Why Your Business Needs A Buy-Sell Agreement
A buy-sell agreement (also known as a business continuity agreement or a buyout agreement), is a legally binding contract that outlines what happens to a business when certain triggering events occur, such as the death, disability, retirement, or voluntary departure of one of the business owners. There are several compelling...
Questions To Ask An Attorney About Your Idea to Purchase A Franchise
Franchises in Texas represent a dynamic and diverse segment of the state's economy. These range from fast food chains and retail stores to service-based businesses. Texas has a large, growing population which makes it an attractive destination for both established and emerging franchise brands. In addition, Texas's regulatory framework and...
Important Steps To Take When Purchasing A Business in Texas
Purchasing an existing business in the state of Texas can be an exciting opportunity for many. However, navigating the legal intricacies of such an acquisition is important to ensure a seamless transition and to protect one's investment. From initial due diligence to the final transfer of ownership, understanding and following the...
How Can You Protect Your Business From Identity Theft?
In a time when business operations are increasingly intertwined with the digital world, the possibility of identity theft increases exponentially. This can present a formidable challenge that can undermine the very foundation of a company's trust and integrity. As a result, the safeguarding of sensitive information and cyber threats to security become...
How Small Businesses Benefit from Business Succession Plans
Small business life can be a tough life. Weathering the storms of the economy, finding dependable workers, adapting to new market trends, and more can make for rough sailing, to be sure. If you are among the intrepid entrepreneurs who have managed to build a solid small business that continues to grow,...
What to Do If Your Business is Facing a Malpractice Suit
Members of various professional associations, including lawyers and doctors, can find themselves facing the daunting prospect of a malpractice suit. Whether the suit is justified or not, being confronted with the situation can make a business professional fear for their career and their business. If your business is facing a malpractice suit,...
How Can You Protect Your Business from Fraud?
Businesses of different sizes and in different industries need to be aware of the real threat of fraud. Fraud can take so many different forms it can be difficult to consider where to even begin protecting your business from falling victim to such criminal actions. Cybercriminals, in particular, are most adept at...
The Role of a Shareholder Agreement in Your Business
A shareholder agreement is a foundational legal document for a business. Established between company shareholders, this agreement details the rights and responsibilities of the shareholders as well as detailing how the company will be set up and run. While taking the time to go through and set all of the terms of a shareholder...
Common Risks Small Businesses Can Face
For the intrepid entrepreneur, starting a small business can be a rewarding and fulfilling adventure. Among many of the ways to describe small business ownership, however, the word “easy” would not usually be present. Small business ownership comes with risks. The good news is that these risks can be...
How a Business Contract Attorney Can Help Your Small Business
In the business world, contracts are going to come up, one way or another. Contracts in business serve a variety of purposes and can be useful both internally and when establishing relationships with vendors and clients. When properly executed, contracts can protect your business dealings and promote the sustainable growth of your business endeavors....