Charles Hedrick (“Chip”) regularly organizes limited liability companies (LLCs) and corporations and represents them in buying or selling closely held businesses or their assets, including commercial real estate, and in commercial transactions. He prepares contracts, sales agreements, financing documents, land installment contracts and leases for use with customers, suppliers and tenants, and reviews contracts and leases submitted to clients by other parties. Also knowledgeable about franchise agreements and other forms of business ventures, Chip advises individuals and companies contemplating entering into or seeking to exit these arrangements.
Not limited to the for-profit sector, Chip organizes and represents nonprofit corporations, including charities and trade associations, and has worked with them in substantial mergers and reorganizations. He assists these entities to obtain and maintain tax-exempt status recognition from the IRS.
Chip represents numerous individuals with the preparation of estate plans, which include wills, trusts, powers of attorney, and other documents. He assists older clients in planning for long-term care and helps them with strategies to preserve their assets. Younger clients benefit from wills and trusts drafted by Chip that provide for trustees and guardians to look after their minor children. He represents individuals in probate proceedings for appointment as guardians or conservators of relatives and has extensive experience in administering estates of decedents. He has given presentations on estate administration and on protecting assets.
Chip is admitted to practice in Maine but is often retained by lawyers in other parts of the country to assist with estates that own Maine properties and by individuals and businesses in need of assistance with purchasing or selling Maine real estate.
Honors and recognition received by Chip have included being awarded a Margaret Chase Smith Internship in Maine Government, receiving the 1998 Maine State Bar Association Pro Bono Student Award, receiving the 2001 Maine Bar Foundation and Volunteer Lawyers Project Pro Bono Publico Award, and receiving recognition from the Maine State Bar Association in 2009 for his pro bono work.
Admitted to Practice
- State of Maine
- U.S. District Court, District of Maine
Member, Past and Present
- Androscoggin County Bar Association, Member
- Maine State Bar Association, Member
- American Bar Association, Member
- Maine Civil Liberties Union, Director and Treasurer
- Androscoggin Network Builders, Vice President