Business Planning

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|

Are You Making These Four Business Acquisition Mistakes?

No one ever purchases a new business thinking it’s a bad deal. Entrepreneurs invest because they believe their investments will lead to profits, but that’s not always what happens. Sometimes investors never recover from mistakes made during the due diligence and closing process. A business acquisition attorney can help you avoid these common mistakes. Overestimating [...]

2018-08-02T11:57:02+00:00February 20th, 2018|Business Formation, Business Law, Business Planning|

Legal Considerations for Startups

With our recent economic expansion and favorable regulatory and tax environments, Texas has become an excellent starting place for new businesses. Startups have an excellent opportunity for growth in the state, but there are still plenty of legal issues to consider. Here, we’ll go over a few of the key legal considerations startups should take [...]

Commercial Lease Negotiation Pitfalls

Signing a business contract, such as a commercial lease, can be stressful. You are committing to a payment schedule over a long period of time. Selecting office space for your business is one of the most important contracts you’ll sign.  Here are some commercial lease negotiation pitfalls and red flags to look out for and [...]

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