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Austin TX Business Law Blog

Thursday, August 8, 2019

“Save Chick-fil-A” Bill Signed into Law by Texas Governor


Austin Business Law Attorney

The successes, failures, and challenges of a business can be caused by many different things. Sometimes the core values of a business or those who own and manage the business help promote the popularity of a business. However, sometimes they cause some contention and negative publicity. 

For instance, the ever popular Atlanta-based fast food chain, Chick-fil-A, has made the news several times regarding the religious ideals held by the company founder, Baptist S. Truett Cathy, and his son, Dan Cathy.
Read more . . .


Wednesday, July 31, 2019

What Is the Difference Between a C Corporation and an S Corporation?


Selecting a business structure is one of the most important steps that an entrepreneur takes when beginning a business. Because the type of business structure chosen for the company impacts many important aspects of operating a business, many individuals and groups seek the advice of a Texas business law lawyer. An attorney can help you evaluate your company’s needs and goals to determine which business structure best meets your needs.

Why is a Business Structure Important?

The type of entity you choose for your business impacts many of your day-to-day operations. Some of the areas directly influenced by the type of business structure you choose for your company include, but are not limited to:

  • The amount and type of taxes paid by the company;
  • Your personal risk level;
  • The ability to raise capital;
  • The ease of adding additional owners or selling a portion of the company;
  • The paperwork required to comply with state and federal laws;
  • The number and types of owners permitted; and,
  • Your ability to control future operations and decisions.
    Read more . . .


Friday, July 19, 2019

When Does a Business Start-Up Need a Patent?


Patents for Start-Ups

Setting up your start-up the right way with all the relevant legal protections in place is important in order for it to be successful. One type of legal protection that may be relevant to your business is patent protection. While not all start-ups need patents, in some cases, getting a patent may be the right way to secure your idea from being used by others.
Read more . . .


Sunday, June 30, 2019

Alternative Dispute Resolution


Alternative dispute resolution is any method to resolve a dispute instead of resorting to litigation. These methods tend to be more collaborative as the parties come together to work on a mutually agreeable solution. The two most common alternative dispute resolution methods are mediation and arbitration.
Read more . . .


Thursday, June 27, 2019

Employee Handbooks


Having a solid employee handbook in place is an important part of protecting your company and establishes clear expectations for your employees. In its most basic sense, the employee handbook will memorialize your company’s rules and policies on a number of critical aspects of the business and employment with the business. Your employee handbook should be distributed to all new hires and reiterated to current employees on a regular basis.
Read more . . .


Friday, May 24, 2019

Non-Disclosure Agreements


Non-disclosure agreements are used to restrict the disclosure of confidential information and trade secrets that a person may have acquired or had access to during the course of his or her employment. An employer uses a non-disclosure agreement to protect the dissemination of key company information by a person after an employee has left the company. It is a restricted covenant intended to protect the company from its own confidential information being used against it later on.

What is a Non-Disclosure Agreement?

Unlike a non-compete agreement, a non-disclosure, when properly drafted, is not designed to restrict a former employee from competing with his or her former employer. Even with a non-disclosure agreement in place, a former employee is free to use any general knowledge and skills acquired at the former place of employment to set out and start a new business or work with a competitor.
Read more . . .


Monday, May 20, 2019

What Should I Do Before Buying a Franchise?


Buying a Franchise

Entrepreneurs looking to take on the business world but not wanting to build up a business from the ground up may finding buying a franchise to be an attractive option. A franchise can be a lucrative business endeavor and one where branding, pricing, marketing, and other business structures are already in place. Having a successful franchise, however, is not a guarantee.
Read more . . .


Thursday, April 18, 2019

Formation of a C Corporation


Formation of a C Corporation

The most common corporation type in the United States is a C corporation. The benefits of this corporate structure makes it an attractive option to businesses. A C corporation is owned by its shareholders. The shareholders are charged with electing a board of directors and the board of directors, in turn, determine how the company will operate. The corporation is an entity legally separated from its owners.


Read more . . .


Friday, April 12, 2019

Buying a Small Business


Setting out to buy a small business is an exciting adventure. For those with the entrepreneurial spirit, buying a small business can be the culmination of pursuing a life-long dream. Buying an existing small business can be an excellent investment. If you fail to do your due diligence prior to this major purchase, however, things can quickly go south. Be thoughtful and detailed in your review of a small business you are looking to purchase.
Read more . . .


Sunday, March 31, 2019

Six Factors to Consider Before Selling Your Company

Selling your company can be a bittersweet experience. The business you worked hard to build has become a success, but it is time for you to move to the next phase of your career or life. Before you place your company on the market, you want to ensure you consider several factors, so that your company is ready to be sold for top dollar. An Austin business lawyer can help you during each phase of the business transaction, including discussing the initial factors below.

Six Things to Consider As You Prepare to Place Your Company on the Market

1.            Hire Advisors and Professionals Immediately


Read more . . .


Saturday, March 30, 2019

Steps to Starting a Business

Texas Business Law Attorney

Putting that entrepreneurial spirit into action and forming your own business is a big step. Starting a business is the time to put all of those exciting ideas into a more detailed and concrete plan that will lay the foundation for its future. The Kumar Firm takes great pride in providing trusted legal counsel to those who are looking to start their own business. It is a journey filled with important decisions and legal considerations. The Kumar Firm will help you navigate these waters and help set your business up for success.

What are the Steps to Starting a Business?

The first step to starting a business is to develop a solid business plan. Get down into the specifics of what your business will look like. You will need to answer some tough, but necessary questions about your business such as:


Read more . . .


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