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Dallas Business Law Topics
Predatory lenders are not worth the risk
Owning a small business could lead to financial independence if the enterprise proves successful. Unfortunately, many small businesses in Texas may find themselves suffering from decreased revenues. As a result, these small businesses could become targets of predatory...
Four steps to starting a business
Entrepreneurs in Dallas may be interested in learning the basics of starting a business. If you follow certain established steps, the process will be easier. Beginning a business involves planning as well as making important financial decisions. Research and plan...
What are the elements of a breach of contract?
Contracts can be implied or documented Many businesses in Texas operate on contracts. These can be both implied or documented, but most implied contracts are very general in nature. Contracts that are designed with specific wording spell out the responsibilities of...
How can you avoid or resolve disputes with business partners?
There may be many benefits to collaborating with other people when creating a business in Texas. However, regardless of how well you get along with a business partner, there is a chance that conflicts may arise. Fortunately, there are steps that you can take to either...
Two tips for determining the value of a business
What percentage should I give an investor who wants to fund my company? How is my business going to be divided in a divorce? How much will my bank lend me for my business? How much should I sell my business for? Whether you are looking for the answer to one of the...
How do you mitigate the risk of insolvency?
In the course of doing business, many businesses do business with another company that will suddenly announce it is filing for bankruptcy. This can happen if, for example, your business delivers raw materials to a customer ahead of payment. If that business then...
What is the difference between an LLC and an LLP?
If you are setting up a business in Texas, you will need to choose a business structure for your company. Most notably, the business structure you choose will have implications for individual liability and taxation. Here are some key differences between the limited...
How do you identify a fiduciary breach?
A fiduciary is a party who acts on behalf of another person -- often called the principal -- usually in business decisions. The fiduciary owes a duty to the principal to keep issues from arising between them. Fiduciaries willingly and knowingly accept that the...
What should a partnership agreement contain?
Businesses don't have to be run by a single person, and partnerships are commonplace in Texas. But it's important to minimize potential disputes in such partnerships by creating clear contractual documents rather than relying on "handshake deals." Here are some...
What to understand about breach of contract
If a person fails to live up to a contractual obligation, he or she may be in breach of contract. The circumstances surrounding the breach may determine what type of relief a person or entity might be entitled to. Let’s take a look at the different types of breaches...
