Posts by Philip Krause
Building Blocks For The Future
From our offices in the Livestock Exchange Building we have a front row seat to watch the construction of a new $41 million mixed-use residential development to include 232 luxury apartments. This modern-day facility is being built on the historic site of Kansas City’s Stockyards District, first developed in the late nineteenth century and operated…
Read MoreKrause Law Stars In The Movies
The unique offices of Krause Law, located in the historic Livestock Exchange Building in the Stockyards District of Kansas City’s West Bottoms, were converted into a movie set today, to film scenes for a “mocudocumentary” named “Why White Men Can’t Dance.” This film, by author-director and Krause Law client Phil Cacioppo, is a light-hearted documentary…
Read MorePhilip Krause In “Speed Lawyering” Event
Philip Krause will participate in a “speed lawyering” event for E-Scholars on April 21, 2018. This unique event allows aspiring entrepreneurs to obtain critical early stage legal counsel from practicing lawyers on a pro bono basis, in high-intensity thirty-minute counseling sessions. The E-Scholar (or Entrepreneurship Scholar) Program [add link to: https://bloch3.umkc.edu/entrepreneurship/entrepreneurship-scholars/ is a unique two-semester offering…
Read MorePrefer to Participate
Companies and investors toss around the term “series A round” as though it has a specific meaning that everyone knows. For example, the venerable source Wikipedia states with confidence, “A series A round is the name typically given to a company’s first significant round of venture capital financing. The name refers to the class of…
Read MorePhilip Krause to Present Lecture to Lawyers on Using Special Board Committees
The Kansas City Metropolitan Lawyers Association (KCMBA) has invited Philip Krause to present a lecture on “Nuts & Bolts Considerations for Special Committees of the Board of Directors” at a continuing legal education seminar for area attorneys. Krause will use his experience from representing boards of directors and special committees, as well as having served…
Read MoreGresham’s Law: “Bad Money Drives Out Good”
We recently assisted a client in mediation hoping to resolve a difficult business dispute among two owners. We engaged an experienced mediator and committed an entire day to the effort. We spent weeks in careful preparation, developing several approaches we believed would create an opportunity to develop win-win solutions. After all, the business was generating…
Read MoreKrause Law Represents Key Partner in Major Stockyards District Development
Developer Flaherty & Collins Properties has just broken ground on “The Yards,” a $41 million mixed-use residential development with 232 luxury apartments and over 3,150 square feet of retail space. The project is located in Kansas City’s historic Stockyard District, adjacent to the Livestock Exchange Building. The new development also is immediately across from Kemper…
Read MoreNo Friends or Family
A common misnomer for early stage companies is that they are raising funds through a “friends and family” round. What they typically mean is that they are seeking funds from close family members, or acquaintances, who might be easy touches for giving up their dollars, but the company is not going through the full documentation,…
Read MoreKrause Law Represents Key Shareholders in US $100 Million South African Transaction
Omnia Group, a global agribio conglomerate headquartered in South Africa, has just announced its acquisition of Oro Agri SEZC and related Oro Agri operating companies for US$100 million. Krause Law represented a group of shareholders owning 20% of Oro Agri SEZC in a transaction that required 90% shareholder approval, giving them a key role in…
Read MoreConvertible Notes or Not
Many early stage companies use a financial instrument, called convertible notes, to raise early funding. The basic terms are: immediate investor funding, unsecured debt, conversion to equity whenever equity financing is funded, a stated interest rate and maturity date. However, the instrument is commonly misunderstood. In blunt terms, a convertible note is a “junk bond”…
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