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Business dealings might involve signing a contract that locks the various parties into an agreement. An employee may sign a deal for a specific salary, or the business could sign an agreement with a product supplier. All parties must follow the terms of their contract...
Not understanding the different facets of business law means an increase in the risks of litigation. There are different rules and regulations that a business must follow to remain in legal operation. Otherwise, owners in Texas may face multiple legal problems that...
Residents of Texas and elsewhere have certain rights regarding their debt. While bankruptcy might be the best option to alleviate debt, there is an alternative that can be used first. A preferential transfer may be able to help debtors. What is a preferential...
Everything is big in Texas, as the saying goes, but that doesn't mean the Longhorn State doesn't support small businesses. There are plenty of small LLCs and partnerships in Texas, and these relationships can come to an end. Timing and other factors determine the...
Legal disputes over allegedly substandard goods or services when small sums are involved are often resolved quickly in small claims courts, but breach of contract lawsuits can drag on for years in Texas and around the country when large sums are involved. In order to...
If your business partner doesn't uphold their end of your agreement, it's possible to sue them. However, you must check the law to know for certain, as there are numerous matters that impact this. In general, three reasons you could sue your business partner are...
If you are considering creating a startup and deciding whether to issue common stock, preferred stock, or both, then it is important that you understand the difference between the two, and why one may be better than the other. In Texas, there is a lot of commercial...
If you're in a business partnership in Texas that is coming to an end, and you or your partner wants to continue operating the business, it should be converted into a sole proprietorship. Ensuring this change in the entity is handled correctly is essential. Addressing...
Forming a new business in Texas can be an exciting time, but it requires you to fulfill several necessities. One of the matters you must address to operate legally is choosing a business structure. Deciding on the appropriate one is based on factors such as the...
A limited liability company, or LLC, has a wide range of functions and benefits to its owners, also known as members. Choosing the right type of business entity in Texas affects how your profits and losses are taxed and allocated. There are several factors to consider...
