Your Business Deserves To Thrive
In this edition of the McBride Attorneys Law Show we discuss what do you do when you get threatened to be sued? You can see the whole episode here. Make sure you subscribe – and ring the notification bell – on our YouTube Channel so you can get updates as we add new episodes. If someone – or a lawyer…
In the event of a dispute it’ll usually be given to a judge and/or jury to place meaning on the terms of your contract. And under the law of most states the judge and jury will first look at the terms within the contract. If they look at the contract and think they know what it means based on their…
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 just doing a normal partnership agreement. These are the types of statements I might hear when somebody’s calling…
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 important because generally if you don’t do any planning, the person who owns 51% of…
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 expected to be a very significant inventory management opportunity worth at least $80MM of a net profit. Hogan led…
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 partnership, only to see their relationship weaken over time due to disagreements over management, ownership, or other issues. …
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 time the LLC was formed but it was implemented a few months later when…
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 motor vehicle for the business. The business did not succeed. It had significant debts and did not…
In this post, we will discuss why every client needs to have his or her own lawyer. It may not be readily apparent to most non-lawyers (and even some lawyers), but in every case or matter where a lawyer represents more than one person, there is potential for a conflict of interest. This means the representation of one client will…
Are you getting the best counsel? Who is looking out for you and your best interest? If you are involved in a multi-party business transaction, the lawyer involved may or may not be looking out for you and your economic interest. Read on to learn more. Previously we discussed in our blogs about business divorce and we pointed to some…