Ladies & Gentlemen,Please note that I am withdrawing as Counsel & Investor relations effective upon this posting. In defense of Luis, please note building a business is tough. Luis has been putting this together for over 6 months since I came along. The most difficult part of any business is having sufficient working capital to address expenses, costs, and payroll. As everyone knows, most businesses FAIL within the 1st three years due to 10 reasons. 1 through 9 being UNDERCAPITALIZATION. Number ten being MISMANAGMENT. Luis contacted each of you on oDesk or Guru hoping to extend his limited budget as far as possible. But the reality is, growth takes money. And without sufficient capital it becomes a juggling act to determine how these limited funds will be utilized. Although my rate was only a VERY SMALL FRACTION of my normal $500 to $750 per hour transactional attorney rate, Luis really seeks and requires a paralegal who is willing to work for $10 (or) $15 per hour; so that he can extend his budget as far as possible until he can secure proper working capital. In the mean time, it is what it is, and he is trying to manage everything the best he can. Given Luis is always posting for positions on Guru and oDesk, I am positive this void will be filled quickly. Without my license, since Florida requires anyone who is managing real estate to be licensed in Florida, what must be addressed as quickly as possible; to avoid any civil or criminal liability being imposed upon each of you, new counsel will be neccessary. Not to mention there is a lot of work to be done. Besides all the legal work in applying for and securing working capital through Grants, Government loans, raising private funds, the business plan needs to be completed and finalized. A company policies & procedures manual needs to be developed. If raising private funds a Private Placement Memorandum must be drafted. Federal & State filings must be made. Almost everything a business transacts in requires some level of legal review to maintain and be in legal compliance and/or protect business interests. And being internet based, the rules become a little more involved and complex. Hence the Confidentiality & Non-compete Contract. Unfortunately, most of this work requires more than the current budget can provide for. Although the original and current posting states 10 hours per week, the actual budget allowed for less than 2 hours per week. So the only viable option was to withdraw so a $10-$15 paralegal could be used until an improved budget could be raised. Again, Luis is doing the best he can given his budget limitations. In closing, good luck to all of you.
Thu Jul 21, 2011 4:21 am by jamesbradley