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...
Month: August 2020
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...
Things to think about when launching a startup
Launching a startup business could open the door to financial freedom for a successful and motivated entrepreneur. The business landscape in Texas is welcoming to startups. Still, there are things would-be business owners need to be aware of, including legal issues....