There are dozens of websites that offer legal document templates – including business partnership agreements – for low or no cost. The cost of a lawyer may tempt business owners to use these templates rather than hire legal counsel, especially when it comes to forming a simple business entity like a partnership. Unfortunately, however, using a legal DIY template...
Continue ReadingContracts exist to help businesses and individuals set expectations for their professional relationships. Texas employment contracts are no different and are an important part of any small business. When drafting an employment contract, Texas businesses must be careful. Not everything that a business owner may want to include is enforceable. Therefore, having a basic understanding of Texas employment contract...
Continue ReadingThe novel coronavirus pandemic is making life difficult for small business owners. Many of our clients are struggling to manage newly-remote employees who have been forced to work from home due to shelter-in-place orders, applying for emergency financing, weighing employee layoffs, and fighting to keep their doors open. For many businesses, monthly rent is the largest line item in...
Continue ReadingForming a business entity provides business owners with many advantages: liability protection, tax flexibility, access to capital, and more. But there is at least one downside: occasional junk mail. If you’ve recently incorporated, an “Important Notice” may arrive in an official-looking envelope informing you that you must post various labor notices in your workplace or face fines. Conveniently, they include...
Continue ReadingContracts are a part of everyday life. Buying a phone, joining a gym, opening a bank account — all typically require you to sign a contract. For most people, signing agreements or clicking to “accept our terms and conditions” is simply routine. At times, this carelessness can come back to haunt us. It costs how much to cancel my...
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