Forming a partnership in Texas is a good way to take advantage of pooled strengths among professionals who have a common business interest. It is important to develop a thorough agreement between you and your partners that defines the terms and goals of your...
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Formulate a Management Agreement to Avoid Disputes
Anyone entering into a business relationship in Texas should know that it is a lot like a marriage in many ways. Unless your business is a single-member entity (i.e., there is only ONE person involved), you will find it necessary to work closely with other...
What rights do you have as a business partner in Texas?
Before entering into a partnership, you should know what your rights are, in order to prevent legal and financial issues. Ideally, you should have a written contract that sets forth how the partners will resolve conflicts and disagreements, and how a partner withdraws...
How can partnership disputes be avoided?
Running a Texas business with a partner may increase the chances that your company will be successful. However, as with any relationship, there is a chance that you and your partner will disagree from time to time. Fortunately, it may be possible to prevent a...
Three positive attributes of a business partner
A business partner may be able to help your company grow into a thriving and sustainable entity. Ideally, this person will be someone who shares your business philosophy, and will also be someone with whom you get along on a personal level. Even with the right...
How are internal company business disputes settled?
All businesses can have internal problems when partners disagree on the right direction for the company. Businesses are interested in growth, but how to get there is often debatable. This can be especially true with businesses when there are multiple business partners...
The advantages of a written partnership agreement
If you form a business with another person, you should create a written partnership agreement. This is generally a good idea whether the company is based in Texas or any other state. The agreement should state how profits are shared and the roles that each person will...
Four tips for resolving business partnership disputes
Business partners working together in Texas might experience the occasional dispute. A partnership dispute could threaten to divide the business and call the entire relationship into question. However, there are steps that business partners can take to prevent or...
Tips for choosing a business partner
The right business partner could help your Texas company grow and thrive for many years or decades to come. However, choosing the wrong person may doom your business to failure regardless of how good its products or services are. Let's look at two of the...
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...
