Category: Business
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LLC vs. Corporation: Which Business Structure is Right for You?
As someone who is about to start a business, you have many decisions to make. One of the first decisions is the type of business structure you choose. There are many options, and they each have their own advantages and drawbacks. Two popular choices for business owners are limited liability companies (LLCs) and corporations. If…
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What You Need to Know About LLP Formation: A Flexible Business Structure for Professionals
Limited liability partnerships (LLPs) have been popular among professionals such as doctors, lawyers, dentists, and architects since the 1990s. These business structures offer an alternative to general partnerships (GPs) and limited partnerships (LPs). While the majority of states now legally recognize LLPs as a formal business structure, Texas was the first state in the country…
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Advantages of LLP Formation for Law Firms and Other Professional Services
Whether you are an attorney, doctor, or other professional, you must choose a business structure for your practice. Maybe you are just starting out and wondering what type of structure is right for you. Or, perhaps your current structure is no longer working for you, and it is time for a change. Whatever the reason…
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Understanding Liability: Choosing the Right Business Structure for Your Company
As a business owner, you will have many important decisions to make. All of these decisions will have a significant impact on the company and will largely determine whether it is successful. One of the very first decisions you will have to make is how you want to structure the business. In Texas, there are…
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Navigating Business Contracts: Tips for Successful Negotiations
Contract negotiations can be time-consuming processes that have the potential to become frustrating for all parties. One reason for this is that parties sometimes enter into these negotiations without a clear vision of their priorities and objectives. This lack of focus can result in miscommunication among the parties, unnecessary contract cycles, and unfavorable outcomes. Fortunately,…
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Key Legal Considerations for Small Business Owners
Starting a business is an incredibly exciting venture. It can bring financial stability and independence and even a legacy for you to leave behind for your family. However, starting a business can also present unique legal challenges. Before you start operating your business, you must meet certain legal requirements. Below, our Houston business attorney outlines…
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How to Handle Contractual Infringements by Your Business Partner
After forming a business partnership, the parties often draft a formal partnership agreement. The main purpose of a partnership agreement is to detail each party’s rights and responsibilities and outline what will happen if one party breaches the agreement. A breach of a contract agreement is very difficult for all parties. Below, our Houston business…
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Protecting Your Personal Assets in the Event of a Business Lawsuit
It is critical to protect your personal assets in business, particularly when you are facing a lawsuit. A lawsuit will be bad enough for your business, but you do not want it destroying your personal property, as well. Below, our Houston business law attorney outlines some of the best ways to protect your personal assets…
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Navigating the Most Frequent Forms of Business Legal Disputes
Running a successful business involves fostering a number of relationships. Business owners hire employees, use third-party vendors, have partners and shareholders, as well as a number of other relationships. Within any one of these relationships, a dispute can arise. Business legal disputes are never good for a company. They detract from the overall profitability, interrupt…
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Series Limited Liability Company (LLC)
Historically, members had to file, manage, record, and report each LLC separately which meant more paperwork, more cataloging, more expense, and more reporting. That process created more unnecessary work and several issues for not only the members of the LLC but also for the states’ regulatory agencies. Some states have resolved this issue by enacting…
