When Business Owners Should Start Succession Planning
Succession planning is one of the most important—but often overlooked—aspects of business ownership. Many business owners in Austin and throughout Texas delay creating a plan for transferring ownership, often until retirement is near or an unexpected event forces the issue. Atthe Kumar Law Firm PLLC, we help entrepreneurs develop thoughtful succession...
What Are the Benefits of Starting a Business in Texas?
Texas has long been recognized as one of the most business-friendly states in the U.S. Thanks to its favorable tax policies, regulatory climate, skilled workforce, and extensive economic development programs, entrepreneurs are increasingly choosing cities like Austin to launch and grow their companies. At the Kumar Law Firm PLLC, we help...
How an Attorney Can Help Businesses Face Common Legal Issues
Running a business in Texas comes with numerous challenges, including navigating the complex legal landscape. Whether you are a startup or a well-established company, legal issues may arise at any stage, potentially disrupting operations and profitability. Without proper legal guidance, businesses risk financial loss, reputational damage, and even closure due to unforeseen...
Navigating Business Disputes: When to Litigate and When to Mediate
Disputes are an inevitable part of running a business. Whether arising from contract breaches, partnership disagreements, intellectual property conflicts, or employee-related issues, these disputes can have significant financial and operational consequences. Business owners must carefully evaluate whether to pursue litigation or mediation to resolve their disputes effectively. The decision between these two...
Exit Strategies for Austin Business Owners: Things to Consider
No matter how successful your business may be, you always need to keep in mind what will happen if you need or want to sell your business. Having an exit strategy is crucial, because circumstances can always change. You want to be prepared in case something happens that can cause you to...
The Legal Side of Franchising in Texas
When you’ve decided to start a franchise business, you may face several legal issues, beginning with applying for a franchise, negotiating a franchise agreement, and operating the franchise. An experienced Austin business attorney can guide you through the legal side of franchising in Texas to protect your interests and ensure...
Top 10 Contract Mistakes Small Businesses Often Make
Small businesses need contracts to manage operations and relationships with customers, suppliers, contractors, and employees. However, mistakes during contract negotiations or during the contractual relationship can lead to potentially expensive legal disputes for your small business.
Common Contract Mistakes of Small BusinessesTen of the...
Understanding Non-Compete Agreements in Texas
Many employers expect their employees to sign a non-compete agreement as a condition of employment. Are these agreements enforceable under Texas law? That depends on whether the terms of the agreement are reasonable or overly restrictive. Texas courts have shown reluctance to enforce agreements that stifle competition or make it difficult for...
Understanding The Elements Of A Shareholder Agreement In Texas
Shareholder agreements in Texas govern the dynamics of shareholder interactions within a corporation. A shareholder agreement is not legally required in Texas, but it is critical to the smooth operation of a business. It is recommended for any entity with more than one shareholder. A formal agreement is even more crucial for...
Defending Your Company From Unfair Competition
Unfair competition encompasses a range of wrongful or deceptive business practices that harm other businesses or consumers and violate state or federal laws. Texas enforces laws and regulations to maintain fair competition and protect businesses and consumers from unethical practices. These legal frameworks strive to create an environment where companies can compete...