Date: June 2019
inBrief (Oregon State Bar - Professional Liability Fund)
Your real estate client wants to bring in a few “money people” to purchase the property for a new apartment building. Or your small business client needs cash to open another retail location and is getting financing from friends and family.
Ordinary business deals can inadvertently morph into securities transactions whenever somebody puts money into a business, especially if the investors aren’t engaged in running the business. And if your client’s deal involves the sale of a security, you as the lawyer can incur a significant liability risk if the business fails, even if you competently drafted the deal documents.
Read the full article on the OSB Professional Liability Fund website.
