| Read Time: 5 minutes | Business Law

How to Dissolve an LLC in Texas

A 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...

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| Read Time: 3 minutes | Business Law

How to Check Business Name Availability in Texas

One of the first steps in opening a new business is giving it a name. You will want to choose a catchy, recognizable name that distinguishes your company from the competition. In Texas, the name must also be unique. Fortunately, it is easy to quickly check if your new business’s name is available in Texas. If you have questions,...

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| Read Time: 4 minutes | Business Law

Demystifying the Corporate Transparency Act in Texas

The Corporate Transparency Act (CTA) takes effect on January 1, 2024. Within a year from that date, existing businesses will have to file either That’s a lot of acronyms. More simply, the CTA aims to combat illegal activities like money laundering by augmenting business transparency. Specifically, the CTA requires businesses to identify their true owners.  The attorneys at Massingill know how...

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| Read Time: 4 minutes | Business Law

What Does the Corporate Transparency Act Mean for Small Business Owners in Texas?

In 2021, the federal government passed the Corporate Transparency Act (CTA), scheduled to take effect on January 1, 2024. The CTA requires many small businesses to file Beneficial Ownership Information (BOI). Although filing BOI does not involve extensive information, determining who and what to file is complicated. If you are a small business owner in Texas, contact Massingill to learn more about the...

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| Read Time: 4 minutes | Business Law

Are Verbal Contracts Enforceable in Texas?

In a litigious world, best practice is to secure a written contract for agreements whenever possible. This avoids relying on “he said, she said” testimony. But sometimes this is not possible. Are verbal contracts binding? Verbal contracts are legally binding and enforceable if they meet certain requirements. If the verbal contract is otherwise valid, it is enforceable. The contract...

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| Read Time: 4 minutes | Business Law

What Are the Four Elements of a Breach of Contract Claim in Texas?

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...

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| Read Time: 4 minutes | Business Law

What You Should Know About Selling a Business in Texas

Selling a business can be an exciting yet bittersweet experience. After years of hard work and dedication, selling represents an opportunity to cash in and move on. It can also symbolize stepping away from something you love and starting a new chapter in your life. Beyond the emotional aspects, selling a business is also a demanding task in and...

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| Read Time: 4 minutes | Business Law

What Is Business Disparagement in Texas?

As 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...

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| Read Time: 3 minutes | Business Law

What Is the Difference Between Arbitration and Litigation?

Facing a legal dispute is a significant hurdle for businesses of any size to overcome. Resolving the issue costs time and money that most companies would rather spend elsewhere. The dispute can distract employees and detract from a business’s core mission. To make matters worse, there is often a risk that the dispute will not be resolved in the...

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