From Lab to Patient, Patient to Garage Maximize and Manage Your Company’s Worth
“I’ve been working with Phil for a very long time; it’s been a great experience working with him. He restructured the company altogether from the get-go. He’s astounding. He comes at law from a very detailed perspective and a very business-oriented perspective I hadn’t encountered before. [A] focus on taxes and exit strategies is an obvious thing for a startup company to think through, but it was not obvious to me that we would be thinking about these things this early on. He’s just a really good attorney.” What Businesses Say About Crowley Law, LLC Real Voices, Real Results available to help guide you toward the best conclusion for your operations as these new chapters in your industry unfold. Whether modern times give you cause for alarm or have inspired a newfound positive outlook, the fact remains that nothing in business stays static. New issues and struggles will always arise, but how we approach and address them will determine whether they serve as opportunities or obstacles. Although it would be wonderful to have solid and immediate answers to our concerns, it doesn’t appear we’ll enjoy that luxury anytime soon. All we can do is our best to remain proactive instead of reactive when a question mark clouds so much of the future. Patience — not panic — is the ultimate virtue in times like these. Note: The foregoing may constitute attorney advertising under applicable bar rules. ... continued from Cover –Philip Crowley
The product(s) you bring to market may be invaluable to consumers, but the value of the business behind them often isn’t always clear — which is why it’s essential to check out Episode 18 of Philip Crowley’s “From Lab to Patient, Garage to Market” podcast. To assist entrepreneurs in better understanding their companies’ worth, Philip welcomes Andrew Mackson, managing partner and co-founder of InteleK Business Valuations & Advisory, for an in-depth yet easily digestible discussion on the ins and outs of valuation. Here are just a few of the many topics explored: • The key differences between investment value and fair market value (and common causes of considerable gaps between the two figures) • The standard (or basis) of value for a business • Effective communication of valuation to employees • A valuation’s intended user and audience • Tax benefits and considerations • Valuations for compliance purposes • Tips on choosing the right valuation expert for your business Throughout the discussion, Mackson unpacks several critical ways companies can ensure the highest value possible. While simply going to market and listening to feedback on the positive or negative factors influencing your business’s value is perhaps the best way to accomplish this goal, he cautions that this approach may not work for everyone. “If you do that, you’ll be showing information externally, and there are several risks. Your confidential data may ‘leak’ – intentionally or by mistake – into the marketplace. This can educate your competitors about your company and damage your position in the marketplace. There’s a better way to estimate value.” You can arrange a ‘test run’ with an independent party who is contractually obligated to keep your information confidential. That’s essentially what we’ve had the valuation process described as. When we value a business, we ask all these questions — financial and non-financial — that a sophisticated buyer most probably will ask. So, you receive the benefits of an independent review without the inherent risks of disclosure.” Hosted by Crowley Law LLC Founder and Managing Partner Philip Crowley, the “From Lab to Patient, Garage to Market” podcast explores the critical issues and concerns impacting the biotech, life sciences and startup markets by offering fresh perspectives from industry leaders and experts. It is available on YouTube, LinkedIn, Facebook, Apple Podcasts, Spotify, all the major podcast channels and at CrowleyLawLLC.com .
–Chris Marshall CEO/founder/president, Calder Biosciences, Inc.
“Phil Crowley has been extremely helpful in providing quick and thoughtful counsel regarding our business needs. Highly recommend his services.”
–Tor Alden Principal, high technology design engineering firm
For information on how our services and expertise can help your business thrive and succeed, please visit CrowleyLawLLC.com .
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