Disputes are an inevitable part of running a business, but proactive measures can significantly mitigate their impact and frequency. By implementing effective strategies early on, business owners can foster smoother operations, maintain positive relationships, and safeguard their bottom line. Here are essential tips and techniques for addressing and preventing disputes before they arise: 1. Clear and Comprehensive Contracts Start Strong:…
The recent decision by the Federal Reserve to cut interest rates has far-reaching implications for businesses across various sectors, including small and midsize enterprises. As a business law firm dedicated to supporting entrepreneurs, we delve into what this decision means from both legal and business perspectives. Legal Considerations of the Rate Cut Business Implications for Small Business Owners Strategic Considerations…
The United States District Court for the Northern District of Texas overturned the FTC’s rule banning most, if not all, post-employment non-compete agreements. The rule now applies nationwide, and is likely the FTC will appeal the decision. This article will dive into what this means for small business owners in Texas. What does this mean for employers? Noncompetes are important…
Last summer, Governor Greg Abbott signed HB 19 into law, marking a significant milestone in Texas legal history—the establishment of the Texas business court. Set to open its doors on September 1, 2024, this court has captured the attention of Texas trial lawyers and business owners alike. Now, with the Texas Supreme Court proposing its initial procedural rules, the vision…
As your child prepares to embark on their college journey, a sense of pride and excitement fills the air. However, amidst the whirlwind of new beginnings, it’s crucial to address an often-overlooked aspect: the legal rights and protections needed once they turn 18. At our law firm, we understand the importance of ensuring your continued involvement in your child’s well-being…
On July 3, 2024, the U.S. District Court for the Northern District of Texas made a crucial decision in Ryan, LLC v. Federal Trade Commission, granting a limited stay and preliminary injunction against the Federal Trade Commission’s (FTC) new Non-Compete Rule. This rule, slated to render nearly all non-compete agreements unenforceable with few exceptions, has stirred substantial controversy among employers…
The landscape of labor law is ever-evolving, and keeping abreast of changes is crucial for businesses to maintain compliance and avoid costly legal repercussions. One of the most significant recent changes is the new overtime rule for exempt employees. What is the New Overtime Rule? The U.S. Department of Labor (DOL) periodically updates regulations to reflect the modern workforce better.…
In a recent ruling on April 17, 2024, The Supreme Court made it easier for workers forced to transfer form one job to another to file discrimination claims under the federal law. Workers can now take legal action even if they’re not demoted or subjected to pay cuts. They would need to prove that some harm occurred, but not be…
The Federal Trade Commission’s (FTC) recent ruling to ban noncompete agreements nationwide signifies a significant shift in the regulatory landscape. This transformative development carries profound implications for businesses across the Lone Star State, creating the necessity for a strategic approach to compliance and adaptation. The implications of this ruling and its potential ramifications for employers in Texas will be far-reaching…
On February 16, 2024, we published a blog about the reporting requirements of the Corporate Transparency ACT (CTA). This past Friday, a federal court in the Northern District of Alabama issued a judgment declaring the CTA unconstitutional, citing its infringement upon the limits of Congress’ authority as outlined in the Constitution. As a result, the Financial Crimes Enforcement Network (FinCEN),…
