Author Archives: Aimee Davis

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About Aimee Davis

Aimee B. Davis is a business attorney and the owner of Aimee B. Davis Law P.C. in Brooklyn, New York.
EMAIL: aimeebdavis@gmail.com
BIO: About Aimee
PHONE: 917-617-2243

Is a Letter of Intent Necessary in an M&A Transaction?
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Is a Letter of Intent Necessary in an M&A Transaction? | Aimee B. Davis

{3:42 minutes to read} There’s a debate raging among transactional attorneys about whether entering into a letter of intent (LOI) in advance of negotiating a purchase agreement is a necessary step in the M&A process. An LOI summarizing the basic terms of a proposed deal provides an outline for the longer form purchase agreement. Some attorneys think it’s penny wise but pound foolish not to have an LOI.

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Embracing the Change of Season
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Embracing the Change of Season | Aimee B. Davis

{3:36 minutes to read} As Oprah is to bread, I love summer! I love basking in the sun and watching the waves crash on the beach. I love socializing with friends, cooking and eating fresh fruits and vegetables. I also love the playfulness of the summer season, so accepting the transition from summer into fall is always a challenge for me. Why is it important to embrace the season you are in?

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Virtual Reality: Is It a Substitute for the Real Thing or Just a Novelty?
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Authored by , re: TECHNOLOGY, on .
Virtual Reality: Is It a Substitute for the Real Thing or Just a Novelty? | Aimee B. Davis

{3:48 minutes to read}  July 1st, 2017: The day I experienced virtual reality. As a telecom and new media attorney, I was first introduced to augmented reality (AR) nearly five years ago. In negotiating Non-Disclosure Agreements relating to this new technology, I understood that AR eyewear and similar devices could alter and/or enhance our visual experience. Interesting concept, right?

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Do Your Clients Consider You to Be a Trusted Advisor or a Scribe?
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Do Your Clients Consider You to Be a Trusted Advisor or a Scribe? | Aimee B. Davis

{4:00 minutes to read} As a solo, my role has shifted over time from acting principally as a legal scribe to more of a trusted advisor to many clients. Occasionally, a client makes it clear they prefer me to stay in my legal lane and not offer business advice. I find this tension exists for other professionals as well, so I interviewed Larry Cohen, Partner-in-Charge, Business Management Hospitality Group Leader at Marks Paneth LLP, to gain his sage perspective.

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Coping with a Computer Crash? Let it Go! Let it Go!
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Coping with a Computer Crash? Let it Go! Let it Go! | Aimee B. Davis

{3:30 minutes to read} In February, I experienced every computer user’s worst nightmare. My computer crashed, and unless I was willing to pay $3,000 to a forensic expert (a/k/a a professional hacker), nothing was retrievable from the hard drive. For several weeks prior to the crash, whenever I turned my computer on, it sounded like a plane about to take off. So, the crash was not entirely unexpected. In anticipation of the inevitable, I purchased a new computer, but unfortunately, my hardware died before I had a chance to set up the new system and transfer the data.

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Do You Engage in Good Business Habits?
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Do You Engage in Good Business Habits? | Aimee B. Davis

{4:24 minutes to read} Although Q1 2017 is in the history books, it’s never too late to re-evaluate your business habits and consider how they may be improved. Transitioning from an employee of BIG LAW to a solo practitioner was challenging, but figuring out how to organize my time has always come easy to me. When I launched Aimee B. Davis Law P.C., people who knew I worked from home commended my self-discipline and ability to stay motivated.

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Can You Minimize Publication Costs by Forming an LLC in Albany?
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Can You Minimize Publication Costs by Forming an LLC in Albany? | Aimee B. Davis

{3:06 minutes to read} In New York State (NYS) every new limited liability company (LLC) must announce its formation by placing notices in two publications for a period of six weeks, at a cost of up to $2,000. This revenue generating mechanism applies to domestic LLCs as well as foreign LLCs seeking to qualify to do business in NYS. Although investors and attorneys have argued that such a “tax” drives new business away from NYS, the legislature has consistently affirmed this mandatory requirement.

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Giuliani to Be Cybersecurity Advisor?
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Authored by , re: Business Law, LAW RELATED ARTICLES, MANAGEMENT & TECHNOLOGY, on .
Giuliani to Be Cybersecurity Advisor? | Aimee B. Davis

{2:54 minutes to read} In light of the hacking allegations into the DNC’s and Hillary Clinton’s emails during the 2016 presidential election, I’ve been thinking about cybersecurity. Throughout my career, I’ve focused on the use and protection of confidential information, and I’ve often wondered how to effectively prevent cyber-incursion. For nearly as long as I’ve practiced law, I thought that measures taken by the legal community seemed inadequate, because they were generally focused on mitigating liability after such an event occurs, rather than finding solutions to prevent breaches from happening in the first place.

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Are Your Marketing Efforts Visible?
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Are Your Marketing Efforts Visible? | Aimee B. Davis

{3:18 minutes to read} I like to say that everything I know about marketing, I taught myself. I didn’t study marketing in school. I never even took a marketing course. However, as the proprietor of Aimee B. Davis Law P.C., I’ve had to learn a great deal over the past 7 years about the best ways to promote my “laptop” law practice, but there is always more to learn about marketing in the digital age.

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How to Obtain Financing for Your Business
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How to Obtain Financing for Your Business | Aimee B. Davis

{3:48 minutes to read} Because I’ve represented several clients in the fashion merchandising industry, and have over 20 years of experience negotiating a wide variety of corporate transactions, I recently attended an Accessories Council event about financing sources for fashion and accessory businesses. The presentation was made by Paul Schulinder, SVP of Rosenthal & Rosenthal.

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Let’s Go Work for Facebook!
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Let’s Go Work for Facebook! | Aimee B. Davis

{3:54 minutes to read} In last month’s blog, I mentioned that I regularly attend panel discussions, seminars and business development meetings to meet potential clients, confer with like-minded professionals, and learn new things along the way. I recently attended a presentation at Facebook’s NYC headquarters regarding How Social Media is Impacting Elections. The strategic use of social media seemed like a relevant topic, before the Republican nominee proved himself to be uncontainable in his Twitter rants.

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How Do You Define Success?
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How Do You Define Success? | Aimee B. Davis

{3:00 minutes to read} A solo practitioner or any type of freelancer should be prepared to face regular ebbs and flows in the level of work they receive. Before launching Aimee B. Davis Law P.C. and whenever I am struggling to get clients, I spend time on a daily basis thinking about how I can redefine success. I’ve expanded my definition of success to include having the freedom to choose my clients, associates and friends.

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Words Do Matter
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Words Do Matter | Aimee B. Davis

{3:54 minutes to read} In interpreting legal documents, the words actually matter. A well-trained attorney is best suited to understand and explain to a lay person the implications of the presence or absence of certain words. I often feel like I am speaking another language when discussing financing transactions, even with other attorneys less familiar with these types of deals. Generally, people just don’t understand what I’m saying.

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Want Your Work to Feel Like Play?
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{3:30 minutes to read} Recently, a number of people have asked us, “Where do you get the majority of your referrals?” This is a difficult question to answer. However, relationship building is the key to having a successful solo practice. Referrals come from all walks of life, including professional colleagues (current and former), as well as from friends.

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Happiness Is a Choice!
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Happiness Is a Choice! by Aimee B. Davis

{3:48 minutes to read} In May’s blog article, we introduced hypothetical characters, Mary and Barney, to demonstrate how differences in the work ethic of various employees can impact one’s professional and personal levels of satisfaction. As a reminder, Mary, a hard-working and well-intentioned employee, was asked to stay late by her boss. Barney, while an adequate employee, would not do as good a job, nor would he meet the important deadline with the same commitment as the boss knew Mary would.

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FEAR! — How To Face It Head-On and Turn It Into a Positive
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FEAR! — How To Face It Head-On and Turn It Into a Positive | Aimee B. Davis

{4:06 minutes to read} In May’s blog post , I discussed the value of taking a few long and slow breaths before embarking on any daunting task. I have an irrational fear of heights. I discovered this 25 years ago whilst climbing to the top of the cupola at the Vatican. In addition to hyperventilating and sweating my way to the viewing platform, when I arrived, I suffered the delusion that a strong wind would sweep me off the balustrade, carrying me to a dramatic death in the center of St. Peter’s Square.

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Setting Boundaries and Sticking to Them
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Setting Boundaries and Sticking to Them | Aimee B. Davis

{3:36 minutes to read} When you do good work, the reward (curse) is MORE WORK! Let’s say you are the BOSS…You’re looking to staff an important project. You see someone not so motivated (Barney), then you see someone who will jump on it and do it (Mary). You know you have to get this job done, there’s a deadline.

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Controlling the Punch of BIG DATA
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Controlling the Punch of BIG DATA | Aimee B. Davis

{3:54 minutes to read} Contrary to popular belief, the collection and use of BIG DATA didn’t begin with the advent of the Information Age. According to Edwin Black, an investigative journalist, author, and the son of Holocaust survivors, the use of BIG DATA began in Berlin in 1933, when the Nazis deployed IBM’s punch card system to help perpetuate the Holocaust. What is BIG DATA?

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Practical Tools for Overcoming Momentum and Effectuating Actual Change
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Practical Tools for Overcoming Momentum and Effectuating Actual Change | Aimee B. Davis

{3:03 minutes to read} Attention entrepreneurs and service providers: In January’s blog post, I asked whether you’ve set your 2016 business resolutions. This month, I’ve been thinking about practical tools for overcoming momentum and how to effectuate actual change. People tend to get “stuck” from time to time in the quest to achieve their goals and lead a meaningful life.

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Have You Made Your 2016 Business Resolutions?
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 Have You Made Your 2016 Business Resolutions? | Aimee B. Davis.

Happy New Year! January is a good time for businesses to look under the hood and kick the tires. The beginning of the new year provides an excellent opportunity to:

  • Evaluate what marketing practices are working well;
  • Abandon ineffective strategies and replace them with new ones; and/or
  • Simply tweak the strategies and practices you still have confidence in.

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A Man Would Ask for More
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A Man Would Ask for More | Aimee B. Davis

{3:42 minutes to read} Recently, a client was negotiating an employment agreement with a large bank. In discussing whether she should demand a higher commission, the client hesitated, wavering on whether she should accept our advice to push for a better rate. Ultimately, the client (who was familiar with the male-dominated world of finance) said: “You know what—ask for it—a man would ask for even more.” And she was right. The employer agreed immediately. Unfortunately, she then realized her demand was actually quite modest, and she felt like she had short-changed herself.

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Is Legalese Making It Hard to Understand Your Options in a Negotiation?
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Is Legalese Making It Hard to Understand Your Options in a Negotiation? | Aimee B. Davis

{3:48 minutes to read} A lawyer’s success depends on the value of the legal services she provides to her clients. As a solo practitioner, I take this statement seriously, and I spend a lot of time thinking about how to ensure I achieve this in each of my contract negotiations. I also participate in various business development groups with other attorneys where these concerns are discussed.

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Are You a “Rezooming” Attorney?
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Are You a “Rezooming” Attorney? | Aimee B. Davis

An interview: by Aimee B. Davis, of Debra Vey Voda-Hamilton, Principal of Hamilton Law & Mediation {3:48 minutes to read} The legal blogging community is gaining momentum. Not only do I blog about my personal experiences as a solo attorney, I’m also an avid reader of other blogs relating to solo and small-firm practice. I was intrigued by the term “the rezooming attorney,” in a recent blog post on the Solo Practice University Blog, by Debra Vey Voda-Hamilton entitled “4 Steps Will Take You From Employee to Entrepreneur.”

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Have You or Would You Consider Making an Impact Investment?
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Have You or Would You Consider Making an Impact Investment? | Aimee B. Davis

{3:48 minutes to read} Last week, a client asked me if I found being a solo practitioner rewarding. Without taking a breath, I honestly replied with a resounding “YES!” No disrespect intended towards my roots in Big Law! I appreciate that I am able to leverage my broad-based corporate legal experience and the solid training I received from my colleagues in Big Law firms! My mentors continue to support and guide me to grow my practice to this day. Shout out to my mentors!

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Are You Looking to Use Crowdfunding? Consult with Your Lawyer First.
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Are You Looking to Use Crowdfunding? Consult with Your Lawyer First. | Aimee B. Davis

{3.30 minutes to read} “Crowdfunding” is a popular term bandied about these days. Love it or hate it, it’s a term with lots of different meanings to a corporate lawyer. Businesses’ use of these relatively new online investments and financing vehicles is often fraught with complicated corporate legal issues. Whether you operate the online platform or you are an investor in this space, you should give careful consideration to the legal issues associated with your online platform.

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Are You Comfortable with the Cost of a Data Breach?
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Are You Comfortable with the Cost of a Data Breach? | Aimee B. Davis

While some people still shy away from online shopping in order to minimize disclosure of their personal data, it’s getting harder to keep personal information private and protected. In order to function effectively and efficiently in the digital age, we are pretty much forced to share personal information with certain retailers, the IRS, banks and other financial institutions.

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Are You Leveraging Your Network?
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Are You Leveraging Your Network? | Aimee Davis

{3:54 minutes to read} At a recent networking event, several successful and highly-educated women told me that women habitually fail to effectively capitalize on their professional network. In 2015, the importance of networking has become ingrained in our professional psyches. But, if you diligently attend monthly business development meetings and the occasional cocktail party without following up and developing meaningful and trusting relationships with the professionals you meet, then you are missing out on valuable opportunities. Here’s a good example of how I recently leveraged my professional network in order to provide the best possible legal services to my client.

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Attorney Engagement With Social Media
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Attorney Engagement With Social Media | Aimee Davis

{4:12 minutes to read} Social media has changed communication in both our personal and professional lives. When I worked in “Big Law,” appropriate law firm response to social media was still being debated. IT professionals expressed concern over data security and confidentiality breaches; Marketing people feared that a firm’s image would be compromised or misused; Typical responses included blocking social media websites, such as Facebook, and; Blogs were viewed with suspicion.

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Don’t Be Your Own Attorney, Especially If You Aren’t One
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Don’t Be Your Own Attorney, Especially If You Aren’t One | Aimee Davis

{3:50 minutes to read} From the perspective of a corporate attorney with expertise in international M&A, financing, and private equity transactions and general commercial contracts, and a litigator with commercial, business and securities litigation experience. Since the Plain Writing Act of 2010, SEC disclosures, consumer and commercial contracts have become shorter and simpler to read. In the digital age, forms of complex legal documents and agreements are more accessible to everyone. Combine this accessibility with the fact that, at the inception of a deal, business people are often (un-cautiously) optimistic and don’t want to focus on the potential disintegration of the very project into which they are investing time, energy and money.  Contracting parties are often lulled into a false sense of complacency when entering into transactions, because they believe that all parties desire the same end result.

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