Business Planning

Tips for Creating a Family Business Succession Plan

Business succession planning is the most logical, practical, and streamlined process for a small business owner to hand over the business to the next generation and exit the company. It can be just as important, if not more so, than estate planning because in many cases a business succession plan is initiated prior to the [...]

2019-04-10T15:45:49-05:00March 15th, 2019|Business Law, Business Planning|

Business Partnerships: Tips to Ensure Your Compatibility

Starting a new business partnership is both exciting and overwhelming. There are a lot of details–and hard work–that go into creating a successful business. And while working with one or more partners can ease the burden on you to some extent, you also need to make sure that you and your partners are compatible. With [...]

2019-01-30T15:48:52-05:00January 30th, 2019|Business Formation, Business Law, 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 [...]

2018-10-16T12:44:46-05:00September 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 [...]

2018-09-07T12:21:17-05:00August 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 [...]

2018-09-07T12:21:31-05:00July 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 [...]

2019-02-20T12:22:46-05:00July 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 [...]

2018-09-07T12:21:55-05:00July 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 [...]

2018-09-07T12:22:09-05:00June 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 [...]

2018-08-02T11:57:01-05:00June 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 [...]

2018-08-02T11:57:02-05:00February 20th, 2018|Business Formation, Business Law, Business Planning|
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