Your Business Deserves To Thrive
Generally, partners are jointly and severally liable, and each partner is personally and individually liable for the full amount of all partnership obligations. For example, in the farming partnership case we discussed in our previous post, each partner would be liable to any person with a claim against the partnership. For example, if the supplier sues the partnership – each…
In the previous post of this series, we talked about general partnership and one of their most fearful characteristics. So if general partnerships exist, how do courts and others know? Statutes often state that a partnership is an association of two or more persons to carry on as co-owners of a business for profit whether or not it was intended. …
What is a General Partnership? For example, two brothers agree to invest in several tracts of real property to make some money. One brother who was an engineer and used his engineering skills to increase the value of the properties; the other brother was responsible for obtaining the title and paying taxes using his skills in marketing and administrative services.…
I want to talk about something that’s very serious out there, not often talked about, but it’s underappreciated. Investors, if you’re investing in a company, you need a lawyer too. Why? Because you don’t know how those documents are prepared. Those documents were likely prepared by the company and/or its lawyers. And who are they looking out for? They’re looking…
It’s often a common question that clients ask us when do we need to set up legal entities? When are we okay going without a legal entity and when should we set up an entity? Here’s a few rules and red flags to look for that might indicate that it’s time for you to set up an entity. # 1…
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…
R. Shawn McBride recently spoke about partnership agreement form and why there is not just one form. Here is the transcript: https://www.facebook.com/rshawnmcbridepublic/videos/1467664139932154/ Folks, R. Shawn McBride with you here live, getting ready to give a presentation here shortly. I’m going to be talking about business partnership agreements, which brings up a recent issue. I was recently contacted, this happens…
R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: Why I’m Not Upset When Partnerships Don’t Happen. He the reasons why I am not upset when partnerships don’t happen is sometimes it’s better to fail early in the process. As a business lawyer (www.mcbrideattorneys.com) and later a business…
R. Shawn McBride recently spoke about the risk of using an independent contractor. Here is the full transcript: https://www.facebook.com/rshawnmcbridepublic/videos/1444831732215395/ Hi there. R. Shawn McBride live from Orlando, Florida. If you’re listening in today, I’d love to know where you are and who’s listening in, so drop your name and say hello. Tell me where you’re from and what topics might…
R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: Dealing with Management Changes. He discusses management change and how companies evolve over time. You can see the full article here. This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This…