You 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 ReadingLP stands for limited partnership: a business structure with at least one general partner and at least one limited partner. In Texas, an LP files a certificate of formation with the Secretary of State and operates under a partnership agreement. General partners control day-to-day operations and manage the business. Limited partners contribute capital while limiting their personal liability. LPs...
Continue ReadingUpdated September 29, 2026 If a bank, lender, or business partner asks for a Texas certificate of good standing, first confirm which document it needs. An SOS Certificate of Fact–Status provides official evidence of an entity’s existence or authority to transact business in Texas. A Comptroller certificate of account status concerns franchise tax matters. They are different documents, even...
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 ReadingTo transfer LLC ownership in Texas, first review the company agreement, identify what interest is changing hands, obtain the required approvals, and document the transaction. Then update the company’s records and address any separate management, tax, or agency reporting requirements. Adding an owner through a new issuance is different from transferring an existing owner’s interest. A sale of the...
Continue ReadingStarting a business in Texas can feel like learning a new language with all the acronyms and terms involved, like LLCs, EINs, and DBAs. Then someone asks, “Who’s your registered agent?” If you’re scratching your head, you’re not alone. Many business owners wonder, What is a registered agent for LLC paperwork, and why does it matter? In reality, this...
Continue ReadingA Texas EIN is a federal tax ID issued by the IRS, and applying directly with the IRS is free. Whether you need one depends on your business structure, employees, and tax obligations. Corporations, partnerships, and businesses with employees generally need an EIN. Some sole proprietors and single-member LLCs do not; the exceptions are explained below. To apply: form...
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