Attorney BioRussell M. Frandsen
RUSSELL M. FRANDSEN, ESQ.
SUMMARY OF EXPERIENCE:
Mr. Frandsen has over 32 years experience with the major corporate law firms in
CORPORATIONS, CORPORATE FINANCE AND SECURITIES, AND CORPORATE TRANSACTIONS:
Mr. Frandsen has developed considerable expertise in corporations, partnerships, limited liability companies and joint ventures, and the business transactions using these forms of business organization. Accordingly, Mr. Frandsen is an expert in forming corporations, preparing Articles of Incorporation, Minutes, and By Laws, organizing limited liability companies, preparing general partnership agreements and limited partnership agreements, creating joint ventures, effecting mergers or consolidations of business entities and handling the usual business transactions that arise in the normal course of business. Mr. Frandsen is active in mergers and acquisitions, handling numerous transactions involving both private and public companies. Mr. Frandsen handles contested and uncontested corporate dissolutions and liquidations. He has advised clients on hostile tender offers, proxy contests, and other fights for corporate control. He has advised many clients on corporate financing, including debt and equity financing, private financing, public offerings, joint venture financing, and other finance vehicles. Mr. Frandsen also represented underwriters in both public and private transactions.
Mr. Frandsen pioneered the way for Internet securities offering. He obtained the IPONET No Action letter, dated July 26, 1996, setting forth the guidelines for securities offerings on the Internet, particularly private offerings, as well as public offerings. Mr. Frandsen obtained the definitive opinion of the California Commissioner of Corporations interpreting Corporate Securities Act of 1968, as amended, section 25102(n), including in particular the use of Section 25102(n) offerings on the Internet. Mr. Frandsen has participated as speaker and panelist at a number of national and local seminars and conferences on Securities Laws and the Internet.
Mr. Frandsen has considerable experience in the acquisition, sale, and leasing of Commercial Real Estate. His experience includes tax planning for all phases of Real Estate Acquisition, Operation, and
TECHNOLOGY, BIOTECH AND MEDICAL DEVICES; VENTURE CAPITAL:
Mr. Frandsen has developed considerable expertise in high technology companies, entrepreneurial businesses and venture capital investing. In this connection, he has handled numerous technology start-up firms, mergers and acquisitions, federal and state securities law issues, including public and private securities offerings, intellectual property licensing and technology transfers, technology joint ventures, securing and protecting trade secrets and intellectual property and related general business problems. Mr. Frandsen has served as outside general counsel to a number of clients in the high technology field.
Mr. Frandsen has advised a range of clients which includes individuals and companies involved in such diverse technological activities as biotechnology and pharmaceutical development, medical devices, solar energy and green technology, Internet commerce sites, Internet access companies, uranium enrichment through laser diffusion technology, industrial acoustic imaging, document imaging, storage, and retrieval through systems integration and proprietary software development, electronically controlled and metered fuel injection systems for internal combustion engines, pressure and temperature sensors, optical data storage, proprietary computer board manufactures, carbon, fiber and other composite material, molding technology, solar energy development, fluid control valves for the semiconductor industry, high performance general aviation aircraft engines, piezo electric telephone switching technology, data base search engine software, Internet software, medical software, web site software, optical filters, multiplexing and demultiplexing telecommunications devices, genetic diagnostic tools, domestic and foreign technology, licensing agreements among others.
Mr. Frandsen was a certified specialist in State and Federal Taxation under the California Specialist Certification Program from the mid-1980s until 1996. Accordingly, Mr. Frandsen's practice includes business and tax planning and representing clients before the Internal Revenue Service and United States Tax Court. Mr. Frandsen's clientele demands a considerable degree of tax experience and sophistication. Mr. Frandsen has written numerous tax opinions or has provided other tax advice in connection with the public and private securities offerings, mergers and acquisitions involving Section 368 Transactions, cost recovery deductions under Section 168, and risk limitations under Section 465, the determination of appropriate taxable years and the timing of deductions and income, Section 1031 tax free exchanges, all phases of partnership taxation, unreasonable compensation, accumulated earnings tax, disguised dividends, S Corporation elections and other S Corporation issues, withholding taxes, penalty and interest, and many other matters that arise in an active tax practice. He has represented clients before the United States Tax Court and during the examination and audit process. He advises clients on California Franchise Taxes, Sales and Use Taxes, and Municipal Taxes such as the Los Angeles Gross Receipts Tax.
RETAIL AND CONSUMER BUSINESSES:
Mr. Frandsen has developed considerable expertise in retail and consumer businesses, including branding, positioning and operations. Clients include well-known national retail chains and substantial local business. In the restaurant and food products sectors, Mr. Frandsen has provided counseling and advice to nationally known fast-food chains and local restaurants, internationally branded snack food products, and interstate distribution of fresh foods, including fish, meats, and cheeses. Other retail clients have included manufacturers and retailers of cosmetics, household fashion items, furnishings and goods, computer games, and national retail stores in women’s and juniors’ clothing. Mr. Frandsen advised one of the first on-line consumer e-market businesses focusing on affinity marketing with national retailers. Services to these retail clients include trademark applications and disputes, lease negotiations and renegotiations, financing and acquisitions, joint ventures, private equity financing, advising on federal and state regulations, product sourcing, international distribution and international licensing. Mr. Frandsen has developed a niche expertise in gift cards and gift certificates law and practice. He has advised clients on such issues relating to gift cards as regulations of gift cards, application of abandoned property laws, application of money transmitters laws, choosing the most advantageous state venue for a gift certificate company, preparing contracts with parties involved in the industry, and advising on the structure of gift card programs in light of the application of revenue recognition policies under GAAP.
AV rating from Martindale-Hubbell, the highest rating awarded by Martindale-Hubbell for integrity and professional expertise.
American Bar Association - Section of Business Law, Section of Taxation, Section of Law, Science and Technology, Section of International Law, Section of Real Property Law.
State Bar of California - Section of Business Law, Section of Taxation, Section of International Law, Section of Intellectual Property, and Secti