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…
The Internal Revenue Service (IRS) is planning to bump up its audits of small businesses as well as their investors by around 50% this year. In part, this is due to years of consistently low rates of examination among small businesses. According to this story from Bloomberg, a surge in audits is expected and will be for “companies ranging from…
Over the course of the coronavirus pandemic, all businesses have been forced to adjust how they operate. Given changes in resources, labor, and even the ability to travel, some businesses have been left struggling to fulfill their contractual obligations. Consequently, businesses are left wondering what relief they are entitled to as a result of the pandemic, as well as what…
Amid the Coronavirus pandemic, the Texas Supreme Court had issued a temporary pause on both debt collection and eviction proceedings. Now, the Texas Supreme Court is saying that these proceedings can resume this month. Translation? Businesses and debt collectors are going to start asking for payment and/or filing lawsuits. What is Going into Effect and When? Evictions The first day…
As a business owner, it’s important to develop relationships with various professional services that can help your business, financially and legally. Among the two most important are an accountant and, you guessed it – a business lawyer. Whether a new entrepreneur or established business owner, navigating the requirements and complexities of the law for businesses can be daunting for most.…
