Mergers and acquisitions can be excellent ways for businesses to expand their markets. They are also great options for business owners who wish to move on to reap the rewards of all their hard work. Mergers and acquisitions are for more than just mega-corporations. Small and medium-sized businesses can benefit from combining as well. The benefits of a merger...
Continue ReadingAttracting stakeholders can be a great way to quickly and effectively grow a business and meet an uncaptured demand. But having multiple shareholders involved also causes numerous complications. Chief among them is when shareholder disputes arise. With multiple people relying on the successful operations of the business, clashes of personality and differing views about how the company should move...
Continue ReadingCorporate reorganization allows businesses to change hands, branch out, or do what’s needed to keep the company going. It’s especially helpful if the company is having financial difficulties. In this article, the business lawyers at Massingill goes over different types of corporate reorganization. The article also explores what goes into an excellent corporate reorganization plan and the accompanying tax...
Continue ReadingContracts are the bedrock of business. It’s how people create businesses, build company relationships, grow their brands, and keep things running smoothly. But what makes a contract enforceable? This article explores the elements of an enforceable contract. The team at Massingill provides efficient and effective business solutions. If you have questions, please contact us today. What Are the Elements...
Continue ReadingIf your business has a brand—a website, merchandise, an identity—you may have valuable intellectual property and not even know it. In fact, your brand can be just as relevant to your bottom line as your revenue numbers if you nurture it correctly. And if you don’t? Well, you can only imagine what happens if someone else starts using your...
Continue ReadingIf you’ve started the process of registering a trademark, you may have come across the term “Statement of Use.” But what exactly is a Statement of Use in the context of a trademark application? And how do you know whether you’ll need one for your business? At Massingill, we can help you answer these questions and more. When you...
Continue ReadingCopyright is an important type of intellectual property (IP). Specifically, copyrights protect original works of authorship as soon as the creator fixes the work in a tangible form of expression. Common examples of copyrightable works include: No matter what type of work you want to protect, registering your copyright is an important step to take to better protect your...
Continue ReadingA DBA is an assumed business name; an LLC is a separate legal entity. A DBA alone does not create liability protection. A Texas LLC can also use a DBA when it operates under a name different from its legal name, so you may need both rather than choosing one or the other. A new business owner might hear...
Continue ReadingWhen most people start a business, they don’t think about falling out with their business partners. On the contrary, this is a time of optimism and hope. But unfortunately, sometimes, business relationships do become strained. Below, we will discuss what happens when business partners decide to part ways and what you can do to protect yourself and your business....
Continue ReadingMost 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, increasing the risk that...
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