by R. Shawn McBride | Oct 5, 2017 | Business Management, Disagreement, Multiple Owners, Partnerships
Partnership agreements are rarely as simple as people think they are. I spent a lot of time working on partnership agreements. What I find interesting is a lot of people think partnership agreements are simple. Give me a standard partnership agreement. We’re...
by R. Shawn McBride | Sep 20, 2017 | Business Management, Disagreement
A lot of times when clients approach us and they’re structuring their business, they’re very concerned about 50-50, who owns 51% of the business, who owns 50% of the business, and who falls below 49% of the business? In very simple terms, these are somewhat...
by Staff of the Firm | Sep 15, 2017 | Disagreement, Multiple Owners
Shortly after Hogan was brought in as a 1/3 owner of Turbine Asset Holdings, LLC (“TAH”), he began helping TAH with business opportunities using his contacts and expertise. [1] One of those business opportunity involved Pratt & Whitney (“Pratt”), which was...
by Staff of the Firm | Sep 14, 2017 | Disagreement, Multiple Owners
The R. Shawn McBride Law Firm, PLLC, frequently writes about a partnership, LLC, and multi-owner entities. Mostly we have discussed cases or situations where business partners start out on good terms, have a spirit of teamwork and sincerely eager to start a...
by Staff of the Firm | Sep 13, 2017 | Disagreement, LLC, Multiple Owners
In Mizrahi v. Cohen, [1] a dentist and an optometrist formed a limited liability company for the purpose of the construction and operation of a mixed-use building in which they intended to set up their individual offices. They did not have an LLC agreement at the...
by Staff of the Firm | Sep 11, 2017 | Business Management, Disagreement, Multiple Owners, Partnerships
In Cline v. Grelock, [1] the business partners were two-lifetime friends who started a towing business called American Asset Recovery, LLC (“AAR”) d/b/a Hound Dog Recovery. To start the business, Grelock and Cline personally guaranteed a bank loan for AAR to buy a...
