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Austin TX Business Law Blog

Monday, November 28, 2022

The Costs of a Cyber Security Breach of your Business


Using the digital space for one reason or another is becoming an essential part of more and more businesses every day. Everything from business accounts to personal data is stored digitally. Unfortunately, personal data is held at a premium and worth seeking to exploit by many. With many out there looking to poach private personal data for profit, businesses need to take cyber security seriously or reap some pretty serious legal and business consequences. Steps to put preventative measures in place to guard against cyber attacks on your business can be well worth it.
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Friday, November 25, 2022

Pre-Incorporation Agreements and Why They are Significant


There are a lot of legal documents that can be used in a business, but are not necessarily mandatory. Nonetheless, they can be critical to streamlining operations, protecting business interests, and promoting a successful future for the business as a whole. One such legal document is a pre-incorporation agreement. As one of the most complex business structures, corporations reap many benefits of such a formation such as liability protection for its owner. The corporate structure, however, can be complicated and difficult to manage all of its requirements.
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Tuesday, October 25, 2022

What to Include in a Service Contract


Over the course of running a business, it is likely that you will need or encounter a service contract at one point or another. If you provide a service to your clients or customers, your service contract will detail the terms and conditions of those services you are to provide them with. You may also need a service contract in place if your business needs to retain someone like a freelancer or temporary worker.
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Tuesday, October 25, 2022

Do You Need to Have a Buy-Sell Agreement in Place?


There are many business legal tools and agreements that may not be required, but can still be critical to the longevity of your business. A buy-sell agreement is one such item. A buy-sell agreement can protect business partners in the event that there is an impending change in leadership, like when one partner passes away or chooses to leave the business. This can mark a make or break time for a business. Weathering leadership transitions can be essential to the ongoing success and growth of a business.


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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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