When you go into business with a partner, you expect shared vision, equal effort, and mutual trust. But even the strongest partnerships can falter. A disagreement over finances, growth, or daily management can escalate into a full-blown, business-threatening conflict. If you’re wondering how to handle disputes in a 50/50 partnership, you’re not alone. Equal ownership can make decision-making difficult...
Continue ReadingContracts typically make transactions straightforward and predictable. However, some individuals complicate matters by breaking their promises. A party that breaches a contract could be liable for financial damages or other remedies. Below, we outline five breach of contract examples and what relief might be available for the wronged party. At Massingill, our highly experienced contract attorneys can guide and protect anyone through a...
Continue ReadingNon-disclosure agreements (NDAs) have earned a controversial reputation in recent years, but they are a valuable tool to protect confidential business information. At its core, an NDA is a contract requiring a person not to disclose confidential information. NDAs allow businesses to hire talented employees and build interest in their operations without risking financial harm. If you need help...
Continue ReadingMediation is an excellent way to resolve legal business disputes out of court. It is an alternative dispute resolution process in which a mediator acts as a neutral third-party facilitator. The mediator is an impartial party who helps both sides communicate to reach a mutually beneficial agreement. People often use mediation as a cost- and time-efficient dispute resolution model....
Continue ReadingStarting a business in Austin, Texas, is an exciting venture, but it can also feel overwhelming. You may have many questions, particularly: What is an operating agreement? And do I need an operating agreement? An operating agreement is a foundational document for your limited liability company (LLC), detailing how your business will function daily. It’s meant to establish the...
Continue ReadingIn the Lone Star State, contracts form the backbone of nearly every business relationship. When one party fails to uphold their end of the deal, the fallout can disrupt operations and profits. If you’re searching for contract disputes examples, you’re likely facing a disagreement over a deal that once seemed clear. Most contract issues follow familiar patterns, so understanding...
Continue ReadingEDITOR’S NOTE: THIS IS A GUEST POST BY JOHN FINCHER, A CERTIFIED BUSINESS INTERMEDIARY IN AUSTIN, TEXAS. JOHN IS NOT AN ATTORNEY, BUT WE ASKED HIM TO SHARE SOME THOUGHTS WITH OUR READERS WHO MAY BE CONTEMPLATING SELLING A BUSINESS. CLICK HERE TO LEARN MORE ABOUT JOHN. Key Takeaways Selling a business is complex and time-intensive: The process often takes nine...
Continue ReadingTexans have a reputation for being independent, and starting a business is one of the boldest ways to live that out. But independence doesn’t mean going unprotected. If you’ve been wondering how to start an LLC in Texas, you’re likely looking to shield your personal assets while keeping your business flexible. Starting a successful business can seem complicated. But...
Continue ReadingYou and your business partners put together an idea to make money, and you worked to make that idea come true. To achieve success, you had to pay attention to the details. However, remarkably few small business owners account for the future of the business’s ownership and continuity. A good buy-sell agreement does just that. In this guide, we...
Continue ReadingA business’s reputation can lead to either great success or complete failure. Now, when a disparaging comment can be made instantly online and dispersed to thousands, your business may suffer significant harm with the click of a button. When someone makes a false claim about your business, you want to do as much as you can to protect your...
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