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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]