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Category Archives: LLC

Setting Up an LLC: Distinctively Easy, But Surprisingly Difficult

June 20, 2017

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 steps to form an LLC and what can go wrong along the way.

Step 1. Set up a company and give notice to the state.Read the rest

Was Your Company Properly Formed? Do You Have Hidden Liability Risks?

June 2, 2017

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 go to www.mcbrideforbusiness.com/blog and www.mcbrideattorneys.com/blog, we’ve talked a bit about liability protection. And obviously that’s one of the primary reasons a lot of people form an LLC or a corporation is you wanna protect your assets.… Read the rest

Setting Up an LLC

May 4, 2017

A limited liability company does just what it says — it provides limited liability to business owners in most jurisdictions. It can be very simple to set up an LLC, especially if all you want is a legally-sufficient entity. But there could be more to it.

Most states also have what often is called a certificate of formation, though it may have other names. This is a filing with the state that notifies people that you are using your LLC and the name you are using.… Read the rest

Do You Need an Entity to Protect You?

May 3, 2017

You’re starting a business? Congratulations. Did you set up an entity? Should you?

There’s plenty of hoopla these days about setting up a limited liability company or a corporation. If your goal is to build a business for the long-term, it probably makes sense to set up an LLC or other entity. That’s especially true if you have visions of eventually selling your business or getting other people involved because you want to have a separate legal entity that hosts your assets and liabilities.… Read the rest

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

Cross Pollination: Don't Limit Yourself

April 18, 2017

R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: Cross Pollination:  Don’t Limit Yourself.

He examines how some regions are better at manufacturing, some regions are better at capital formation, some regions are better at fostering start-up companies and some regions are better for Fortune 500 companies.

You can see the full article here.

About the Author

R. Shawn McBride — R. Shawn McBride is the Managing Member of The R.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

How Should I Manage My LLC

March 17, 2017

R. Shawn McBride recently spoke about the choices in managing your LLC. Here is the full transcript: https://www.facebook.com/rshawnmcbride/videos/10158329819400514/

 

Hello, everybody out there. R. Shawn McBride live with you here in Baltimore, Maryland. I wanted to touch base with you on how you should manage your LLC. We’ve been collecting feedback from the community. People have been saying what types of issues they’re dealing with. We’ve been talking a lot 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 in to me.… 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.