| Read Time: 5 minutes | Business Law

What Does a Texas Business Litigation Lawyer Do?

Litigation is the act, process, or practice of settling a dispute in a court of law. Business litigation resolves legal disputes between companies and other parties, such as employees, partners, or outside vendors. Disputes and disagreements are a normal part of business but should be taken seriously as they can negatively affect a company and its bottom line. In...

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| Read Time: 4 minutes | Business Law

Texas Contract Review Checklist: 6 Things to Look for During a Business Contract Review

Depending on the context, signing a contract may seem like a huge milestone or a simple formality. Yet, every contract represents your agreement to do or not do something, a promise binding yourself to when you sign. It pays to ensure you understand the entire contract, what the contract says, and what you want it to say. Completing a...

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| Read Time: 4 minutes | Business Law

Steps to Take After Being Sued in Texas

Being sued is a confusing, stressful, and overwhelming experience. The legal complexities and unfamiliar terminology can leave you feeling dazed. You likely have many questions, like how to respond to a lawsuit, what happens if you ignore a lawsuit, what will happen next, and how a lawsuit will affect your life. But don’t panic. You can take some steps...

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| Read Time: 4 minutes | Business Law

Transforming Texas Real Estate: Innovative Broker Compensation via Business Entities

Texas’s real estate landscape is undergoing a dynamic shift, offering exciting possibilities for a Texas real estate broker seeking innovative ways to structure their compensation. As of January 2024, the Texas Real Estate Commission (TREC) introduced the option for business entity registration, allowing licensed brokers to receive compensation through registered entities like LLCs and S Corporations. Below, we explore the key...

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| Read Time: 4 minutes | Business Law

Understanding Texas Business Contracts: Comprehensive Guide to Key Definitions and Insights

The definition of a business contract is a legally binding agreement between two or more parties that governs transactions made in a commercial environment. While there isn’t a strict differentiation between “business contracts” and “regular contracts,” the distinction often lies in the purpose, parties involved, and the agreement’s specific terms or considerations. Because business contracts are often subject to...

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| Read Time: 4 minutes | Business Law

A Guide to Texas Non-Disclosure Agreements

Non-disclosure agreements (NDAs) have earned a controversial reputation in recent years, but they are a valuable tool to protect confidential business information. At its core, an NDA is a contract requiring a person not to disclose confidential information. NDAs allow businesses to hire talented employees and build interest in their operations without risking financial harm.  If you need help...

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| Read Time: 3 minutes | Business Law

Understanding Non-Compete Agreements in Texas

When you start a new job or leave an old one, you may be presented with a non-compete agreement. What are non-compete agreements? Non-compete agreements are contracts between employers and employees that restrict an employee’s ability to work for a competitor or start a competing business for a certain period of time after leaving their current job. In Texas,...

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| 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: 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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