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.

Iowa Man wins against child support court order

Joe Vandusen thought it was a joke when the wife he hadn’t seen in 15 years sent him a court order to pay child support for the one-year-old child she had with another man.

Unfortunately for Vandusen, his wife was not joking and it took him two-thirds of a year to fight the Iowa law that said the husband, not the father of the child born to his wife, must offer financial support.

The order was served to him in February of the same year that he was laid off. He didn’t have the means to fight the order alone, but when he shared his account with WQAD-TV one month later, there was an influx of support from strangers across the country.

With the donations, he paid for a local attorney, Jennifer Olsen, who first set out to confirm that he was not the father of the child. However, because of the law, this was not enough. Although Vandusen walked away successful, he continues to fight this law because of how it personally affected him: “I’m not done fighting. There’s a lot of guys there just like me.”

If you are fighting for the rightful child support owed to you by your ex-spouse or you are unwarrantedly being asked to cover such expenses, contact an attorney with Arenson Law Group, PC. We will try our best to help you through this confusing and difficult time. Call us at (319) 363-8199 today.

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