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...
Partnership Agreements And Disputes
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...
Important language to include in a partnership agreement
When starting a partnership in Texas or any other state, it is generally a good idea to craft a written partnership agreement. This can make it easier to resolve disputes or develop protocols that will be followed if you or your business partner choose to leave the...
Common examples of partnership disputes
Partnership disputes happen more often than you might think in small companies. Even though you are not a large corporation, it doesn't make you immune to disputes. These often arise for various reasons and can turn into costly legal battles, especially if you aren't...
The pros and cons of non-compete agreements
When considering new opportunities in Texas, pay close attention to non-compete agreements. Non-compete agreements have traditionally been enforceable in Texas that fairly restrict the ability to work in a specific industry, in a specific location, for a specific...
What is a limited liability partnership?
When you start a business in Texas, you have many options as to its structure. Even once you decide on a partnership between you and one or more other individuals, you still have a variety of options available. The most common options are a general partnership and a...
How should I select a business partner?
If you are like many entrepreneurs in Texas, you might consider partnering with another person to help get a new venture off the ground. The reasons people enter into partnerships vary and may include increased access to capital, specific industry or market expertise,...
Family business succession and protection
Many businesses in Texas are started by relatives or married couples. Other businesses may be started by an individual but with the hope that one day the business will be passed on to the founder's children. These situations all require some smart, proactive and...
Understanding breach of contract damages
At the law firm of , in Texas, we help many business owners negotiate and draft their numerous contracts. Since contracts represent such a large part of any business, having a good written contract with each of your partners, suppliers,...
