New Associate Michael Ruffolo Joins Coolidge Wall

In Business Law, Estate Planning, General, News, Tax by Coolidge Wall

Dayton, Ohio – Coolidge Wall Co., L.P.A. is pleased to announce that Michael Ruffolo has joined the firm as an associate in its Corporate & Business, Estate Planning and Probate, and Tax Departments. Within corporate/business, Michael provides services to clients pertaining to mergers and acquisitions, corporate formations, business and operations, general business counsel, and corporate governance. In tax, he assists clients on federal, state, and local tax issues.  Michael’s estate planning practice includes assisting clients in all aspects of the preparation and administration of estates. Michael graduated from the University of Dayton School of Law in 2023 with a certified concentration in …

Coolidge Wall Receives 2024 Best Law Firms First-tier Ranking

In Business Law, Employment Law, Labor, Litigation, News, Real Estate, Tax by Coolidge Wall

Dayton, Ohio – Coolidge Wall Co., L.P.A. has received first-tier metropolitan ranking in 10 practice areas by U.S. News & World Report and Best Lawyers in the 2024 “Best Law Firms” list. Achieving a top tiered ranking signals a unique combination of quality law practice and breadth of legal expertise among ranked law firms. The 10 areas for which the firm received Tier 1 ranking are Commercial Litigation, Corporate Law, Employment Law-Management, Labor Law-Management, Litigation-Labor & Employment, Litigation-Real Estate, Real Estate Law, Tax Law, Trusts & Estates Law, and Workers’ Compensation Law-Employers. To be eligible for a ranking, a firm …

New Associate Jordan Staley Joins Coolidge Wall

In Business Law, General, News, Real Estate by Coolidge Wall

Dayton, Ohio – Coolidge Wall Co., L.P.A. is pleased to announce that Jordan Staley has joined the firm as an associate in its Real Estate and Corporate/Business Departments. Specializing in commercial real estate, Staley brings comprehensive legal counsel to both corporations and individuals. His experience encompasses the spectrum of commercial real estate transactions, from acquisitions and sales to project development and financing. Within the firm’s Corporate Department, Jordan services includes corporate formations, mergers and acquisitions, regulatory compliance, and collections. Before joining Coolidge, Jordan worked for a Dayton-based law firm, concentrating in real estate, municipal law, and business litigation. While finishing …

Greg Ewers, Coolidge Wall Shareholder, Congratulates Centric Consulting on First Acquisition

In Business Law, News by Coolidge Wall

Coolidge Wall is happy to offer congratulations to our client, Centric Consulting, a prominent international business and technology consulting firm, on their first acquisition. Centric Consulting recently acquired The Mako Group, a leading cyber risk management firm. Greg Ewers, a shareholder in the Coolidge Wall’s Corporate/Business Department, worked with Centric Consulting on this acquisition, which will allow them to offer clients a holistic suite of services, combining cyber risk management with existing business and technology services.

Is Your Business Experiencing a Cash Flow Shortage?

In Business Law by Coolidge Wall

Running a business is hard. There will be times that every business owner will face an aggravated customer, an uncooperative vendor, a disgruntled employee or a difficult economic challenge. All of these situations are manageable, and the challenges can be overcome. Economic Distress Can be Managed and Overcome It is not uncommon for businesses to experience times of economic distress and cash shortfalls. A cash flow shortage could be caused by late paying customers, a need for increased inventory to support growth or a structural imbalance between revenue and expenses. A cash flow shortage can be extremely stressful to a …

Telling Your Employees You Have Sold the Business!

In Business Law by Coolidge Wall

“Don’t confuse ‘strict confidentiality’ with ‘keeping employees in the dark.’ Private is useful. Secretive is deceptive.” Stacy Feiner – from her book Talent Mindset. The quote by Stacy Feiner is appropriate for working with employees in the day-to-day operations of a business, but what about when the owner of a business is ready to realize their exit strategy? Business owners are generally passionate about what they have created and nurtured, but there comes a time when the business owner needs to take their chips off the table. When is the “right” time to tell employees that the business has been …

Is an SBA Loan Right for Your Business?

In Business Law by Coolidge Wall

According to Derek Hutson, CEO of Datical, “Entrepreneurship is at the core of the American dream. It’s about blazing new trails, about believing in yourself, your mission and inspiring others to join you in the journey. What sets [entrepreneurs] apart is the will, courage and sometimes recklessness to actually do it.” To realize their dream, an entrepreneur must have capital to either start or purchase a business enterprise. If the entrepreneur does not have the total of the funds required for the venture, loans guaranteed through the Small Business Administration of the United States (“SBA”) may be a viable source …

The Game of Risk (Allocation)

In Business Law by Coolidge Wall

According to Benjamin Graham in his book, The Intelligent Investor, “Successful investing is about managing risk, not avoiding it.” This same concept holds true and can be applied to transactions involving the purchase or sale of a small to medium sized business. Even with unlimited resources to conduct due diligence, there will always be risk for both the buyer and the seller in any business transaction. One of the most significant sources of risk in a business transaction is the risk of the unknown: in all cases, the buyer or seller “does not know what he or she doesn’t know”. …

Opportunity awaits small business owners who are PREPARED to sell their business

In Business Law by Coolidge Wall

According to a report published by, an online market place for small business sellers and brokers, the number of small businesses which sold in 2017 increased by 27% over 2016. Based on survey data, this growth in business transactions was driven by: (1) strengthening revenue and profits of small businesses; (2) an increasing number of owners looking to sell; and (3) an increase in the number of qualified buyers in the market. The survey data suggests that the number of businesses sold will continue to grow into 2018. Prepare to Take Advantage of These Trends If a business owner …

Small Business Owners Need to Plan an Exit Strategy

In Business Law by Coolidge Wall

The United States Small Business Administration defines a “Small Business” as generally one with less than 500 employees. Of the approximately 29 million businesses in the United States, 99% are, by definition, a small business. Ohio has approximately 927,000 small businesses representing 98% of all companies in Ohio, and those companies employ 46% of the Ohio workforce. A recent study published by Babson College estimates that more than 50% of America’s small business owners are over the age of 50. Do they all have an exit strategy? Entrepreneurs are passionate advocates for their customers, their products, and their creative ideas. …