Nothing in this world lasts forever, which is undoubtedly true about business partnerships. Even in ideal partnerships, partners face health issues, family relocations, divorce, retirement, and, unfortunately, financial and personality conflict, potentially forcing partnership dissolution. However, when one partner decides to retain control of the business and continue without their partner, they may want to identify ways to buy...
Continue ReadingWhether you are a seasoned entrepreneur ready to expand your company or a prospective small business owner looking to buy a company instead of starting from scratch, you want to be prepared before investing a significant sum in a dream built by someone else. After all, you are about to invest a large sum of money in a company...
Continue ReadingAccording to the National Association of Realtors’ third quarter 2022 report, the Dallas-Fort Worth-Arlington, Texas Metro Area commercial real estate space is “stronger than nationwide” in the office, multifamily, industrial, and retail space. This region represents a prime opportunity for investors; however, the increase in commercial real estate activity can lead to a higher incidence of litigation. The Hunnicutt...
Continue ReadingBuying and selling commercial real estate is an excellent investment and something of particular interest now as we enter the post-pandemic world and return to the office. Before you sign on the dotted line, it is crucial to understand what needs to be in a purchase agreement for commercial real estate. If terms are left out or ambiguous, it...
Continue ReadingAs the internet gets bigger and faster each day, valuable intellectual property becomes increasingly accessible. This makes it easier to find information about virtually any topic easier but much harder to protect your intellectual property from theft. Whether you are a start-up business or an established company, understanding how to protect your intellectual property rights is crucial to your...
Continue ReadingWith your own business can come freedom, a better sense of control, financial opportunity, and a space for innovation. Unfortunately, running your own business can also open you up to lawsuits. What measures can a business take to avoid litigation? We’ll review some of them below. Among the many tips for how a business can avoid litigation, one of...
Continue ReadingTo run a business, you need to interact with others, including vendors, clients, employees, customers, business partners or affiliates, and governing authorities. The hope is that every business interaction runs smoothly and without dispute, but that is rarely reality. The high probability that you will encounter complaints from third parties and individuals within your business is why you need...
Continue ReadingLitigation is expensive. While it may not be readily apparent, litigation costs can add up very quickly. In some cases, attorney’s fees exceed the amount in dispute. One way parties may be able to bring the cost of litigation down is to avoid it through alternative dispute resolution (ADR). In Texas, arbitration is one of the most popular forms...
Continue ReadingThe 6 Steps to Forming a Corporation in Texas Include: As a Texas entrepreneur, starting a business is equal parts exciting and scary. Legal formalities like how to start a corporation in Texas can seem especially daunting when you are worried about how to make payroll. However, setting your business up with a firm legal foundation can help your...
Continue ReadingIf you have a great business idea and know the business structure you will use to make your new venture a reality, you are on a great track. If you have decided to run a limited liability company (LLC), you might be asking, Do I need a lawyer to start an LLC? The State of Texas does not require...
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