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In starting any corporation, you must draft a formal set of rules and regulations that govern the company's day-to-day operations. Bylaws ensure the corporation adheres to a certain standard and that everyone knows their role in the company. A shareholders’ agreement...
Being the sole owner of a company can be incredibly challenging, and it will likely become more complex as your business grows. One way to address a growing company's demands is to bring in a partner as a co-owner. Such a strategy can affect your business in several...
Mediation provides an opportunity to settle business disputes without hiring a lawyer. During this process, the parties involved discuss the dispute and, with the help of a neutral mediator, work together to come up with a satisfactory solution. There are situations,...
Many Texas companies choose partnerships for business formations. While partnerships offer many unique advantages, you must write your agreements correctly. Identify the business Partnership agreements must provide basic generalities about your business. Examples may...
There are many ways in which you can organize your Texas company. Unless you elect to choose a different entity, your business will function as a sole proprietorship. While this may be the most convenient way to run an organization, it is not always the best way to do...
Few businesses go through operations without entering into disputes from time to time. While large corporations have the resources available to battle it out in court, smaller companies in Texas often do not. How can you resolve disputes without breaking the bank?...
If you are setting up your business in Texas, it might be a good idea to consider establishing a partnership. A partnership is one of the most common business entities. In a partnership, two or more people share ownership of a single business. It’s a great way to grow...
If you have obtained a monetary judgment order against a debtor in a Texas court, you may wonder how to collect that judgment. Collecting a monetary judgment in Texas can be complex and may require the assistance of an attorney experienced in creditors’ rights. Steps...
If you are launching a business in Texas, you may be required to register your business name with the appropriate government agencies. By registering your business name, you will be able to protect your brand and prevent others from using similar names without...
A joint venture and a partnership are each made when two or more parties want to join the same team. Their purposes vary from businesses wanting to attract more customers to wanting to increase profits. In addition to obvious similarities, there are numerous...
