Gregory Fryer

Practice Areas

-Securities Offerings & Private Placements

-Business Law

-Mergers & Acquisitions

-Private Equity, Investment & Institutional Advisors

-Corporate Governance & Board Advisory

Career

Greg has served as a trusted advisor to business clients for more than 30 years, helping them navigate their most complicated legal challenges through all kinds of market cycles and regulatory climates.

Greg has been recognized for his skill in both corporate law and securities law. He regularly guides companies, both large and small, through stock offerings, M&A transactions, and corporate restructurings. He also frequently assists other lawyers on the more technical aspects of projects involving financial regulations, legal opinions, or contract drafting. Greg has given special attention to capital formation issues for privately held companies. During 2014, he was among those involved in the design and drafting of the Maine crowdfunding statute and associated rules. Greg is also personally involved in capital formation from the standpoint of investors. He is a board member of the state's venture capital fund (Maine Venture Fund) and is also a member of the state's most active angel investor group (Maine Angels).

Beyond the technical and transactional side of his practice, Greg has served as outside general counsel to a large, diverse set of companies. Executives and directors look to him for experienced, pragmatic guidance on a wide range of problems, balancing business considerations with legal considerations. Greg is interested in management and efficiency issues. He has been a member of the firm's Total Quality Steering Committee since 1995 and has served as the Chair of the committee since 2008.

Before moving to Maine in 1985 to join Verrill, Greg practiced corporate and securities law in New York (Chadbourne Parke, now part of Norton Rose Fulbright) and Atlanta (Long & Aldridge, now part of Dentons). He has been active in the Business Law Section of the Maine State Bar Association. Greg has been a frequent panelist and lecturer on corporate governance and on topics affecting angel investing.

Professional Memberships

-Maine State Bar Association: Business Law Section; Chairman (1991-1992); Chair, Securities Law Subcommittee (1993-present)

-Drafting Committee: Maine Business Corporation Act

-Drafting Committee: Maine Revised Uniform Partnership Act

-Drafting Committee: Maine Revised Uniform Limited Partnership Act

-Drafting Committee: Maine Limited Liability Company Act

-Drafting Committee: Maine Uniform Securities Act

-Fellow, Maine Justice Foundation

-Boston Bar Association, Business Law Newsletter, Editor (2010-2011)

-Maine Angels (2013-2019), Governance Committee (September 2015-2019)

Public Service:

-Board of Trustees, Maine Maritime Academy (2016-present)

-Board Member, Maine Venture Fund (2007-2013 and 2018-present)

-Maine Bar Foundation, Director (2004-2006), Finance/Investment Committee (2004-2011)

-Maine Commission on Investment Capital (1990-1993)

Publications

-"Will Your Startup Require Significant Outside Capital? Consider C Corp!" -Maine Venture Fund

Alerts:

-"FinCEN BOI Reporting Requirements in Plain English" -Verrill

-"PPP Forgiveness Planning Scenarios" -Verrill

-"PPP: How is Maine Faring?" -Verrill

-"60% Is Not a Cliff, Indeed" -Verrill

-"The New PPP Math: 24 + 60 = > Forgiveness + > Paperwork" -Verrill

-"PPP Math for the Self-Employed: And, Yes, There is Still Time" -Verrill

-"FINALLY!!! . . . SBA Guidance on the Forgiveness Math" -Verrill

-"Divide by 40, Indeed" -Verrill

-"PPP Loan Forgiveness: Further Guidance on the Math" -Verrill

-"PPP Forgivable Loan Program: How to Do the Math" -Verrill

-"PPP Forgivable Loan Program: An Update from the SBA" -Verrill

Personal

Greg's wife, Joanne, is an attorney who has her own divorce mediation firm. She also runs Mowfield Farm in Cumberland, Maine, where she grows dahlias for local florists and wedding planners. She and Greg enjoy sailing, skiing, hiking, and otherwise taking full advantage of all four New England seasons.