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Austin TX Business Law Blog

Monday, September 26, 2022

How to Prove a Material Breach of a Business Contract


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 of contract can be invaluable to a business owner. A material breach is one that goes to the heart of a contract between two parties. It is one that renders the contract irreparably broken and one that essentially disregards the whole purpose behind establishing the contract in the first place.
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Monday, September 26, 2022

When Is It Time to Close Your Business?


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.
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Friday, August 19, 2022

How to Close Your Business


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 your business journey.

How to Close Your Business

In order to close your Texas business, you will need to go through a formal termination process that is completed through the Texas Secretary of State.


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Wednesday, August 17, 2022

How to Set Your Business Merger Up for Success


A business merger is a big deal and can have profound impacts on everything from your company’s future to the day to day operations. It’s an exciting time as you make a major move towards expanding your business, but it is also critical that certain steps are taken to help ensure the merger is a successful one. Here are some steps you can take to help ensure your business merger ends up being a success.
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Sunday, August 7, 2022

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 to observe all of the red tape and formalities that lie in wait for you.
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Sunday, August 7, 2022

The Most Common Types of Business Disputes


Regardless of the type of business you run or the size of your business, it is likely that, at one point or another, a dispute will arise. Business disputes, while common, can still be overwhelming. This is not to mention that they can take up a lot of valuable time and resources as you work to remedy the dispute.
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Wednesday, July 27, 2022

The Most Common Types of Business Disputes


Regardless of the type of business you run or the size of your business, it is likely that, at one point or another, a dispute will arise. Business disputes, while common, can still be overwhelming. This is not to mention that they can take up a lot of valuable time and resources as you work to remedy the dispute. You may not be able to prevent any disputes from arising, but there are certainly actions you can take to minimize the chance of disputes and to streamline your processes so that, should a dispute arise, it can be swiftly and effectively addressed. To help you with this, we are going to walk through some of the most common types of business disputes.
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Monday, July 25, 2022

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 to observe all of the red tape and formalities that lie in wait for you. Believe us, taking your time at the start of things to be sure you are forming your business on solid ground will be more than worth it as you watch your business thrive from here on out!

The Basics of Starting Your Own Business

Before getting into some of the finer points of starting your own business basics, it is worth mentioning that some entrepreneurs looking to start their own business often end up considering buying an existing business instead of starting a new business altogether. Buying an already existing business has many advantages as there is already the main business structure in place.
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Thursday, June 30, 2022

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.

Force Majeure Clauses

A force majeure clause in a contract is a provision excusing one or both parties to the contract from performing their contractual obligations when circumstance beyond either parties’ control arise which make performance of the contract either impractical or impossible.

What would constitute such circumstances that would trigger a force majeure clause? Well, these clauses themselves usually list qualifying events.
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Sunday, June 26, 2022

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. In this case, the value standard will play a pivotal role in determining the equity the exiting partner has in the partnership. When an improper value standard is used, it discourages partners who want to leave from leaving which can lead to big problems in and of itself.
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Tuesday, May 24, 2022

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 particular skillset or resources into a developing business.
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