{"id":1061,"date":"2016-05-05T15:35:17","date_gmt":"2016-05-05T23:35:17","guid":{"rendered":"http:\/\/www.checkworks.com\/blog\/?p=1061"},"modified":"2016-05-20T13:40:17","modified_gmt":"2016-05-20T21:40:17","slug":"frank-alvarado-helping-clients-become-financially-independent","status":"publish","type":"post","link":"https:\/\/blog.checkworks.com\/index.php\/frank-alvarado-helping-clients-become-financially-independent\/","title":{"rendered":"Frank Alvarado: Helping Clients Become Financially Independent"},"content":{"rendered":"

\"Follow<\/a><\/p>\n

By MJ Plaster<\/p>\n

You might call Frank Alvarado a Chapter 11 attorney, but he describes himself as a corporate and commercial law and business litigation attorney. That\u2019s because he works to keep his clients on firm financial footing. He takes pride in navigating tenuous businesses around bankruptcy rather than through its storm whenever possible.<\/p>\n

<\/p>\n

Alvarado draws on his entrepreneurial streak in his practice. His independence led him to open his own practice in business law and to dedicate his life to helping people get their companies off the ground. \u201cI like to help people become financially independent and help them get started from a solid baseline,\u201d he says.<\/p>\n

Alvarado, the Fixer
\nSome people have an innate ability to find and fix problems, and Alvarado is one of them. He thrives on challenges, especially breaking down difficult problems into manageable components.<\/p>\n

\u201cEarly on, I discovered that I really loved problem-solving, and with effort, I\u2019m pretty good at it,\u201d he says. \u201cI love a good argument, and being a lawyer was one of the few options available that would allow me to debate issues on a daily basis.\u201d<\/p>\n

An Ounce of Prevention\u2026
\nCorporations can take the form of LLCs, S-corporations and C-corporations, and the distinctions can prove confusing. Each has it pros and cons, and Alvarado helps clients to determine the best form for their new businesses.<\/p>\n

In addition to working with startups, Alvarado helps protect business owners and\/or their shareholders protect themselves from personal liability by working with business owners to create the proper structure for future growth. He works to safeguard their companies\u2019 goodwill value, brand, etc., including, trademark and copyright protection.<\/p>\n

Alvarado brings a full array of legal and business management skills to the table. His practice helps clients establish proper management practices, helps parties buy businesses and\/or sell their interest in a business by drawing up buy\/sell agreements that protect them.<\/p>\n

Most business owners don’t want to be forced to work with individuals they had no intention of working with when they started the business. Alvarez can work with business owners to limit who can purchase and sell ownership stakes in the company.<\/p>\n

When necessary, he works to bring in qualified professionals, including, H-1, L-1 and O visas for business professionals.<\/p>\n

Sometimes, even the best-laid plans go awry. When a business is having extreme financial difficulties, all is not usually lost. Alvarado says, \u201cI can help companies reorganize their debt, including secured and unsecured debt through Chapter 11. Lastly, my litigation practice deals primarily with breach of contract cases.\u201d<\/p>\n

Keys to Success
\n\u201cI attribute my startup and continued success to my family and friends. Family was there at the beginning when success was not guaranteed. Initially, most of my clients came from friends and family,\u201d recalls Alvarado.<\/p>\n

My proudest moments have been winning trials for clients and watching their faces as the long years of stress immediately dissipates,\u201d says Alvarado. \u201cAdditionally, I have kept a lot of families in their family home after foreclosure proceedings. People are very emotionally invested in owning a home and having a safe place for their children to grow, and I do my best to help them achieve that end,\u201d he adds.<\/p>\n

Every business has its ups and downs, particularly when it\u2019s in the start-up phase. Alvarado came from a law-firm environment, which provided a steady stream of income, health insurance and security. During the first six months of owning his own firm, he was depleting his savings much faster than anticipated and his reliance on credit cards was increasing.<\/p>\n

\u201cI was able to survive and prosper because I made sure that I provided great service and met clients\u2019 expectations. As soon as the first few cases were completed, my success increased as I had clients who were willing to recommend my firm to their friends and family,\u201d says Alvarado.<\/p>\n

Recommendations to Millennials<\/strong><\/p>\n

Alvarado concludes by offering five points of advice to Millennials:<\/p>\n