McBride Law Blog

BLOG

Category Archives: LLC

LLC vs. Corporations

March 16, 2017

R. Shawn McBride recently spoke with Angela Langlotz, a fellow attorney, http://trademarkdoctor.net/ about some of the differences between an LLC and Corporations. You can find the full interview here:

https://www.facebook.com/rshawnmcbridepublic/videos/1450372261661342/?pnref=story

 R. Shawn McBride: Hey everyone, Shawn McBride here. I’m with my friend Angela Langlotz and we’re going to be talking about LLCs versus corporations. This didn’t just come out of thin air – I was asking people recently what kind of issues they are seeing in their business. This came up so I’ve got a fellow attorney here to get us kind of familiarized with the issues and we want to make it understandable to you, so for those of you that are tuning in live, you can ask questions as we go.… Read the rest

Building More Effective Work Teams: Three Key Things to Incorporate

January 24, 2017

R. Shawn McBride recently published an article to the McBride For Business Blog on a topic that might be of interest: Building More Effective Work Teams: Three Key Things to Incorporate.

At The R. Shawn McBride Law Firm, PLLC, we are growing businesses. We are not only working with other people to help their growth, but we are dealing with our own internal growth.

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

Head East Young Man: Moving Your Business from California to Texas (Part IV of IV)

January 7, 2017

So you are moving from California to Texas?  What about existing business?

In our experience, may people move their legal entity as part of a relocation. They just don’t want to be dealing with the old state any more.

Existing Contracts. Obviously, the first issue is the XYZ, LLC, a California limited liability company is now XYZ, LLC, a Texas limited liability company. This is usually seen in bank accounts and contracts.

If there was a conversion this is usually just a matter of paperwork.… 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

7 THINGS TO CONSIDER IN MULTINATIONAL RISK MANAGEMENT & INSURANCE

December 22, 2016

Donna Pankotai recently published an article to the McBride For Business Blog on a topic that might be of interest: 7 Things to Consider in Multinational Risk Management & Insurance.

He examines issue of global regulatory compliance that are not considered to be a significant issue.

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

Personal Liability for Environmental Violations (Part III)

December 15, 2016

In State v. Pure Tech Systems, Inc.,[1] the property at issue had been used for petroleum and hazardous substance operations dating back to the 1880s and was already subject to the state’s closure order by the time it was transferred to Pure Tech Systems, Inc. (“Pure Tech”).  Subsequently, the City of Cleveland issued a citation to close the facility for the city and state fire code violations, followed by a consent order to address the violations.  The state’s environmental agency also began regulatory compliance actions against Pure Tech, which resulted in two additional consent orders. … Read the rest

Personal Liability for Environmental Violations (Part II)

December 8, 2016

In Morello v. State,[1] White Lion Holdings, L.L.C. (“White Lion”), a company owned by Morello, bought a piece of real property that was previously used as a pipe-manufacturing facility.  The previous owner of the property had a state-issued compliance plan to clean up groundwater contamination at the facility, which was also transferred to White Lion after the purchase.  A few years later, the State of Texas sued White Lion for failure to adhere to the requirements of the compliance plan and sought to hold Morello individually liable as the manager and operator of the company. … Read the rest

Personal Liability for Environmental Violations (Part I)

December 6, 2016

As you know, one of the principal advantages of forming a limited liability company or corporation is that it offers protection from liability for business debts and obligations.  As you also know by now, however, this liability shield is not absolute.  We explained in our previous blog series “LLC Update: Piercing the Corporate Veil” that in certain limited situations, courts may “pierce the corporate veil” to hold LLC members liable for business debts and obligations, especially when they operate the business without the requisite corporate formalities, commingle personal and business finances, and/or use the business entity to avoid creditors. … 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.