San Antonio Business Lawyer

Fri, 11 Dec 2009 19:29:51 +0000

“After taking business transactions apart in the courtroom for more than twenty years, clients (and opponents) began asking me to work on their transactions from the front and prevent the ten most common problems from ever occurring in the first place.”

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James Montgomery

I am the San Antonio business lawyer who works with people in buying and selling businesses, planning for the future, and to get out of financial trouble.

For the last thirty years, I have tried cases for plaintiffs and defendants in State and Federal courts from California to Texas to Delaware. I have been the advocate for individuals and small companies as well as companies in the Fortune 100. Those litigation cases have ranged from representing thousands of homeowners for broken plastic pipe in their homes to oil royalty disputes to breach of confidentiality agreements.

After literally taking business transactions apart in the courtroom for years, clients (and opponents) began asking me to work on the transactions from the beginning to try to prevent the problems from ever occurring. In that stance, I have helped buyers and sellers in the sales of businesses ranging from large retail stores and manufacturing facilities to insurance agencies. I have helped clients buy multi-million dollar, multi-story office buildings and and negotiate commercial lease agreements.

I work to improve the way my clients do business if that fits their goals. I help design corporate structures and business transactions to increase profit, minimize taxes, and make sure that assets are protected from lawsuits. Having filed many suits and obtain judgments, I have learned where the potholes will be.

My business advice programs are based on regular review and meetings in order to get to know the client’s business and plans in more depth than is possible in the normal “hire a lawyer only when in trouble”. It will cost a lot more for me to get you out of trouble than it would cost to keep you out of trouble in the first place.

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I have been named a SuperLawyer in Texas and featured in Texas Monthly.

My lawyer peers have granted me “AV” which is Martindale Hubbell’s (rating agency) highest peer rating for lawyers.

I have presented papers and spoken to audiences that range from service clubs to the State Bar of Texas Continuing Legal Education seminars. I was recently named Individual Finalist, San Antonio Ethics In Business Award, 2009 by the San Antonio Business Journal.

The Montgomery Letter January 5, 2010

Mon, 04 Jan 2010 00:38:04 +0000

The Inheritance Tax Is Gone . . .

But For This Year Only

The inheritance tax completely went away as of January 1, 2010! Unfortunately, the sunset provision will bring it back right now as of January 1, 2011. With a vengeance as the credit drops to $1,000,000 per person from $3,500,000 in 2009. The tax rate is also higher.

Write your Senator and let them know that you want them to pass the extension with the $3,500,000 credit and lower tax rate!

“What I learned from My Father, the Grifter -
A lifetime of lessons on money from a con man”

by Pat Jordan

Editors Note: To read the article, click here

The lessons in this article are a bit surprising given the source.

Keep your overhead (“your nut”) low. The less your monthly overhead, the less you have to make every month. The less you have to earn each month, the more potential freedom that you have.

My good friend Rob Minton puts it this way in his renegademillionaireblog.com:

“What it really seems to boil down to is:
If your “nut” is lower, you own your business.
If your “nut” is higher, your business owns you.

Or I can put this another way…
If your “nut” is lower, you can work less and enjoy life more.
If your “nut” is higher, you must work more and enjoy life less.

Bottom line – Your “nut” ultimately dictates how much happiness and freedom you’ll have in life.”

Think about it. For every dollar in expense, you have to make at least two dollars to pay that expense.

How do you fire yourself?

What are the largest expenses you have? Home loan and car loan? What if you had them paid off? What if you had non-work related income every month sufficient to pay those bills? How would that change your life?

It is the New Year! It is time to take action. Change or expect the same result.

Kill Your Phone Remotely

Many of today’s most popular smartphones can be erased remotely if they are lost or stolen. Here’s how to do it.

Consider what you have on your phone . . . anything there you might not like to have some thief know? Here is how to “kill your phone”.

Read The Full Story

Don’t Get Identity Theft Protection

Go Ahead – Roll The Dice!

I don’t know whether or not you have real identity theft protection – the kind that will repair your credit not just notify you if something is reported. Don’t get identity theft protection unless you value your security. This program covers fixing your problem, not just alerting you like almost all the ones advertised (and for only about $35 per month). Makes a great employee benefit. Can be paid before taxes.

Looking for a private investor that would be interested in buying out a client’s current investors on a $17k note. The client is offering 12% and 2 points for a 1 year note. It is on a current rental property that the client has owned for 4 years. If you or someone you know would like to know more, please email me at jemlaw@mac.com.

Interested in buying notes?

I am forming a group to buy to buy a note that will be secured by real estate and refinanced within one year. Total will be about $400,000 in $50,000 pieces. This notice is not an offer to participate. If you want to know more, call me at 690-3700.

James Montgomery » San Antonio Business Lawyer

San Antonio Business Lawyer

The Montgomery Letter January 5, 2010