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A bankruptcy notice signifies that a debtor is now under legal protection. The automatic stay (essentially, an injunction) goes into effect, halting creditors from pursuing any collection efforts for outstanding debts, including phone calls, lawsuits or mail....
Mergers and acquisitions can be game-changing for businesses, introducing new expertise and resources. Unfortunately, this process does not always go according to plan because of the risks that come with the process. If the parties involved do not manage these factors...
Partnerships, small-business owners and corporations all have their own obligations and rights under Texas business laws, meaning they can all be held responsible under certain circumstances. Businesses have a lot at stake. Therefore, you should take steps to protect...
A partnership is a business entity where two or more people combine to form a business with the goal of making a profit. To protect their interests in their business, they should sign a written partnership agreement. You fulfill your obligations run your business in...
Starting your business is an exciting time. You might be eager to get your company up and running, but there is a lot to do before you open your doors to the public and your clientele. While you will need to secure space, talent, and supply chains, your venture should...
Many people dream of running their own small business, but starting a small business in Texas requires careful planning and organization. This is why having a good business plan is so important. A business plan is a written document that outlines how you are going to...
The process of forming a nonprofit organization in Texas is similar to forming any other business entity. However, there are many types of nonprofit organizations, and if you plan to accept donations, there will be a few additional requirements for you to gain...
Texas is a hotbed of startup action. As an entrepreneur, you could launch a business in fields as diverse as tech, health care or energy. You know your game plan inside and out; part of this plan is deciding who you need on your team. Should you hire a regular...
Lawsuits may seem exclusive to major corporations, but the reality is that small businesses are not immune to litigation. No matter what type of company you have, the financial consequences of business litigation can be devastating. If your business faces potential...
Starting a business can be a massive undertaking, making it reasonable to ask for help from others, such as family or friends. Having a co-founder could make the responsibilities of establishing a business seem more doable. However, some business experts might advise...
