Due diligence is a vital process for anyone looking to buy a business. It involves scrutinizing the target company’s financials, assets, and operational details to uncover potential risks. This thorough examination will help you make an informed investment decision and avoid costly mistakes.
Resolving a partnership dispute typically starts with informal negotiation and communication to reach a mutually agreeable solution. If that fails, consider mediation, where a neutral third party facilitates discussions. If these methods are unsuccessful, you may need to explore alternative dispute resolution methods like arbitration or, as a last resort, litigation.
The Texas Deceptive Trade Practices Act (DTPA) is a cornerstone of consumer protection law in Texas. Enacted in 1973, it aims to safeguard consumers from fraudulent, deceptive, or unfair business practices. Whether you’re a consumer looking to understand your rights or a business owner aiming to stay compliant, understanding the DTPA is essential. … Continue reading The Texas Deceptive Trade Practices Act (DTPA)
Non-compete agreements are a common feature in contracts between businesses and their workers. Designed to protect trade secrets and prevent unfair competition, these agreements often extend to independent contractors. However, the enforceability of a non-compete agreement for independent contractors in Texas is subject to specific legal standards. This guide explains what independent contractors… Continue reading Non-Compete Agreement in Texas: What Independent Contractors Should Know
Navigating the world of independent contracting can be tricky, especially when it comes to understanding your rights and responsibilities in Texas. Whether you’re an independent contractor or a business hiring one, it’s essential to understand the legal framework governing this relationship. This blog breaks down Texas independent contractor laws and 1099 employee rights to… Continue reading Understanding Texas Independent Contractor Laws
Forming a Limited Liability Company (LLC) in Texas is a popular choice for business owners due to its flexibility, liability protection, and tax benefits. A critical step in managing an LLC effectively is creating an operating agreement, even though Texas does not legally require it. This document establishes rules, outlines roles, and helps avoid… Continue reading LLC Operating Agreement in Texas: Key Requirements and Tips
In Texas, disputes between majority and minority shareholders in closely held businesses are not uncommon. Whether driven by financial disagreements, conflicts over strategy, or personal animosities, these disputes often raise the question: can a majority shareholder remove a minority shareholder? While majority shareholders wield significant power, their rights are not unlimited, and the removal… Continue reading Can a Majority Shareholder Remove a Minority Shareholder in Texas?
Business partnerships often start with shared visions and goals, but conflicts can arise over time. When those disputes escalate, you may find yourself wondering if it’s possible to force out a problematic business partner. Whether it’s because your partner is making unilateral decisions, sabotaging the business, or refusing to cooperate, Texas law provides mechanisms… Continue reading Can You Force Out Your Business Partner in Texas?
Running a business as part of a Limited Liability Company (LLC) in Texas comes with its own challenges, and sometimes, changes in membership are inevitable. Whether due to disputes, a shift in priorities, or personal reasons, removing a member or withdrawing from an LLC can be complex. This guide explains the legal processes… Continue reading Can You Remove a Member from an LLC in Texas?
Tortious interference is a critical concept in Texas business law that protects contractual relationships from unlawful disruptions. It involves a third party’s deliberate actions to interfere with an existing or prospective contract, causing harm to one or both parties involved. As competitive as business can be, the line between legal competition and unlawful interference… Continue reading Understanding Tortious Interference in Texas Business Law
When starting a business in Texas, one of the most critical decisions is choosing the right legal structure. Two of the most popular options are Limited Liability Companies (LLCs) and Corporations. Understanding the difference between LLC and Corporation is crucial, as your choice will impact everything from taxation and management to personal liability and… Continue reading LLC vs Corporation: Texas Pros and Cons
In today’s interconnected world, legal disputes often cross state lines. If you’ve ever been served a lawsuit in Texas despite living or operating a business elsewhere, you may wonder how Texas courts claim authority over you. The answer often lies in the Texas Long Arm Statute and its provisions for establishing personal jurisdiction in… Continue reading How the Texas Long Arm Statute Establishes Personal Jurisdiction
Business partnerships can be powerful relationships, combining expertise and resources to achieve mutual success. However, conflicts and disputes between partners can arise, sometimes leading to significant financial and emotional strain. If these issues cannot be resolved amicably, legal action may become necessary. Understanding the grounds for suing a business partner is crucial if you… Continue reading What are the Common Grounds for Suing a Business Partner?
Non-compete agreements are often a point of contention between employers and employees. These agreements, designed to prevent employees from competing with their former employers after leaving a job, can significantly impact career mobility. If you’re wondering, are non-competes enforceable in Texas, the answer is not straightforward. Texas law allows for non-compete agreements, but they… Continue reading Are Non-Compete Agreements Enforceable in Texas?
Contracts are the foundation of most business and personal transactions. They create legally binding agreements that outline obligations and rights between parties. However, when one party fails to fulfill their obligations, it can lead to a breach of contract. Understanding breach of contract law in Texas is crucial for protecting your interests and pursuing… Continue reading The Texas Breach of Contract Law
Starting a business may seem overwhelming, but for many entrepreneurs, a sole proprietorship provides an ideal starting point. This straightforward yet effective business structure allows individuals to operate their own enterprises without the complexities that accompany larger corporate models. But what exactly makes this setup so popular, and why do so many small… Continue reading The Power of Sole Proprietorship: Why Many Entrepreneurs Start Here
Trade secrets are the lifeblood of many businesses, offering competitive advantages in a world driven by innovation and proprietary information. In Texas, the protection of trade secrets is governed by the Texas Uniform Trade Secrets Act (TUTSA), which provides businesses with robust legal remedies against the misappropriation of confidential information. This blog post… Continue reading An Overview of the Texas Uniform Trade Secrets Act (TUTSA)
Starting a business is an exciting journey that requires careful planning and attention to detail. Whether you’re launching a small business or forming a larger partnership, taking the right steps early on can protect your venture from potential legal problems. From selecting a proper business structure to drafting clear agreements, ensuring that every aspect is… Continue reading Essential Legal Steps for Starting a Business Safely
Entering a business partnership can be an exciting opportunity. It allows individuals to pool resources, share responsibilities, and, of course, share in the profits and losses. However, these financial aspects—particularly the profit and loss—are critical elements that need careful consideration. Understanding how profit and loss statements work within a partnership is essential to ensuring the… Continue reading Understanding Profit and Loss in Business Partnerships
Contracts are the backbone of any business relationship. They establish the terms, expectations, and obligations between two or more parties. But what happens when one party fails to uphold their end of the deal? This is where a breach of contract comes into play. Understanding what a breach of contract is, and how it… Continue reading Understanding Breach of Contract and How It Impacts Your Business
Disputes are almost inevitable. Whether it’s between two companies or internal issues within a business, conflict can easily arise. For companies looking to resolve these disputes quickly and cost-effectively, alternative dispute resolution (ADR) has become a popular choice. ADR offers a way to settle disputes without the lengthy and expensive process of going to… Continue reading A Comprehensive Guide to Alternative Dispute Resolution for Businesses
Business partnerships can either lay the groundwork for success or become a source of conflict. When two or more individuals join forces to achieve a common goal, their combined skills and resources can propel their venture to new heights. However, disagreements and conflicts are almost inevitable. In such scenarios, the expertise of a partnership dispute… Continue reading Partnership Dispute Lawyer’s Expert Insights on Resolutions
Running a business in Dallas, TX, is exciting, but sometimes, you’ll hit a bump in the road, like a disagreement or a legal issue. When things get complicated, you might start wondering, “What is a business litigation lawyer?” or “Do I need one here in Dallas?” Let’s explore why having a lawyer who knows business… Continue reading Facing a Business Dispute in Dallas, TX? Here’s Your Guide to Top-Tier Legal Help
Aspiring entrepreneurs take on a business partner for all sorts of reasons. Maybe they did not have enough capital to qualify for a franchise opportunity on their own. Perhaps they simply lack experience running a business. A partner can provide the skills or resources that an entrepreneur does not already possess. Partnerships help those who… Continue reading Is dissolution the only solution for a struggling partnership?
Getting sued as a business can feel like a big, scary thing. It’s a process called commercial litigation, and it has a lot of steps. But don’t worry—we’ll walk through the step-by-step process of a business lawsuit so you know what to expect. First Things First: You’re Being Sued Imagine you just found out someone’s… Continue reading The Step-by-Step Process of a Business Lawsuit
Negotiating contracts is a crucial skill for anyone in business. It’s about reaching an agreement that benefits everyone involved while protecting your interests. Let’s explore some dos and don’ts of negotiating contracts, ensuring you come out on top without burning bridges. Do: Prepare Thoroughly Before you even start talking terms, know exactly what you want… Continue reading Negotiating Contracts: Dos and Don’ts
Running a business means dealing with lots of paperwork. But some papers are important for keeping your business safe and running smoothly. Let’s talk about 10 legal documents every business should have. These papers help ensure everyone knows what’s expected, keep your ideas safe, and ensure you’re following the rules. Business Contracts Business contracts are… Continue reading 10 Legal Documents Every Business Should Have
If you’re interested in how to start your own business, it’s crucial to understand that around 55% of adults in the U.S. have started at least one business in their lifetime, according to the Global Entrepreneurship Monitor. With such a high number of people taking the entrepreneurial path, it’s essential to understand the basics of… Continue reading How to Start Your Own Business
In the ever-evolving business world, the expertise of a knowledgeable business attorney or business lawyers is invaluable. From the bustling cityscape of Dallas, TX, to the thriving suburban business hubs like Plano, Frisco and Allen legal professionals specializing in business law are the unsung heroes behind the success of both burgeoning startups and established corporations. What… Continue reading The Role of Business Attorneys and Business Lawyers
Navigating the complexities of business law can be a daunting task for entrepreneurs and established businesses alike. Whether you’re starting a new venture, negotiating a contract, or facing litigation, understanding the role of business law, and having the right legal support is crucial. What is Business Law? At its core, business law encompasses the rules… Continue reading Understanding Business Law: A Guide to Legal Expertise in Dallas
In the dynamic and competitive landscape of entrepreneurship, business dissolution can be a challenging reality that company owners may end up facing at some point. The journey of running a business is not without its obstacles, and understanding the common reasons that business dissolution may occur is crucial for any entrepreneur aiming to build a… Continue reading 3 common reasons for business dissolution among entrepreneurs
If you run a small business, you might think that trade secrets are only for big corporations or high-tech startups. The truth is that trade secrets can be any type of information that gives you a competitive edge and that you take reasonable steps to keep secret. This means that your small business likely has… Continue reading Do small businesses have trade secrets too?
A business contract is legally binding. If you don’t fulfill your obligations under a contract, you may be on the hook for a lot of money — so much money that it could seriously damage your business. A wise business leader will seek to avoid that problem by having backup plans or working out solutions… Continue reading ‘Force majeure’ clauses may be essential to your contracts
A Texas business can often benefit by expanding its leadership by bringing on a new partner. This can be useful in myriad ways. New partners can bring capital, expertise, a customer base and fresh ideas. However, there are risks with changing a business dynamic. It is essential to be aware of the law regarding partner… Continue reading What should my business know when bringing on a partner?
In today’s competitive business landscape, protecting intellectual property is crucial for companies of all sizes. Two commonly misunderstood forms of intellectual property are trade secrets and trademarks. While they both help provide legal protection, they serve different purposes and require distinct strategies. Trade secrets are valuable assets A trade secret refers to confidential business information… Continue reading What’s the difference between trade secrets and trademarks?
Many laws govern how firms transact business in Texas. The Deceptive Trade Practice Act is a business and commercial law that can have consequences for businesses in this state. What the DTPA does The DTPA is a wide-ranging consumer law that allows consumers to sue anyone who makes false, misleading, or deceptive statements when they… Continue reading Texas businesses should know about deceptive consumer law
Creating a formal business entity is a very involved process. People invest a lot of time, money and consideration into the creation of a business plan. They then generally choose a business structure, file paperwork with the state and start preparing to operate their new company. There are many different types of businesses that entrepreneurs… Continue reading 3 reasons entrepreneurs choose to form LLCs
Dissolution is often the final stage in a business’s life cycle. The owner or entrepreneur in charge of the organization files paperwork with the state to officially end the company. They will sell off or liquidate remaining business assets and cease doing business altogether. At the end of the dissolution process, the separate legal entity… Continue reading When are outstanding debts an issue during business dissolution?
Unlike a marriage, a business partnership doesn’t involve making vows about working together until death do you part, but that is an implied part of an agreement in many cases. Business partners may negotiate certain terms for a buyout in their contract with one another, but they will likely intend to continue working together until… Continue reading What happens when a business partner dies?
Shareholders hold an enormous amount of power. In short, your business is beholden to them, requiring you to focus on maximizing profits and driving your business in a way that satisfies shareholders. That may be easy to do in some market conditions, but there may come a time when you and your business end up… Continue reading Are you prepared for these potential shareholder disputes?
Partnerships can be born out of single conversations wherein people realize they have overlapping interests. A good business idea and a desire to work together are all that is truly necessary for a successful business partnership to begin bearing fruit. However, having the right paperwork is also crucial for long-term success. Partners must have a… Continue reading Why partners need a contract when starting a business
As you gear up to start your business, you’ll have to make a lot of decisions. You’ll have to secure a location, develop a marketing strategy and secure supply lines and talent. It can all be a little overwhelming at first, but these early decisions can be critical to your business’s sustainability and overall success.… Continue reading Should you use a partnership structure for your business?
If you are in business in Texas or about to embark on a business venture in Texas, it is important that you understand how the business laws will apply to your business so that you do everything by the book. When it comes to business, Texas has a rock-solid reputation because of low business taxes,… Continue reading Starting a new business in Texas
