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Austin TX Business Law Blog

Friday, November 30, 2018

Funding Your Startup Business

What are my funding options if I cannot secure a bank loan?

Your first challenge as a new business owner is often determining how to finance your venture.  Nearly every business will require some sort of capital to start off strong.  To launch your startup, you may need to hire new employees, rent a space, invest in new equipment, market your business, and the like.  With interest rates rising and banks more closely scrutinizing loan applicants, many new business owners are turning to alternative funding options.  Our Austin, Texas business startup attorneys explore your options when it comes to funding your new venture below.

Small Business Loans

Perhaps the first avenue that comes to mind for raising funds for your business is a small business loan. Banks offer small business loans, but it can be hard to qualify.  Most banks will require a stellar credit score, strong business model, and at times previous business success.  Many new business owners will find themselves denied by large banks.  Alternatively, there are several lending companies that may have looser criteria for a loan.  It is vital that you research these lending companies, as some will charge exorbitant interest and could use predatory methods.  Your business startup attorney can help by reviewing any potential lending agreement to uncover predatory lending schemes.


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Tuesday, November 13, 2018

FMLA and Key Employees


Can our company terminate a key employee who takes FMLA leave?

The Family and Medical Leave Act (FMLA) allows qualifying employees up to 12 weeks of unpaid leave per year.  Generally, employees who take FMLA leave are entitled to have their job back at the end of their leave period.  While FMLA is important to the protection of employees with medical conditions new babies, and other urgent family matters, losing an employee for 12 weeks can be hard for the employer.  At times, a company cannot afford to lose a key employee for 12 weeks. Understanding that circumstances do arise in which a company cannot keep a position open for a key employee, certain exceptions will allow an employer to terminate a key employee who takes FMLA leave.
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Monday, October 29, 2018

Protecting Your Store’s “Look” With a Design Patent

What elements of a store’s design can be protected through a design patent?

The look and feel of your retail location are likely a driving factor behind your success.  Customers often come to a certain store, over competing options, because they know and appreciate the overall style of the store. Your “look” might include your arrangement of items for sale or services, a unique display, a signature floor design, and much more.  Retailers often miss out on protecting the design of their store because they are unaware intellectual property law could give them much needed legal protection.  A design patent can be the ideal tool for some retail owners to guard their unique design and prevent copycats.


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Monday, October 15, 2018

The Benefits of ADR for Business Disputes

Is alternative dispute resolution the right method to resolve my business dispute?

Business owners will often eventually find themselves involved in some form of dispute with a business partner, an employee, vendor, customer, contractor, or others.  Business disputes can be stressful and potentially involve high stakes.  For the busy small business owner, litigating a dispute at trial is rarely the ideal method of resolution.  Instead, most business disputes are resolved through some form of alternative to ligation, with the most popular options being mediation and arbitration.  At times, one method will be required per the contract governing the dispute.  Our Austin, Texas ADR business lawyers explore the basics of alternative dispute resolution and how you can find the ideal method to end your dispute below.


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Saturday, September 29, 2018

Austin Business Journal Recognizes the Fastest Growing Companies

What makes Austin an ideal city for startup businesses?

The Austin Business Journal recently released its list of the fastest growing companies in the city. Companies were divided into two categories, one for companies with annual revenues of less than $10 million and another for companies bringing in over $10 million a year.  These winners represent the high growth atmosphere of industries within Austin and the state of Texas.  Our Austin, Texas business startup attorneys explore some award winning companies in the area and discuss why Austin may be the perfect place for your new business.  


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Tuesday, September 11, 2018

Avoid These Mistakes When Buying a Business

How long does it usually take to find the right business to purchase?

Buying a business is a big decision. The purchase of a business will involve a significant outlay of capital and time. With so much at stake, you want to make sure you select the right business which will earn a return on your investment and achieve success in the long run. Anyone starting out in the business buying process will want to avoid making the mistakes discussed below.


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Wednesday, August 15, 2018

Before Pitching Your Idea, Make Sure It’s Protected

How can I ensure a potential investor does not steal my idea?

If you’ve developed a great concept, you may now be considering raising capital or bringing in partners. An investor or a business partner may prove vital in bringing your concept from an idea to a fully executed business. However, pitching your novel idea to anyone else without first taking steps to protect it could lead to idea theft.


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Friday, August 3, 2018

Franchising Internationally

How can I take my franchise to an international level?

In today’s global economy, it seems natural that some successful American franchisors will want to explore the possibility of expanding their franchise overseas. The United States is home to many of the most popular brands in the world, and American franchises often find considerable success when they open stores internationally. Going global does come with challenges and risks, however, that any franchisor will want to carefully weigh before they start exploring the international market.


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Thursday, July 12, 2018

Wallet Hub Names Texas as Best State to Start a Business

What are the steps to starting a successful new business?

Wallet Hub recently released its list of the best states to launch and grow a business. Once again, Texas came in as number one. The study compared 25 key business indicators across 50 states. Factors considered include the business environment, business cost, and access to resources, among others. Texas ranked high in several categories, taking the lead in the business environment.


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Friday, July 6, 2018

Fitbit Employees Charged with Stealing Trade Secrets from Jawbone

What are the penalties for theft of trade secrets?

One current employee and five former employees of Fitbit, Inc. have been charged by U.S. prosecutors for theft of trade secrets. The indictment alleges that the six Fitbit employees received stolen trade secrets when they left their employment at rival company Jawbone.


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Monday, June 11, 2018

A Look at Some Famous Intellectual Property Cases

Why is it so important to protect my business’ intellectual property rights?

Intellectual property law is an ever evolving field of law. Since the advent of the internet, a plethora of new intellectual property cases have emerged to define and guide businesses on and off the web. Our Austin, Texas intellectual property law lawyers explore some of the biggest intellectual property lawsuits in recent history below.


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