Your Business Deserves To Thrive
I am going to discuss one of the most common questions I get when I speak to audiences with newer businesses. Should I be an LLC, should I be a corporation, and is it okay to be a sole proprietorship? It really depends on your situation, so we really want to look at your circumstances. I get clients in all…
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…
Today I want to talk about your LLC and specifically your LLC agreement. What if your LLC agreement doesn’t fit your circumstances? A lot of times companies find that when they go back and revisit their LLC agreement, it doesn’t fit their circumstances. Maybe it was a form agreement that was downloaded off the internet early in the history of…
If you’ve been following our blog, you know we work with business owners to help them build companies that will stand the test of time. Companies that will do more than just what the owner does and that will survive even if the owner is not there. We help them build robust management systems, and often, that means a Board…
This is a common question I hear when I speak or work with business owners about the differences between board members and officers. How are things allocated? In a traditional model of corporate governance (which is now imparted in some LLCs depending on the LLC Agreement you use) there is typically a Board of Directors and officers. In a theoretical…
R. Shawn McBride recently spoke about the choices in managing an LLC. We’ve been collecting feedback from the community, hearing what types of issues people are dealing with. We have been talking about LLCs versus corporations. One of the recent questions we’ve gotten is “How do I manage my LLC?” If you have questions, send them to me or comment…
R. Shawn McBride recently spoke about protection and lack of protection concerning LLC. Hey folks, Shawn here with you. LLCs mean limited liability, right? You formed your company, you don’t have to worry anymore do you? Well, maybe not. Maybe so. Just because you formed an LLC or a corporation with your state and did that basic paperwork doesn’t necessarily…
It’s a common question I get. Do I want to be an LLC? Do I want to set up as an S corporation, or do I want to set up as a corporation? The answer truly depends on the company and your needs and your wants and your future plans. There is no one answer. One is not better than…
Many people set up their own limited liability companies. You’ll find it’s easy to set up an LLC, but hard to do it correctly. You can call upon a service such as “LegalZoom.com” to get forms for a very low price. However, those forms don’t come with custom-tailored advice, and that’s often where the problem arises. Here are the basic…
R. Shawn McBride recently spoke about protecting you from liability. Here is the transcript: https://www.facebook.com/rshawnmcbridepublic/videos/1498218563543378/ Hi folks, it’s Shawn here with you asking a tough question. Is your company giving you the liability protection that you think it is? Unfortunately, for a lot of people, the answer is no. So we’ve talked a little bit in our blogs if you…