“It’s always wise to consult with an attorney before signing any kind of contract to protect your rights and get fair terms. We’d rather help clients up front versus helping them try to fight contract terms after the fact.”
By Annette Brooks
Michael Presbitero is an attorney at Starr Law Firm where he practices with his wife, Laura Starr, an award-winning estate planning and probate attorney, and her father, Bert Starr. Voted by Living readers as Best Business Law Attorney in the Frisco/Plano market in 2022, Michael skillfully leverages his undergraduate degree in finance and a law degree from DePaul University College of Law in Chicago to help clients protect their rights and assets and limit their risks. His expertise includes mergers and acquisitions, business law, real estate transactions, contracts, nonprofit, and business formation.
Part of a creative and collaborative legal team known for providing personalized service, Michael works synergistically with the other attorneys, providing comprehensive business solutions for their clients.
“With our rapidly changing business environment and the mid-term elections, which will have some effect on the business community, there’s never been a better time to confer with a business attorney up front rather than take a wait-and-see approach,” he says. “Whether you’re forming a typical for-profit business or a nonprofit, we’re here to help limit your liability and avoid unexpected costs.”
“It’s always wise to consult with an attorney before signing any kind of contract to protect your rights and get fair terms,” says Michael. “We’d rather help clients up front versus helping them try to fight contract terms after the fact.”
Michael also highlights an issue involving recent buyers in the residential real estate market that could have been avoided. “Unwitting buyers weren’t always getting the most favorable contract terms when interest rates were low. Although we’re still a growth market in North Texas, it’s shifting. Unfortunately, buyers who signed contracts a few months ago and were left waiting due to supply chain delays are now stuck with terms they wouldn’t have agreed to in a buyer’s market. Had they consulted with us before signing versus after the fact, we could have helped protect them from less than favorable contract terms.”
Another trending matter is increased interest in business succession planning. Laura and Michael often team up to develop a comprehensive solution for their clients. It’s common, for example, for a commercial real estate owner to need lease agreements or estate business succession planning. “Clients are reviewing their options and putting plans in place. They may want to retire soon and have a business partner or a family member take over their business. Or they may want to sell it in the open market.”
Michael adds, “We’re seeing a slowdown in larger mergers and acquisitions right now given current market conditions, particularly with interest rate increases, but smaller roll-ups are still occurring at a good pace.”
Schedule a consultation with the Starr Law Firm, P.C. today. Consultations are available in person, by phone, and via Zoom meetings. Outside of work, Michael and Laura enjoy traveling and spending quality time with their two-year-old daughter and their rescue dog.