016, 01:25:36 PM »

Quote from: CNS on October 04, 2016, 12:55:30 PM

I have a feeling that the lawyer makes less than that, though.

That lawyer is billing at $300/hr. It's probably a professional hour, tho, so yours should be too if you're charging that.

Mikeyis4dcats · « **Reply #14 on:** October 04, 2016, 01:30:40 PM »

Quote from: CNS on October 04, 2016, 12:55:30 PM

I have a feeling that the lawyer makes less than that, though.

How many named partners are in the firm?

CNS · « **Reply #15 on:** October 04, 2016, 01:31:46 PM »

Mikeyis4dcats · « **Reply #16 on:** October 04, 2016, 01:41:16 PM »

Quote from: CNS on October 04, 2016, 01:31:46 PM

2

okay, so yeah, he may not be billing at $300/hr, but he's probably close.

At the end of the day, do you really WANT to make $200 for dicking with it, or not? Decide what it's worth TO YOU and charge it. If they aren't willing to pay, then no big deal.

FWIW, I'd assume he probably called someone else before you and got told the same thing, otherwise he'd probably just call the next guy and ask for a free estimate.

catastrophe · « **Reply #17 on:** October 04, 2016, 03:19:06 PM »

I'm guessing they're compiling estimates until they find something good and won't lose any sleep if they don't end up getting one from you.

I'm not sure how long it takes to come up with a bid, but if you have a general impression of the time I'd offer a flat fee instead of hourly, because they probably don't know how long it would take and would be more comfortable cutting a $500 check (assuming you think it would be about 1-2 hours of work) than agreeing to pay $250 an hour for who knows how long.

CNS · « **Reply #18 on:** October 04, 2016, 09:08:12 PM »

I ignored them for over two weeks and they basically begged me to review it this morning. This specific work is a pretty niche thing. Like maybe 3 other ppl in KC do this at the level my biz does.

I told them I would and gave them an idea of how long it would take, plus site trip, etc. I thought the hourly rate would be good if they continued to need info after the bid was delivered, which is common.

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XocolateThundarr · « **Reply #19 on:** October 05, 2016, 08:36:12 AM »

Send them a proposal with a flat rate of $500 to review the work and prepare the estimate. Add a note that additional work above and beyond the original estimate will be billed at $250 per hour. If they sign it and send it back to you, do the estimate. If they don't, find something else to do with your time.

CNS · « **Reply #20 on:** October 05, 2016, 08:45:33 AM »

Thanks guys

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HerrSonntag · « **Reply #21 on:** October 05, 2016, 09:05:24 AM »

Could you figure out, were you out working on an active job, what your hourly income comes to? So (Total bid - Materials)/(Total manhours spent on site for bid). Realistically, thats your opportunity cost.

CNS · « **Reply #22 on:** October 05, 2016, 09:19:08 AM »

Yeah, that's no problem. However, this wouldn't take me away from something else with how I am going to tackle it, so rather than go through that, I just floated a high number.