bennettwest

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So far bennettwest has created 66 blog entries.

Incorporating a Nonprofit in Texas

Many organizations exist without the benefits of incorporation. Becoming a corporation protects the leaders of the nonprofit from being legally responsible for its debt or lawsuits. Nonprofits based in Texas who wish to become corporations must follow the guidelines outlined in the Texas Non-Profit Corporation Act. Texas Non-Profit Corporation Act Requirements The Texas Non-Profit Corporation [...]

2018-06-18T12:13:21+00:00 June 11th, 2018|Business Formation, Business Law, Business Planning|

Understanding the Uniform Commercial Code

To properly manage US businesses, the government provides a Uniform Commercial Code (UCC) governing commercial dealings. The regulations encompass nearly all fields of business transactions, excluding real estate. The UCC’s legal rules ensure uniformity of business dealings across the country by creating a standard procedures manual. The codes will help guide your business transactions, especially [...]

2018-06-18T12:15:02+00:00 May 14th, 2018|Estate Planning, Probate, Will Contest|

The Corporate Dissolution Process

Many business owners decide to dissolve their companies instead of selling when they face financial problems. Each business situation is different, and there are many factors to consider when choosing dissolution. Business owners and board members should always seek legal counsel before beginning the process. A Corporate Dissolution If a company does not require bankruptcy [...]

2018-06-18T12:19:07+00:00 May 9th, 2018|Business Law|

Guardianship and Conservatorship

In the state of Texas, the terms guardianship and conservatorship are not interchangeable: Conservatorships are related to children and their parents. Guardianships are caregivers for adults who have become incapacitated, and children whose parents are deceased. Conservatorship Part of Parenting Plan Since 2005, all divorce decrees involving children must include a parenting plan. In a [...]

2018-06-18T12:19:46+00:00 April 27th, 2018|Estate Planning, Probate, Will Contest|

Avoiding Commercial Property Foreclosure

If you own commercial property and are facing possible foreclosure, there may be other options. You could consider recapitalization, refinance your debt, or restructure your debt. The following four tips can help you avoid commercial property foreclosure. Consider Recapitalization Generally, the original loan maturity date and interest rate stay the same in recapitalization. The loan [...]

2018-06-18T12:21:46+00:00 April 20th, 2018|Real Estate|

Employment Contracts Can Help Texas Companies

Texas is an “employment at will” or “right to work” state, meaning there’s no legal obligation for the employer and employee to have an employment contract. Employers and employees can terminate the employment relationship at any time for any reason. The exception: An employer cannot terminate an employee for an illegal reason (such as gender, [...]

2018-06-18T12:24:58+00:00 April 13th, 2018|Business Law, Employment Law|

Protect Your Intellectual Property Rights

Access to seemingly endless information at our fingertips makes it more important than ever for business owners to proactively protect their intellectual property. The type of intellectual property protection needed depends on your property. There are four types of intellectual property protection available under U.S. law: Original material has copyright protection. Musical scores, plays, books, [...]

2018-06-18T12:26:53+00:00 April 6th, 2018|Business Litigation|

Spousal Maintenance Agreements

Spousal maintenance, money paid to a former spouse after a divorce, is sometimes referred to as alimony. In Texas, when the court orders that one spouse make payments to another, this is referred to as court-ordered spousal maintenance. A spouse can ask for post-divorce support from the other during a divorce proceeding and private alimony [...]

2018-06-18T12:27:15+00:00 March 30th, 2018|Family Law|

Misrepresentation of Material Fact in Commercial Real Estate

Texas has laws about truthfully representing the facts about commercial real estate for sale. For example, sellers must supply any certificates of mold damage remediation gathered in the last five years, as well as written notice of storage tanks on the property and compliance with construction requirements. When sellers don’t truthfully represent the condition of [...]

2018-06-18T12:27:31+00:00 March 23rd, 2018|Fraud, Real Estate|

Advantages of an LLC for a Texas Business

If you’re setting up a small business or restructuring an existing entity, you might be considering forming an LLC. A Texas limited liability company (LLC) experiences a number of benefits. The main reason owners file is for the liability protection it affords, but an LLC also receives tax and other benefits. What Is an LLC? [...]

2018-06-18T12:27:45+00:00 March 16th, 2018|Business Formation, Business Law|
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