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Category Archives: Deadlock

Family Dynamics: What's Good for the Goose is Good for the Gander

February 2, 2017

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 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

Keys to Planning: The Laws of Empowerment To Strengthen Your Business

December 30, 2016

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 way.

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. Read the rest

What Happens To Your Business If Something Happens To You?

December 16, 2016

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 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

Expect The Unexpected And What To Do About It

November 18, 2016

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 those times.

By definition, unexpected things are things that we’re not planning on. These are things that could happen. We want to have contingencies in place .… Read the rest

What Should I Do If I Get In A Fight With My Partner?

November 9, 2016

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 partnership agreement and even built in the possibility of disagreements or other things that might come up in the life of the business, but you and your partner have just went in different directions.… Read the rest

Resolving Business Partnership Disputes, à la UFC

October 4, 2016

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 deal in the history of professional sports,[1] but the way the former majority owners, Lorenzo and Frank Fertitta, agreed to settle disputes.… Read the rest

When Things Fall Apart: Business Partnership, Disagreement, and Dissolution (Part IV)

September 8, 2016

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 purchased the land.  The lender required an LLC agreement and the attorney who represented both members at the closing drafted an LLC agreement. … Read the rest

When Things Fall Apart: Business Partnership, Disagreement, and Dissolution (Part III)

September 6, 2016

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 Adco and to become an employee of the company.  Their written agreement provided that both would devote their time and efforts to the business and receive an equal combination of compensation and fringe benefits but also allowed Firtel to spend considerable time away and apart from the business. … 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.