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Category Archives: Choice of Entity

Time to Restructure Your Business?

May 1, 2017

A business can be set up in several ways. Is yours an LLC? An S corporation? C? Regardless, at some point you need to ask: Should I change? When business owners ask me, my answer is that there is no specific time or event that dictates that the time to change has come. We need to look at where your business is and where it’s going.

When you set up your business, I hope you worked with a legal advisor to help determine whether your best route would be to establish a limited liability company or one of the other entities.… Read the rest

"Am I Making a Business Blunder?"

April 14, 2017

R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: “Am I Making a Business Blunder?”

He examines how he was recently invited to be on Engel Jones’ podcast, Twelve Minute Conversations (www.twelveminuteconvos.com/). You see, Engel is working to set a world record for the most number of podcasts in a 90-day period. 

You can see the full article here.

About the Author

R. Shawn McBride — R.Read the rest

The Reality of Company Formation: Getting it Right from the Beginning

January 30, 2017

R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: The Reality of Company Formation: Getting it Right from the Beginning.

He discusses how to form a company with dreams of being small.

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 is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Read the rest

The Reality of Company Formation: Getting It Right from the Beginning

December 26, 2016

 Very few of our clients come to us when they want to form a company with dreams of being small. Almost everybody has dreams of growing and getting big, but resources are tight in the beginning, and we understand that. Many clients are looking for an inexpensive way to form their company. Enter websites like LegalZoom.com, where people can buy very inexpensive forms to form their company, or they could even bypass LegalZoom and file the form directly with the state.… Read the rest

This is Our Time to be Empowered in Business

December 21, 2016

We are living in a very unique time. Each of us gets to choose what we will do with our waking hours. Many of those that came before us didn’t have the luxury of choice. Think back to the world that your grandparents, or your great grandparents lived in. They were raised in a certain area where their educational choices may not have been great, and they made certain decisions and life paths based largely on what they knew to be true.… Read the rest

My Learning Experience Speaking To Tech Ranch

October 28, 2016

Last week, I spoke on The Three Laws of Empowerment at Tech Ranch. http://techranchaustin.com/ The room was full of a great group of entrepreneurs, and there was a lot of interaction in the room, and as always, I learned a lot from others when I spoke. One of my goals is to have a two-way conversation going during a speech and to learn about my audience and what they see, and then to address their concerns. A couple interesting topics came up from the conversation.… Read the rest

When a Corporation Fails To Exist (Legally) (Part IV)

October 27, 2016

In Hill v. County Concrete Co., Inc., Hill and Newman hired an attorney to form a construction services corporation to be known as “C&M Builders, Inc.” (C&M).[1]  The attorney advised Hill and Newman that the corporate name was available and that they could proceed with their business preparations, upon which Hill and Newman ordered checks, painted trucks, and opened a bank account, all imprinted with, or in the name of, C&M.  But for whatever reason, the attorney did not attempt to file the Articles of Incorporation until the end of February 1989, more than 3 months later, and when he did, the corporate name C&M was no longer available. … Read the rest

When a Corporation Fails To Exist (Legally) (Part III)

October 20, 2016

Corporation by Estoppel

In Cranson v. I.B.M. Corp., Cranson decided to invest in a corporation that was soon to be formed.[1] Upon being advised by the attorney that the corporation had been formed, Cranson received a stock certificate for his shares and was shown the corporate seal and minute book.  The company started conducting business, through corporate bank accounts, with auditors maintaining corporate books and records, and under a lease for the office space entered into by the corporation. … Read the rest

All postings are intended to be planning tools to familiarize readers with some of the high-level issues discussed therein. No posting is intended to be a comprehensive discussion and additional details should be discussed with your transaction planners including attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. This article should not be treated as legal advice to any person or entity.