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Entrepreneurs: Don’t Make this Expensive Mistake!

Written on April 16, 2014

Erasing Oops !There’s a great article in April’s Entrepreneur Magazine entitled “That’s Gotta Hurt”. The author, Lorie Parch,  details the top 6 most expensive mistakes made by successful entrepreneurs when starting out:

#5 Most Expensive Mistake :  Skimping on Attorneys

Tobin Booth, CEO of Blue Oak Energy – “If I could do some of the early stuff over, it would have been to pay a few thousand dollars to have an attorney write up a proper contract.  I didn’t have the right attorney who really understood my business.”  Booth ran into problems as some early customers refused to pay and he later discovered that he failed to include the proper language to recover attorney’s fees.

Sarah Shaw, CEO of Entreprenette, a Consulting Firm in Durango, Colorado –  She unknowingly signed a contract that gave her handbag company the trademark rights to her personal name.  Shaw says “ I can’t use my own name in business again.  I wish I would have had hired an attorney to look out for me”

Remember, It is a lot easier to do it right  the first time – Lawyers can’t always put the milk back in the bottle.

If money is the issue, contact my office regarding our flexible monthly programs for small business.

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I strongly endorse Andrew Mongelluzzi. He is a very skilled and able business attorney focused on customer service and results. On the front end, Andrew deftly advises new businesses on organizing properly, acquiring necessary licenses, contracting with vendors & customers, and dealing with various compliance issues that may arise. On the back end when things go south, Andrew counsels and navigates businesses through complex commercial disputes and aggressively represents them in negotiations, mediation, arbitration, and in litigation so that businesses can legally move on and get back to business. Andrew’s ability to identify legal issues and approaches to resolve business-related issues is a strength that I have learned from and professionally relied upon in approaching the business matters and cases that I handle. I regularly refer business to Andrew knowing that he will diligently represent his business clients and their best interests.
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- Frank N. Genco, Florida Bar No. 440086

Attorney Mongelluzzi and his team provided excellent and quality service. I always felt that my needs were met and that the firm was invested in me and my case. The quality services I received at Mongelluzzi’s firm were remarkable. From the initial meeting they were responsive to my calls, questions and concerns. All issues were handled professionally and timely, easily accessible, got back to me quickly, aggressive and got me the results that I wanted. Attorney Mongelluzzi and his staff all gave my case their personal attention and provided the quality of work that anyone would want when hiring an attorney.

- Client

Andrew is very thorough defining the outcome expectations. In my case, it was setting up a new corporate entity. He advised me on the most beneficial option and he then executed on that path. Andrew is a very pleasant person to work with. He is determined, skilled and committed to his client’s success.

- Gil Pinney

Andrew helped me through a difficult situation with American Express and we won the case. A great job by Andrew! He also helped me with T&C’s in my company. I would recommend Andrew highly as an attorney.

- John Sams

As a business owner for 12 years I have seen my fair share of ups and downs. Some of the downs would include landlord/tenant disputes and creditors that may have not been fulfilled to agreement. Andrew has met both of these situations for me in a timely, positive, and affordable manner.

- Rich Mattes

It was very nice to have a lawyer who not only is fierce in negotiations but has been successful in business. This is a lethal combination. I was glad he was on my side.

- Nigel Castanheiro

Andrew helped me with a contract litigation case. The lawyers battled it out for over a year and we finally got a reasonable settlement offer. Then the other side tried to back out. Andrew figured out how to force the other side to honor the deal and really knows his way around the court system. Definitely feel comfortable using him again.

- John Ellis

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