The Basics of Starting Your Own Business
So, you have decided to make the dream of owning your own business a reality. Congratulations! Being a business owner can be a great and rewarding endeavor. To build your business on solid ground, you will want to take care to do your research, check-off all of your to-do list items, and be sure...
Force Majeure Clauses
Sometimes, despite our best efforts, life and the world throw us curve balls that few could have foreseen and are completely beyond your control. Because of this, sometimes a business contract you entered into may become impossible or impractical to perform. This is where a force majeure clause can come in handy.
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The Value Standard in a Partnership Agreement
The value standard in a partnership agreement is, as it suggests, the standard at which the partnership is valued. It is a critical component of a partnership agreement and one which should be serious considered before being memorialized in this legally binding contract. At some point, a partner may want to leave the partnership....
How to Choose the Right Business Partner
There are few things more exciting to an entrepreneur than a new business idea. As you forge ahead in making your business dream a reality, you may, at some point, find that your endeavor could greatly benefit from some help. A business partner can be a great way to bring in a...
Liquidated Damages Clauses in Business Contracts
Contracts are not always honored. Breaches do occur and if you are a business owner it is an important possibility to plan for. While we put contracts in place hoping to see them fulfilled, there is always the chance that one or both parties to the contract will not uphold their end of the...
What is a Professional Corporation?
There is a fairly wide range of business entity options from which you can choose from when starting a new business. Depending on the type of business you are planning for and who will be owning and operating the business, there may be further options still. A professional corporation, for instance, may...
Forming an LLC in Texas
A Limited Liability Corporation or “LLC” is a popular business structure to select. It affords owners many benefits, including pass through tax benefits, flexibility, and personal liability protection. If you are an entrepreneur looking to form an LLC in Texas, here is an overview of the formation process.
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Avoid these Common Family Business Mistakes
Family businesses can be a great source of pride. After all, family members pour their time, financial resources, and hearts into these kinds of entrepreneurial endeavors. While they come in a variety of shapes and sizes, family businesses all maintain single family ownership. It can be difficult to keep a family business in the...
Creating a Remote Work Policy
While some companies have been offering remote work opportunities for years, others may have been pushed in this direction by the COVID-19 pandemic or by an increasing demand for such arrangements by potential employees. Regardless, if your company has always offered remote work, is newer to remote work, or is considering remote work options...
Hiring an Attorney for your New Business is a Must
Starting a new business is a big and exciting endeavor. It may seem, however, as if there is a never ending to do list before you. On top of this, you may be worried about covering start-up costs. Do not let this overwhelm you or push you to take shortcuts in the...