In the ever-evolving business world, the expertise of a knowledgeable business attorney or business lawyer 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.… Continue reading Navigating the Legal Landscape: The Essential 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
When you created your business, you might’ve thought that you had every kink worked out and every contingency under consideration. But as time rolls on, you’ve probably found that new issues come up, priorities change, and business decisions are more difficult to make. For those in a partnership, these issues can be multiplied and, if… Continue reading Effective ways to handle your partnership dispute
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 one 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