Texans 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...
Continue ReadingBusiness litigation lawyers are critical partners for business owners, from the smallest mom-and-pop corner shop or start-up to major publicly owned corporations, particularly in bustling business hubs like Austin. Business law attorneys are experts in resolving disputes arising in the business world, ensuring organizations can navigate complex legal issues and protect their interests through negotiation, settlements, litigation, and more....
Continue ReadingWhat is an LP in business? In brief, a limited partnership (LP) is a business structure involving partners with differing responsibility and liability levels for the partnership’s activities. General partners control day-to-day operations and manage the business. Limited partners contribute capital while limiting their personal liability. LPs are common in real estate, private equity, and oil and gas industries...
Continue ReadingThere’s big news if you’ve been preparing to file a Beneficial Ownership Information Report (BOI report or BOIR) for your Texas business. You may not have to anymore. As of March 2025, the rules around who needs to file a BOI report have changed. For most U.S.-based businesses, the requirement no longer applies. This article explains what changed, what...
Continue ReadingIf you run a business in Texas, you may have received a request for a certificate of good standing from a bank, a government agency, or even a potential business partner. You might be wondering: What is it? Do I need one? The short answer is that a certificate of good standing (or a Certificate of Fact – Status...
Continue ReadingWhen we think of workplace sabotage, a disgruntled employee sabotaging the company usually comes to mind. But sabotage can also happen at the partner level. It is distressing, to say the least when your once-trusted partner is sabotaging the business you built together. At one point you both were of common mind with a common vision looking to build...
Continue ReadingWhen you enter into an agreement with another person or entity, you assume the other party will hold up their end of the bargain. Unfortunately, this isn’t always the case. Under Texas contract law, a non-breaching party has the right to bring legal action against the breaching party to recover damages if they choose to do so, but what should you...
Continue ReadingBusinesses change over time. It is very rare for the ownership of a company to remain the same over a long period of time, especially when there are multiple owners. Still, many business owners are unsure of how to change the ownership percentage of an LLC in Texas. In this article, we will discuss the two main ways to...
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