bennettwest

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So far bennettwest has created 73 blog entries.

What is a Fractional Real Estate Investment?

What is a Fractional Real Estate Investment? Fractional ownership is a method by which investors are able to join together to purchase shares in a real estate property. This type of investment/ownership structure is especially common for expensive real estate assets, including hotels and resorts, stadiums, apartment buildings, residential developments, vacation homes, and other commercial [...]

2018-10-16T12:41:32+00:00September 30th, 2018|Real Estate|

Understanding Successor Liability in Texas

Understanding Successor Liability in Texas As a general matter, companies that acquire the assets of another company are not liable for the seller company’s debts. However, there are many different exceptions to this rule. Through a legal doctrine known as successor liability, there are certain circumstances in which creditors are able to seek recovery against [...]

2018-10-16T12:44:46+00:00September 15th, 2018|Business Law, Business Planning|

Indemnity Clauses Are Contract Essentials

Back to the Basics: How Important is the Indemnification Clause in Your Business Contracts? Indemnity clauses play an integral role in mitigating risks related to commercial transactions by insuring the business against direct acts, contractual flaws, or another party’s willful negligence. Accompanied by some means to calculate financial award upon breach of contract, these clauses [...]

2018-09-07T12:21:17+00:00August 20th, 2018|Business Formation, Business Law, Business Planning|

Tips for Selling Your Business

The decision to sell a business usually comes after a long period of deliberation. Sometimes, it’s a case of owner-burnout, where running the enterprise no longer brings satisfaction. In other cases, it may not be feasible to continue operating – even if the company is still functioning. Regardless of the reasons why, choosing to sell [...]

2018-09-07T12:21:31+00:00July 30th, 2018|Business Formation, Business Law, Business Planning|

How Inheritance Law Works

A death of a loved one is normally a time for mourning – as a family comes to grips with a loss. Sometimes, however, circumstances arise that disrupt the normal process, especially where inheritance is concerned. Normally, when someone dies without a will, heirship is determined by so-called intestate succession. In Texas, this means that [...]

2018-09-07T12:21:44+00:00July 25th, 2018|Business Formation, Business Law, Business Planning|

Construction Defect Claims

Construction projects require massive logistical management in order to build a successful commercial building. Between engineers, laborers, parts, and equipment, there are an overwhelming number of moving parts on any construction site. Unfortunately, with all these independent pieces in motion, mistakes, oversights and accidents can and do happen.  These unhappy occurrences open the door for [...]

2018-09-07T12:21:55+00:00July 19th, 2018|Business Formation, Business Law, Business Planning|

Common Mistakes to Avoid Negotiating Mineral Leases

With hundreds of oil and gas wells dotting the landscape, mineral leases are commonplace in the state of Texas. A mineral lease is a legally binding document that sets the terms of an arrangement between the mineral owner and an individual/business (the leaseholder), granting the latter the right to extract minerals. (The mineral owner may [...]

2018-09-07T12:22:09+00:00June 26th, 2018|Business Formation, Business Law, Business Planning|

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 [...]

2018-08-02T11:57:01+00:00June 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 [...]

2018-08-02T11:57:01+00:00May 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 [...]

2018-08-02T11:57:01+00:00May 9th, 2018|Business Law|
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