Title searches are a crucial part of a property transaction. For title insurance to be issued, the property's history must be known, which is where a title search comes into play. On this episode of Private Practices in Maine, Michael welcomes Brendan Barry, associate attorney at The Malloy Firm, back to the show to continue their discussion on real estate transactions. This time, they’re breaking down title searches and how they impact the ability to obtain title insurance. Michael and Brendan begin their discussion by explaining what a title search is and how to perform them. Once a title se ..read more

Reviewing the title is one of the biggest items in closing a real estate deal. There are many types of deeds, and understanding the ins and outs of the one that applies to your situation is critical. On this episode of Private Practices in Maine, Michael welcomes attorney Brendan Barry back to the show to continue their discussion surrounding real estate title and how they impact the purchase of a business. Brendan is an associate attorney on staff at The Malloy Firm and has a particular interest in real estate law, particularly title. He helps Michael break down the intricacies surrounding re ..read more

While title insurance may seem like a small component in a real estate transaction, it is one of the most important pieces of the real estate transaction puzzle. It protects the policy holder even after the sale is completed if issues arise. On this episode of Private Practices in Maine, Michael introduces us to Brendan Barry, the newest associate attorney on staff at The Malloy Firm. Brendan began his tenure at The Malloy Firm as a summer intern and continued to work through his third year of law school as a paralegal. He recently became a fully licensed Maine attorney and is particularly int ..read more

Emotions play a much more significant role in our success than we sometimes believe. Professional practitioners can be particularly egregious when acknowledging and handling their feelings. Instead, they place their noses to the grindstone and continue pushing ahead while stifling any negative emotions that may crop up. In this episode of Private Practices in Maine, Dr. Tarryn MacCarthy will explain why stifling your emotions instead of dealing with them is the wrong approach. Allowing yourself to feel your feelings can propel you to success while giving you the gift of being fully present in ..read more

Borrowing money from a community-based bank has distinct advantages over large corporate banks, including looking at the whole person--not just who they are on paper. In this episode of Private Practices in Maine, Michael welcomes back Rob Westhoven of Androscoggin Bank for part two of their discussion on private practice financing. Rob is an expert in commercial  financing, and his expertise brought private  practice lending to Androscoggin Bank. As a Senior Vice President and Director of Dental Banking, Rob understands the intricacies of private practice financing. Michael and Rob ..read more

Non-compete agreements can have some intimidating language. Understanding what is actually enforceable is an important step toward neutralizing these fears surrounding your business or your employment. A proposed bill in the U.S. Senate, the Workforce Mobility Act of 2023, would ban non-competes around the nation with limited exceptions. When considering non-compete agreements, you may believe they only apply to executives or high-paying, white-collar professions. But, in fact, they can apply to low-wage workers as well--workers who may not be able to attain another position of the same calibe ..read more

If you are planning to buy or sell a business--or it could happen sometime in the future--do not underestimate the importance of due diligence. One of the most common pain points buyers run into when purchasing a property is a lack of due diligence on the seller’s part. With the proper preparation beforehand, you can create a much smoother transaction for both parties. Furthermore, understanding the bank’s position in the acquisition can help you identify what needs to be done before involving the bank or the buyer’s counsel. In this episode of Private Practices in Maine, Michael outlines what ..read more

If you’re exploring the idea of entrepreneurship, never underestimate the power of relationships. We all understand how making the right connections at the right time can lead to opportunities we didn’t envision. When you’re considering starting a small business, these connections become even more important--offering strategic alliances that can create greater success than you imagined. In this episode of Private Practices in Maine, Michael interviews guest Michael Royer, MST, CPA. Michael moved to Maine from Texas 35 years ago to pursue entrepreneurship, leaving behind a position at a Fortune ..read more

One of the most common questions for professionals starting their own practices is how to form a business entity. It’s a fundamental, bread-and-butter issue but an important one. Knowing what kind of entity you need can impact your tax liabilities and act as a veil of protection around your personal assets. Anyone can start a business, but unless you properly form a separate legal entity, there is no separation between you--the person--and you--the business. This is when the benefits of forming a business association come into play. In this episode of Private Practices in Maine, Michael outlin ..read more

Some are content to punch a clock and work for someone else. Others dream of something different--something greater that can shape their lives in ways they’ve dreamed of. In order to create the life and practice you desire, you have to be willing to step outside of your comfort zone and create a value proposition for your clients that sets you apart. Your  career doesn’t have to be drudgery, but it can be hard to know where to begin. In this episode of Private Practices in Maine, Michael outlines his vision for this podcast, what he hopes to accomplish for listeners, and why there is so m ..read more