When someone fails to comply with the terms of a contract, you may have grounds to file a breach of contract claim. These types of lawsuits are common in business litigation. There are four elements of a breach of contract claim: a valid contract, performance, breach, and damages. In this blog, we define each element of breach of contract...
Continue ReadingAs a Texas business owner in Texas, there is a chance someone may have disparaged your business on a popular website or social media, possibly giving rise to a business disparagement claim in Texas. If this hasn’t happened to you yet, it may very well be something you face in the future. But what exactly is business disparagement in...
Continue ReadingCorporate reorganization allows businesses to change hands, branch out, or do what’s needed to keep the company going. It’s especially helpful if the company is having financial difficulties. In this article, the business lawyers at Massingill goes over different types of corporate reorganization. The article also explores what goes into an excellent corporate reorganization plan and the accompanying tax...
Continue ReadingContracts are the bedrock of business. It’s how people create businesses, build company relationships, grow their brands, and keep things running smoothly. But what makes a contract enforceable? This article explores the elements of an enforceable contract. The team at Massingill provides efficient and effective business solutions. If you have questions, please contact us today. What Are the Elements...
Continue ReadingIf your business has a brand—a website, merchandise, an identity—you may have valuable intellectual property and not even know it. In fact, your brand can be just as relevant to your bottom line as your revenue numbers if you nurture it correctly. And if you don’t? Well, you can only imagine what happens if someone else starts using your...
Continue ReadingIf you’ve started the process of registering a trademark, you may have come across the term “Statement of Use.” But what exactly is a Statement of Use in the context of a trademark application? And how do you know whether you’ll need one for your business? At Massingill, we can help you answer these questions and more. When you...
Continue ReadingCopyright is an important type of intellectual property (IP). Specifically, copyrights protect original works of authorship as soon as the creator fixes the work in a tangible form of expression. Common examples of copyrightable works include: No matter what type of work you want to protect, registering your copyright is an important step to take to better protect your...
Continue ReadingA lot of acronyms can come out of the woodwork when an entrepreneur decides to start a new business. A new business owner might hear things about LLCs (limited liability companies), EINs (Employer Identification Numbers), and DBAs (“doing business as” names). But what’s the difference between an LLC and a DBA? The quick answer is that a DBA is...
Continue ReadingA good entrepreneur knows not only when to jump into a new business venture, but when to shut one down. A business owner might want to end things to pursue new opportunities or avoid legal and financial woes. Whatever the reason, owners of limited liability companies (LLCs) need to follow certain protocols before they can officially and properly dissolve...
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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