A limited partnership ("LP") in Texas is comprised of general partners and limited partners. Limited partners do not have personal responsibility for the business's debts and legal activities (unless they sign a personal guaranty). They also have less control than the...
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Partnership/Company Agreements And Disputes
Three effective ways to resolve a partnership dispute in Texas
Partnerships can be a great way for business owners to pool their resources and create a successful business. However, when disputes arise between partners, they can lead to business interruption and even legal action. While it is often best to avoid partnership...
A guide to mediation and arbitration in Texas
Not all business disputes are solved in Texas courts; there are various alternative methods that often produce better results and are more affordable and faster. The two most common alternative methods are mediation and arbitration. Understanding mediation Mediation...
Understanding how to resolve partnership problems is essential
Operating a business as a partnership in Texas can be lucrative when operations are going well. However, like most relationships, there can be disagreements that spark internal problems. Handling these differences is essential when partners are involved in running the...
Ways to remove a co-owner from a business venture
Starting a business in Texas is a big risk, and it’s hard to go it alone. That’s why so many companies are started by co-founders. Often, one party has the idea, and the other has the capital, and giving away equity in exchange for funding is a very viable way to get...
