Casey W. Riggs
Casey spends his time on two primary practice areas. He assists business clients in wide variety of corporate and business matters, such as mergers and acquisitions/sales of businesses, raising capital through venture capital and private debt and equity financings, developing bonus, long-term incentive, and equity/phantom equity plans, entity formation, and other general corporate, contract, and business issues. Casey also assists individuals and families with estate planning and estate and trust administration. Casey’s ability to offer a combination of these areas has proven especially effective for companies considering transition or an exit event.
For Business Clients
Casey represents both buyers and sellers in mergers and acquisitions. This work involves assisting with negotiation of term sheets or letters of intent, supervising due diligence, and drafting and negotiating purchase and sale agreements and related documents such as escrow agreements, earn-out agreements, promissory notes, noncompetition agreements, employment or consulting agreements, and transition services agreements. Casey helps clients get these deals closed quickly and efficiently while minimizing post-closing risks.
Many of Casey’s clients are experiencing rapid growth and need to raise outside capital, which may come from bank financing, friends and family, angel investors, and/or venture capital or private equity funds. Casey guides clients through this process from the term sheet or letter of intent stage through the closing of a financing transaction.
Frequently, Casey’s clients are seeking creative ways to attract, retain, and compensate key employees. This often includes designing and implementing bonus plans, long-term incentive plans, phantom equity plans, restricted stock/stock option plans, and profits interest plans for limited liability companies. Casey helps clients understand the differences among these types of arrangements and select and implement the plan that is right for them.
Business owners planning to sell often ask Casey to get involved early on to help with exit or transition planning. This usually involves income and estate tax planning and making sure the selling business’s legal contracts and affairs are in good order to maximize the value of the business for potential buyers and avoid unexpected issues that can slow down a deal (or in the worst case, kill the deal altogether).
Most of Casey’s clients need contracts reviewed and negotiated from time to time. This may include contracts with employees, customers, and vendors. Casey routinely assists clients with day-to-day contract negotiation and often represents clients on a fixed monthly fee basis for these services.
Casey helps startup businesses develop a solid legal foundation at the outset. This work often includes providing advice with respect to entity selection, drafting organizational documents and agreements, making sure clients have appropriate contracts in place (e.g., customer and supplier contracts and contracts with employees and contractors). Casey also helps startup clients identify other key legal issues and find advisors who can assist them (e.g., trademarking brand names and handling employment issues).
For Estate Planning Clients
See Estate Planning & Administration under the Services tab for a description of Casey’s work in these areas.