bennettwest

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So far bennettwest has created 70 blog entries.

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 [...]

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

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

2018-08-03T10:42:49+00:00 July 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 [...]

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

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

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

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

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

2018-08-02T11:57:02+00:00 April 13th, 2018|Business Law, Employment Law|
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