Benefits of hiring a business lawyer

Hiring a business lawyer early on helps you understand all the legal intricacies of the industry. When your lawyer knows the foundation of your business, he or she can help you see things from a different perspective and give you immediate advice when something goes wrong.

If you choose a lawyer who has a specific interest in the nature of your business, you can take advantage of the following:

Legal Advice
A business lawyer knows the specifics of the industry. Their knowledge about the whole process can be handy, saving you time on certain issues.

Contract Drafting
Aside from legal advice, a specialist can also assist you in drafting and negotiating drafts and labor agreements that will prevent disagreements in the future.

Dispute Resolution
A professional business attorney can give you legal options that are beneficial to both parties. Alternatives, such as arbitration and mediation, are better than litigation, which requires time and money.

If you need legal advice for your new business, consult with a reliable lawyer at the Arenson Law Group, PC. Contact us at (319) 363-8199 to learn more about the benefits of hiring a lawyer who specializes in the area of your business.


Aviation tech giant buys B/E Aerospace

Aircraft component manufacturer Rockwell Collins announced its plan to acquire airplane interior maker B/E Aerospace for a staggering $6.4 billion on Sunday October 23.

The deal, which should finalize in the spring of 2017, will yield B/E shareholders $34.10 per share in cash and $27.90 worth of Rockwell Collins common stock. Rockwell will also take on the $1.9 billion in debt left behind by B/E Aerospace. The acquisition is a synergy of Cedar Rapids-based Rockwell Collins’ avionics expertise and Wellington, Florida’s B/E Aerospace’s cabin interior products. The merge expects to expand the range of products that Rockwell Collins provides to major commercial and business aircraft and also increase in customer base globally.

The buyout will have a cost savings of about $160 million and will cause a double-digit rise to earnings per-share in the first full year. B/E Aerospace CEO Werner Lieberherr is the newly-appointed executive vice-president and chief operating officer for the Rockwell Collins’ aircraft interior systems segment.

At the Arenson Law Group, PC, we handle business and corporate law. Contact us at (319) 363-8199 to find out more about your legal options.


P&G merges its beauty brands with Coty Inc.

Multinational consumer goods company Procter & Gamble (P&G) is selling 43 of its hair care, fragrance, and cosmetics brands to beauty products manufacturer Coty Inc. in a merger worth $12.5 billion, the Business Insider reported July 9.

P&G expects the deal to result in a one-time gain of $5 billion to $7 billion. P&G CEO A.G. Lafley said Coty Inc. will be a strategic company to house the brands and the people handling them. Meanwhile, analysts from Bank of America Merrill Lynch predicted that the deal would enable Coty to double its sales.

Among the brands involved in the merger are Gucci fragrances and CoverGirl makeup.

Mergers are strategic business transactions that can fortify your business amid market challenges. To get the most out of such business transactions in Cedar Rapids, enlist the help of a business lawyer at Arenson Law Group, PC, for assistance through the complex legal requirements these processes entail. Call us at (319) 363-8199 today.


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