| Read Time: 4 minutes | Business Law

Buy-Sell Agreements in Texas—An Overview

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...

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| Read Time: 4 minutes | Business Law

Piercing the Corporate Veil: What to Know

Most small business owners make the mistake of assuming that once they have set up a corporation or limited liability company, they and their personal assets are protected from liability. As a result, they do not take any further action to sustain limited liability protection. Or worse, they take actions that weaken limited liability protection. In this guide, we...

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| Read Time: 4 minutes | Business Law

Why Buyout Provisions Are Essential to Your Texas Partnership Agreement

People enter into small business partnerships based on a common interest and a common vision. The hope for the future of your business tends to drive all decisions. But these halcyon days almost always pass and difficulties and disagreements arise. Therefore, the smartest foundational business decision you can make is to hope for the best and prepare for the...

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| Read Time: 4 minutes | Business Law

What Are Your Rights When Your Business Partner Is Trying to Sabotage Your Business?

When 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...

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| Read Time: 4 minutes | Business Law

Why You Should Have an LLC Operating Agreement in Texas

The creation of the limited liability company (LLC) as a business entity was transformative for small businesses. It took the best of the C corporation and partnership models and also perfected the intentions behind the S corporation. However, an LLC without an operating agreement is but a shell. To truly realize the potential that an LLC business model provides,...

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| Read Time: 5 minutes | Business Law

Breach of Contract in Texas: What to Know and Steps to Consider

Contracts form the foundation of all economic transactions, whether international commercial deals or weekly mowing of the front lawn. However, things don’t always go as planned. Therefore, when you rely on the other party to perform and they fail to do so, there could be a breach of contract and a claim for damages. In that event, what do...

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| Read Time: < 1 minute | Business Law

ACL Fest May be at Risk of Violating New Law Aimed to Prevent “Vaccine Passports”

The Austin City Limits Festival announced a requirement that attendees have a negative COVID-19 test or proof of vaccination to attend this year’s event. The requirement stems from similar requirements to attend other popular music festivals, including Chicago’s Lollapalooza. The Chicago Public Health Commissioner shared that two weeks after the festival, only 200 COVID-19 cases had been traced back...

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| Read Time: 4 minutes | Business Law

Understanding Business Defamation in Texas

A 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...

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| Read Time: 5 minutes | Business Law

How to Form a Corporation in Texas: A Quick Guide

When you start your own business, you’re probably worried about simple things, like how to attract customers and turn a profit.  As your business grows and develops, you might find yourself thinking about incorporating your business.  Before you incorporate your business, however, you need to be well-informed about the details of the process.  On top of that, you need...

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| Read Time: 6 minutes | Business Law

Questions to Ask a Lawyer When Starting a Business

Thinking about starting a business can be exciting. But there is no doubt that getting a business up and running also requires a lot of hard work. And while you may be tempted to do it all on your own, it never hurts to ask for help from a professional—in fact, doing so can ease much of the stress...

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