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As a legal entity, a corporation will exist indefinitely unless steps are taken to formally end its existence. The corporation must be dissolved. Without going through the formal dissolution process, the corporation will continue to exist as a legal entity which comes with reporting requirements and other obligations. If you are looking...

There is no way around it, starting a new business is tough. It does, however, come with big potential rewards. You have the opportunity to be your own boss and build something from the ground up. Business start-up leaders pour their hearts, souls, time, and money into these ventures and the payoffs can be...

A non-compete agreement is a restrictive covenant that is often included in certain employment agreements. The non-compete agreement looks to put restrictions on an employee’s activities once the employment relationship has ended. While non-compete agreements can serve legitimate business interests, many states are highly sensitive to them as they are suspicious of any restriction...

Texas is one of the most business-friendly states and offers a number of cities where the cost of living is lower than in other parts of the country. As such, small and mid-sized businesses have been flocking to the state. With these benefits and no state income tax, many are realizing that...

Using the digital space for one reason or another is becoming an essential part of more and more businesses every day. Everything from business accounts to personal data is stored digitally. Unfortunately, personal data is held at a premium and worth seeking to exploit by many. With many out there looking to poach private...

There are a lot of legal documents that can be used in a business, but are not necessarily mandatory. Nonetheless, they can be critical to streamlining operations, protecting business interests, and promoting a successful future for the business as a whole. One such legal document is a pre-incorporation agreement. As one of the most...

There are many business legal tools and agreements that may not be required, but can still be critical to the longevity of your business. A buy-sell agreement is one such item. A buy-sell agreement can protect business partners in the event that there is an impending change in leadership, like when one partner passes...

Contracts are an integral and unavoidable part of doing business. As such, it is critical that business owners have at least a basic understanding of what goes into creating a strong business contract and what can happen when a contractual relationship does not work out. For example, knowing about what constitutes a material breach...

As a business owner, you have likely held competing feelings about your business at some point or another. You may be proud of what you have built, but defeated by your setbacks. You may be excited about new ideas, but frustrated by how long it is taking to reach your goals. At...

Deciding to close a business, whatever the reason may be, is a significant event for any entrepreneur. Regardless of how ready, or not ready, you are to walk away from a business, however, there are a number of hurdles you will have to jump before you can completely close this chapter on...