31 May 2012
- Written by Carlee McCullough
"On Our Way To Wealthy" was designed as a weekly business column to inform and inspire African Americans to create and build wealth in our community. Over the last two years, we've profiled all types of businesses. From sports agents to stylists and contractors to security firms, their thoughts and steps have been laid out so that others may follow.
We have also provided advice on business plans, funding a business and marketing the business. The profiles have covered startup, family and long established businesses. With every article I have grown more and more inspired to join their ranks full time.
With approval from the City Administration, I had my own part-time boutique entertainment law firm. However, full-time I served as the Contract Compliance Officer for the City of Memphis. In that capacity I was responsible for the City's Minority and Women Business Enterprise Program, the Small Business Enterprise Program, and the Diversity Developer Incubator. For over twelve years I met with hundreds of businesses, all seeking to increase sales by reaching out to government.
My interaction with businesses over the years provided the much-needed stimulation to take advantage of my retirement opportunity (March 2012) with the City and focus on McCULLOUGH LAW full time.
Here's an "On Our Way To Wealthy" self-profile of McCULLOUGH LAW and our practice areas.
As a former Certified Public Accountant, my knowledge and understanding of complex issues coupled with the ability to provide solutions is somewhat unique. Providing solid legal advice and counsel is the primary mission of our firm. We assist in business formation and business planning in deciding whether to operate as a closely held business, limited liability company, partnership or corporation. We also provide advice about contracting, directors' and officers' liability, dissolution, franchising, reorganization, trade association membership and activity, joint ventures, mergers, acquisitions, divestitures, business successions, and shareholders' rights.
In the area of entertainment, we facilitate and negotiate business deals. From business formation to trademarks and copyrights, we have concentrated in this area for many years. Having served as the Legal Liaison to the Memphis & Shelby County Music Commission, as well as the Memphis & Shelby County Film Commission, we understand the landscape of the City and State as it relates to entertainment. Holding law licenses in California and Tennessee, McCULLOUGH LAW concentrates on the following entertainment topics:
Film & television: Option agreements, finance, talent agreements, screenwriters, film directors, actors, music composers/directors, trade union agreements, distribution, theatrical releases, DVD releases, intellectual property including copyrights and trademarks.
Music: Record label, music licensing, publishing, talent (artists, musicians, producers) agreements, synchronization rights, music industry negotiations, copyrights, trademarks.
Publishing: Print and digital media issues, including advertising, models, author agreements and intellectual property issues.
While divorce is frequently a painful ordeal, it can also serve as a new beginning. We help bring closure.
If you have been denied benefits or need assistance in the process, McCULLOUGH LAW is here to help you navigate through the process. We understand this may be the most challenging time of your life and therefore we are sensitive to the situation and eager to provide help.
In life, unexpected events happen that make it difficult for individuals or businesses to pay bills. The law allows relief in certain circumstances. At McCULLOUGH LAW, we help identify the appropriate relief. The most types of bankruptcy cases are:
Chapter 7 is commonly referred to as "straight" bankruptcy or "liquidation." The debtor is required to give up property that exceeds certain limits known as "exemptions."
Chapter 11 is commonly referred to as "reorganization." This type is frequently used by businesses and individuals with very large debts.
Chapter 13 is commonly referred to as "debt adjustment." This type requires a debtor to file a plan to pay some of the debts from current income.
McCULLOUGH LAW is highly experienced in the formation of non-profits.
At McCULLOUGH LAW, we draft wills for individuals with a desire to direct the disposal of their assets upon death. Wills give a person an opportunity to provide instructions about who should serve as your personal representative (called an executor) and who should receive your assets. Wills also can name a guardian for a minor child and make arrangements for the care of a disabled child or adult.
So know that I am now a full-time entrepreneur who can more fully understand the pain, challenges and rewards of all that we have been profiling – and will be profiling in the future.
We are truly On Our Way to Wealthy!
(For additional information about McCULLOUGH LAW please visit www.McCullough LawFirm.com.)