Considering their size, small businesses often find it challenging to compete with larger companies in Texas. Something that makes this struggle even harder for small businesses involves chargebacks. A chargeback takes place when one party disputes a transaction and...
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Knowing the different benefits of an LLC and an LP
If you're setting up a new venture in Texas, using the proper business structure is essential to ensure that your needs and goals are met. A limited liability company, or LLC, and a limited partnership, or LP, are two popular business structures that you may want to...
What should employers should know about noncompete agreements?
Many employers in Texas and beyond might ask their potential employees to sign a noncompete agreement. A noncompete agreement might request that employees don't take jobs with competitors in the future, and have other similar requirements. The agreement usually...
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...
Red flags when choosing your business partner
You want to start a business, but you don't want to do it alone. You know you could benefit from a business partner. You're looking for someone who has skills and talents that you lack.Who you choose is incredibly important to the health and success of your business...
Should you form your company as an LLC?
When it comes time to create an official entity for your business, you may quickly realize that the number of business structures you may choose from can seem overwhelming. Many new business founders push forward into the market too quickly without properly...
4 lawsuits that may catch your small business off guard
Growing a small business is often an effective way to realize financial freedom. Further, if you have a brilliant idea, in-demand product or necessary service, your small business probably plays and important role in the community. Still, a lawsuit may bring your...
Benefits of writing up a partnership agreement
Forming a business as a partnership is exciting. But even if you run the business with a best friend, close family member or trustworthy colleague, you never know when things can go sour. A partnership dispute can cause your business to falter, especially if you...
How anticipatory repudiation may affect your small business
As a small business owner, you likely deal with contracts all the time. That is, you may regularly execute leases, purchase agreements or fulfillment contracts. When you enter into a contract in good faith, you expect all parties to honor its terms. If someone does...
Can a tenant break a lease?
A commercial shopping center has the potential to produce a high return on investment with a blend between stable anchor tenants and lucrative outparcel or subdivided tenants for a landlord. A key factor to being able to attract and retain quality tenants is the type...