The R. Shawn McBride Law Firm, PLLC

03/31/2026

ALERT: LLC Capital Contribution Provisions

Most people think if they own an LLC they have a liability protection shield. That their personal assets won't get harmed because of an LLC problem.

I.e. what most people expect - if things go bad they won't have to put more money into the LLC.

BUT - I've seen LLC Agreements where there are provisions requiring more money to be added to the LLC by the Investors.

This can WIPE OUT all of the protection investors expect.

These provisions can be hidden and have unintended consequences.

I've seen a few of these in the last few months. Deals where an LLC was formed years ago and my law firm was brought in later for another issue. Then we find the historical issue buried.

Most investors want LIMITED LIABILITY.

So - check out those old LLC Agreements. Talk with your lawyer if needed.

This isn't the only potential GOTCHA in LLC Agreements. I can write more on that in future posts if you ask for it below by writing "MORE PLEASE".

Educational only. Not legal or financial advice. Consult with your attorney.

What else do you want to hear about? Let me know below!

06/26/2024

Julian Assange - What few are talking about.

The controversial Julian Assange case seems to have come to an end in a whimper.

Mr. Assange took what was clearly the easy deal - plea for time served and move on with this life that has been disrupted by this case for so long.

But the US government didn't get nothing here. They got a plea of guilty which will be there to point to as precedent in future media rights cases.

Now international journalists will know if they cross the US government they may well be subject to the laws and courts of the US, even if they are far away.

Is this good for free speech? Is it good for a free press?

These are things we must decide. What do you think?

Join me in the comments with your thoughts! 👇

05/19/2024

For those that didn't take Accounting 101.

When Person A own a loan - a student loan - Person A has a liability and someone else has an asset (the amount owed on the loan).

That asset is probably owned by some worker - or grandma - who has saved for retirement.

When the liability disappears someone has to replay the asset holder.

Loans don't magically disappear without something happening on the other side of the equation.

Questions? Drop them below.

02/09/2024

Taylor Swift doesn't want her plane's location disclosed.

And she's flexing legal muscles.

I go into what's going on here:

Let’s see what’s there - and what it means for our businesses

02/08/2024

Taylor Swift doesn't want her plane's location disclosed.

So she's hired a big name firm.

Does she have a legal leg to stand on?

What lesson does this have for all of our businesses?

I get into it in this video:

It seems Taylor Swift doesn’t want her jet tracked.She’s, in fact, hirer a prominent law firm to tell the student who was tracking her jet to stop.And he see...

02/08/2024

Tucker Carlson is under fire from Europe, it seems.

Free speech isn't what it used to be.

The lessons for our business are many.

And I talk about it here:

It has business implications too

02/07/2024

When should you form your LLC or corporation?

When's too early?

When's too late?

I look into the issue in this article:

It’s a common question and I have some answers

02/06/2024

How soon should you form your corporation or LLC?

There's a lot of things to think about.

But I jump into some of the key considerations in this video:

It’s a common question I get in different forms.When should you form your corporation or llc?When is too soon?When is too late?I discuss that - and more - in...

02/06/2024

It is expected that the firm that won against Elon Musk and his pay package will be asking for Billions of dollars in legal fees.

What is going on here?

I go into it:

The “how” can make all the difference

02/04/2024

Elon Musk tells us he is looking to move Tesla from being a Delaware corporation to being a Texas corporation.

Will this fix his problems?

Maybe not.

I discuss more here:

Will a move to Texas fix his problems?