Business Law

Understanding Anticipatory Contract Breaches

Know Your Rights: Understanding Anticipatory Contract Breaches When one party to a contract fails to live up to its end of the bargain, this is called a breach. There are different types of contract breaches recognized in Texas law. One of the more common is an anticipatory breach. Below, our Dallas business law attorneys explain [...]

SEC’s New Definition of Smaller Reporting Companies

In June of 2018, the Securities and Exchange Commission (SEC) adopted amendments that would raise the dollar threshold of smaller reporting companies (SRCs). In effect, this change expands the number of businesses that are eligible to comply with the SEC’s scaled disclosure requirements. The new SEC smaller reporting company guidelines officially became effective on September [...]

2018-11-29T13:27:52+00:00November 15th, 2018|Business Law|

Changing State of Incorporation

When companies do business in Texas, they are required to register with the state government. This means filling out the correct paperwork, paying business taxes, etc. Of course, companies do not have to be incorporated in Texas to do business here. Not all businesses choose to incorporate in the home/original state. In fact, more than [...]

2018-11-29T13:17:49+00:00November 9th, 2018|Business Formation, Business Law|

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|
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