Business Law Archives - Page 7 of 10

Feb 9, 2024 | By Massingill Staff | 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...

Feb 6, 2024 | By Massingill Staff | 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...

Dec 8, 2023 | By Massingill Staff | 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,...

Dec 6, 2023 | By Massingill Staff | 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...

Nov 29, 2023 | By Massingill Staff | 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...

Aug 16, 2023 | By Massingill Staff | 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...

Jul 25, 2023 | By Massingill Staff | 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...

Jun 16, 2023 | By Massingill Staff | 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...

Jun 9, 2023 | By Massingill Staff | Read Time: 4 minutes | Business Law

What Is the Process of a Business Litigation Lawsuit in Texas?

Business litigation can be a costly and time-consuming process for any company. The controversies at issue can represent an existential threat to the business engaged in the litigation. Further, Texas business litigation law calls for specific processes that must be followed. These processes are rarely quick. Fortunately, many companies can avoid litigation through proper planning and effective governance. However,...

May 4, 2023 | By Massingill Staff | Read Time: 3 minutes | Business Law

Overview of Buying an Existing Business in Texas

Building a Texas business from the ground up can be exciting, but it comes with a good deal of risk. Instead, many entrepreneurs choose to buy existing businesses. Purchasing an existing business can have its advantages, but when buying an existing business, it is important to have knowledgeable legal counsel help you complete your due diligence before you close...