For Texas limited liability companies (LLCs), having a well-drafted company agreement is not just a best practice—it’s a crucial step in establishing clear governance, protecting members’ interests, and ensuring smooth business operations. Here’s why a company agreement, crafted with input from legal counsel, is essential for Texas LLCs: 1. Clear Governance and Structure A company agreement serves as the foundational…
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…
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 a business owner, your company is likely one of your most significant assets. It represents your hard work, investments, and aspirations for the future. However, it is equally important to consider what happens to your business in the event or your incapacity or death. To ensure a smooth transition and protect the interests of all stakeholders, it is crucial…
There are many different provisions that go into a contract. Some of these provisions are standard, some are unique to each circumstance, and some are a mix between those two. However, every contract should have provisions that address how disputes between the parties will be handled. This may include provisions that dictate choice of law that will be applied to…
As a business owner, you’re ready to get up and running, but not so fast. There are many layers and intricacies to business owning, so getting on the same page with your partners, peers, and employees is essential to operating a successful business. If you’re starting a business, you might have heard of an LLC, also known as, Limited Liability…
How do you know the time has come to hire an attorney for your business? If you’re already in business, the time is now. Business owners need to have someone they can trust with confidential information as well as their business needs. Business lawyers can help assess risk, draw up contracts, and policies and procedures that protect you and your…
As a business owner, you may be wondering which organizational structure is right for your business. With several to choose from, along with a vast number of resources online vying for your attention, trying to decide on your own can be overwhelming, and in some cases, downright discouraging. However, of all the decisions you make when starting your business, choosing…
Thinking of starting a business? First of all, congratulations! As Business Attorneys, we know firsthand that while the idea of opening up your own shop is exciting, the steps necessary to make that dream a reality can be quite daunting. While you might not be sure what to do first (and then next), these are important steps necessary to ensure…