LEGAL OPINION LETTER
A legal opinion letter is a formal letter by an attorney verifying the legal status of a person or entity. Situations that utilize a legal opinion letter include verifying the validity of a company or corporation, verifying a lack of criminal status, and statements on how a judge should rule on a particular legal matter. At Tsang & Associates, we can provide a legal opinion letter for persons or entities in the state of California. We have written legal opinion letters in a wide range of different circumstances, and our attorneys will assess your circumstances and prepare an authoritative, strong legal opinion letter for you.
A situation where a legal opinion letter is required is when a person wants to take out a loan from a local bank. Typically, before lending, the local bank needs assurance that the person is qualified to do business and is in good standing. A legal opinion is then required to verify the person’s status with appropriate agencies and confirm any other requirements sought by the local bank.
LEGAL FEE
Our fee structure is unique to us as we strive to tailor our services for each client individually. We adapt price standards that are capable of fluctuating for each client. Clients may retain us for one or all of the below steps/services.
We are happy to customize a proposal for you during a consultation. Please see the below information.
WHAT MAKES US DIFFERENT
At Tsang & Associates, we treat each client like a well-formed partnership and involve you in every step of the process. When drafting a legal opinion letter, we work together with you until you are satisfied with our services. By the end of our partnership, our goal is not only to help you find success but also to help you become an expert in your own case.
CASE PROCESSING OVERVIEW
Step 1: Strategy Session for Legal Opinion Letter
This is the most crucial step for your Legal Opinion. We will review all of the supporting documents to determine the scope of the letter, create a strategy, a customized checklist, and a timeline to serve as the guiding foundation for the entire case preparation.
Step 2: Gather Documents for Legal Opinion Letter
Step 3: Review Documents for Legal Opinion Letter
After gathering the documents, we will carefully review all documents to support and construct the legal opinion letter. A strong legal opinion letter will provide the most relevant support and evidence pertaining to the issue.
Step 4: Preparation of Legal Opinion Letter
Once we have fully assessed your circumstances and reviewed all related documents, our legal team will prepare and draft a professional legal opinion letter.
Step 5: Review Legal Opinion Letter with Client
After preparing the preliminary draft, we will review the legal opinion letter with the client and conduct any necessary edits in this stage.
Step 6: Sign Legal Opinion Letter
After a thorough review, the client will sign the attestation and our attorneys will sign and issue the legal opinion.
WHAT MAKES A GOOD LEGAL OPINION LETTER
FACTS
Opinions are formed based on facts.
ANALYSIS
Analysis are made from examining documents, records, and statements.
ANSWER
Answers to the requestor’s questions in a clear manner.
DISCLAIMER
Disclaimers indicate the limited scope of the opinion.
STANDARD OPINIONS OFFERED
Remedies/Enforceability
Remedies/Enforceability legitimizes a transaction by imposing a remedy if a person fails to maintain their obligation
No Conflicts of Interest
No Conflicts of Interest ensure the transaction will not create defaults among other documents
Absence of Litigation
Absence of Litigation reviews the general counsel of material provided regarding litigation and has a “to my knowledge” qualifier limiting the contract provisions
Absence of Needed Consents
Absence of Needed Consents addresses governmental consents needed to assure the ability of a person to create a legal obligation as well as private party consents
Due Qualification and Good Standing in Other Jurisdictions
Due Qualification and Good Standing in Other Jurisdictions confirms the entity’s ability to enter transactions in jurisdictions other than its original incorporation
Examples
- Person’s Status
- Advice for Personal Actions
Due Authorization, Execution, and Delivery
Due Authorization, Execution, and Delivery addresses the action taken to comply with governance procedures in upholding obligations in a transaction
- Bank Loans
Regulatory
Regulatory ensures that no regulations are violated in entering a transaction
Examples
- Case Strategy
- Explaining Case Law
- Project Requirement and Regulation Analysis
- Employment Labor Law Analysis
Real Estate/Mortgage Loans
Real Estate Transactional notifies the Requestor that the Borrower is in good standing and in compliance with state law, and that the loan covenants are legally valid and enforceable
Tax Opinion
Tax opinions used to justify a person’s tax position in the case it is challenged by the IRS and provides the guidance on how the IRS and courts may treat a particular transaction
Health Care Opinion
Health Care opinions analyze the facts and circumstances which potentially implicate health care regulations and provides an explanation of the compliance with the applicable law and regulations.
Examples
- Medicare and Medicaid Reimbursement
- Certificate of Need
- Licensure
- State law
- Anti-Kickback Statute
- Tax-exempt Status
- Antitrust
- Over and Under-Payment Issues
ADDITIONAL RESOURCES
Services
Our attorney will prepare and draft a legal opinion letter in addition to reviewing documents to support and construct the letter.
Reasons for a Legal Opinion Letter
Common reasons for a legal opinion letter include determining the lawfulness of an action, securing contractual agreements, and answering questions raised by other professionals to make judgments.
Due Diligence
Legal Opinion letters are a form of due diligence to provide assurance and security between parties in a transaction.
Types of Reasoning in Legal Opinions
- “Clean” Opinions:
- Opinions are “absolute” (subject to assumptions, qualifications, etc.);
- Substance of opinions usually not legally at issue;
- Clear expression of the law on a particular manner
- Reasoned Opinions:
- Explained opinions
- No definitive law, or there are issues of fact that cannot be assumed away;
- Statement of what attorney believes the law to be, where there is uncertainty;
- “De Facto” Opinions:
- Written advice;
- Attorney prepared or reviewed disclosure materials;
- Due diligence reports provided to non-clients;
- Audit Responses:
- Provides meaningful information to the auditors by identifying overtly threatened and pending claims being handled by the attorney and unasserted claims as to which the client specifically requests comment.
- Third-Party Opinions:
- Analyze whether a party to an agreement will be able to follow through by determining whether:
- Entering into the current agreement will cause a default in an existing agreement
- The financial outlook of the parties is influenced by any pending civil action or investigation
- Provisions of the agreement are enforceable as written
- Analyze whether a party to an agreement will be able to follow through by determining whether:
Sample Legal Opinion Letter
Who Needs A Legal Opinion Letter?
Legal Opinion v. Legal Advice
A legal opinion is an attorney’s analysis based on past or present facts, while legal advice is an attorney’s counsel and guidance as to what future actions the client should take. A legal opinion is sought as “[a] written document in which an attorney provides his or her understanding of the law as applied to assumed facts.”
Benefits of a Legal Opinion Letter
- Legal defense of your company or organization
- Identify, manage, and minimize legal risks
- Verify compliance with regulations
- Understanding of the legal effects of a transaction
- Proof of lawful action
SCHEDULE A SESSION
Call or email us to set up your 1-hour consultation. Easily pay the $250 consultation fee over the phone or through our email link. If you would like to have a quick chat with our team before setting up the consultation, feel free to use the calendar on the right to book your 10 minute call.
FAMILY COUNSEL
In addition to legal opinion letter, we also specialize in other areas of family counsel. At Tsang & Associates, we treat you like family to ensure your family gets the full legal support needed. Check out our comprehensive services down below.
IT’S LIKE HAVING A LAWYER IN THE FAMILY
- As a family-owned law firm, we pride ourselves on taking care of our clients as if they are family. As your family counsel, we offer you the same support we provide our family, whether it is legal representation or problem-solving.
- A lawyer in the family provides you the comfort to pursue any endeavors and face any challenges when they arise.
HOW IT WORKS
Just like your bank account, you maintain $5,000 fully-refundable deposit in your own private Escrow Account. The money you deposit will go towards your billing services and you are able to take out the money anytime. If a problem arises, we assist and guide you if you have the $1,500 amount in your Escrow account. Also, when you have a family counsel with us, we provide exclusive service and fee deductions on additional legal services you might be interested in.
Situations happen. To protect your family from the negative and long term effects of adversaries, a family counsel can be tremendously beneficial and valuable. From real estate planning to responding to indentity theft, we are here to mitigate and prevent any lasting damages to the welfare of your family.
KEY BENEFITS
ACHIEVE GREATNESS
Planning ahead helps you build a life of stability and success.
OVERCOME ADVERSITY
If a problem arises, you have a trusted attorney you can rely on.
GIVE GREATNESS
Leave a legacy for your children and pave the pathway for their success
