LLCs have bulletproof liability protection for the owners. Forming an LLC in another state helps avoid taxes. And LLCs are easy to form, just grab some corporate formation documents and copy & paste LLC in there.
Yes, business attorney R. Shawn McBride has seen the good, the bad – and the just plain ugly – when it comes to LLCs. Too many attorneys think that LLCs are an easy, one size fits all entity for a business. Shawn will dispel common myths, explain the basic building blocks of an LLC, highlight liability issues, detail common mistakes and conclude by showing you how to make a better LLC. Additional topics: Freedom of Contract, the LLC Operating Agreement, what varies in state statutes, what varies in case law, common pitfalls, what’s different than corporations, fraudulent transfers, personal guarantees, avoiding piercing the veil, Capitalization & Insurance, Series LLCs, Wrong Concepts In Formation, planning for the 4 D’s (Death + Disability + Divorce + Disagreement), understanding the LLC Statute, integrating with Accounting & Estate Planning, Fiduciary Duty Planning, Indemnification, Board/Decision Making and planning for disagreement.
R. Shawn McBride works with business owners that want to lay the foundation first and get their business going in the right direction or assess where they are and set the stage for a brighter future for their business.