
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 you...

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...

Tax-Efficient Strategies For Business Structuring and Reorganization
Understanding the intricacies of business structuring and reorganization is crucial for companies aiming to thrive and adapt. Texas offers a robust legal and regulatory framework that supports businesses through their lifecycle, from initial formation to potential restructuring phases. Whether it is a startup selecting its initial structure or an established entity considering...

Mergers and Acquisitions – Legal Strategies and Best Practices
Mergers and acquisitions (M&A) involve consolidating or acquiring two or more companies into a single entity with significant legal, financial, and operational implications. While the basic principles of M&A are similar across jurisdictions, specific laws, regulations, and practices can vary by location. When exploring M&As in Texas, companies must consider all the...

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 reasons...

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 tax...