Your Business Deserves To Thrive
R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: Family Dynamics: What’s Good for the Goose is Good for the Gander. He examines how to deal with family dynamics. You can see the full article here. This posting is intended to be a tool to familiarize readers with some…
R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: Key to Planning: The Laws of Empowerment to Strengthen your Business. He examines how it’s important in the planning process to understand that just because you build a plan, doesn’t mean that circumstances are going to happen exactly that…
R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: What Happens To Your Business If Something Happens To You? He examines what happens to your business if something happens to you. How does your business continue? You can see the full article here. This posting is intended to be…
Unexpected things are going to happen. Read that again. Think about that. Things that you don’t expect are going to happen. There’s a lot of stuff that’s possible in this world and a lot of randomness, and things that we aren’t anticipating are going to happen, so we need to have system in place and procedures to get us through…
We work with a lot of partners to develop a lot of businesses, and unfortunately, that means we’ve see a lot of business fights. And they’re never pretty. At some point, perhaps, you didn’t write the perfect partnership agreement. Perhaps, it didn’t have the flexibility that it needed to evolve over time. Perhaps, maybe you did build a really good…
This author is not a big fan of fighting sports, but the news of the sale of the Ultimate Fighting Championship (“UFC”) in early July was hard to miss. Nay, it wasn’t the eye-popping price tag ($4 billion) attached to the sale of the company to a group led by talent agency WME-IMG, which the media says is the largest…
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 respective offices. The two did not have an LLC agreement at the time they formed the LLC; it was executed a few months later when they…
In Saunders v. Firtel, as in Cline v. Grelock, the two business partners were close friends.[1] Firtel was the sole owner of a pharmaceutical sales corporation called Adco and Saunders was a sales representative for a medical supply company. In 1986, the two decided to enter into a formal business relationship by allowing Saunders to obtain a 49% shareholder interest…
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 get the business rolling, Grelock and Cline personally guaranteed a bank loan for AAR to purchase a motor vehicle for the business. Unfortunately, the business was not very successful—it had substantial debts and…
Here at The R. Shawn McBride Law Firm, PLLC, we write and speak frequently on business partnership, especially the 4 Ds (death, disability, divorce, and disagreement), which can have a major impact on businesses. In our previous blog series on business divorce, for example, we talked about why business partners may disagree, describing some instances of conflict that business owners…