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Austin TX Business Law Blog

Monday, March 30, 2020

What to Do Before Selling Your Business


Building a business is something to be proud of. You have likely poured time, money, and resources into your business. When the time comes to sell your business, you will want to do what you can to maximize its value and also to protect yourself. This requires advance preparation.

What to Do Before Selling Your Business

It is often difficult for a business owner to be impartial in evaluating his or her own interest.
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Thursday, March 12, 2020

Things to Consider Before Buying A Franchise


Buying a franchise can be a great opportunity. Entrepreneurs can shop around and see what type of franchise seems to be the right fit for them. With the right franchise, you can become a part of an already successful business set up with a pathway to profit that is shorter than starting a business from the ground up. Read more . . .


Thursday, February 13, 2020

What Businesses Need to Know About Texas' Updates to Breach Notification Law


The new year is officially in full swing and with that means more new laws coming into effect. One such law is HB 4390, which was signed into law by the Texas governor in June of 2019 and went into effect starting on January 1, 2020.
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Monday, February 10, 2020

Common Problems Start-Ups Face


Starting a business is a substantial undertaking and one that is very exciting. There are so many businesses that develop each year. Many of them have big dreams and great ideas. Unfortunately, many Read more . . .


Thursday, January 16, 2020

Tips for Negotiating a Business Contract


While there is a wide range of business agreements that come into play when you are an entrepreneur, a business agreement often requires at least some negotiation in order to be finalized. This means you and the other party or parties to the agreement will have to work out all of the details of the contract or agreement in a way that is amenable to all involved. Concessions will usually need to be made.

Business agreements can have important consequences for a business and negotiations of these agreements should be approached with great care. Here are some tips to help ensure you successfully come out the other side of


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Monday, January 13, 2020

What to Look for in a Commercial Lease


There are plenty of documents that come across your desk as a business owner. Most are standard and you can easily get complacent in reviewing specific terms. For instance, you may have to enter into a commercial lease.
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Tuesday, December 17, 2019

What Is a General Partnership?


If you are at the beginning stages of forming a new business, you have probably realized that there is a laundry list of important decisions that need to be made. This includes what type of business to form. There are unique benefits and restrictions to any form of business whether it be a Limited Liability Corporation, General Partnership, Limited Partnership or something else.
Read more . . .


Friday, December 13, 2019

What Is the Uniform Trade Secrets Act?


Intellectual property is essentially a product of the mind or creativity. It may be tangible or intangible. Intellectual property includes things such as inventions, art, literature, and methods. A trade secret is one type of Read more . . .


Thursday, November 14, 2019

What Is the Difference Between an LLC and an LLP?


One of the major decisions you will take on as you start up your business is what type of business entity to select. There are pros and cons to every type. Understanding your options is the first step in making an educated decision about this important step in the business formation process.
Read more . . .


Friday, November 8, 2019

What Is an Asset Purchase Agreement?


When you have a business, are setting up a business, or selling a business, there is the inevitable paperwork that follows. The paperwork can seem never ending. Things can get lost in the shuffle. Oversights are easy when things start to pile up. Unfortunately, the details in the paperwork are important to not only be aware of, but to understand.
Read more . . .


Wednesday, October 16, 2019

What Should Be Included in an Investor Agreement?


Securing investors is often a critical component to starting or growing a business. In order to maintain and protect your important relationship with your investors, an investor agreement should be carefully drafted and include several key terms. The investor agreement can bring peace of mind to an investor that his or her investment interests are being protected and to the company that the investor funds will be seamlessly transferred and founder interests have been preserved.

What to Include in an Investor Agreement

An investor agreement is a contract that outlines the terms of an investment. The agreement should, of course, include the very basics, such as:
  • The names and addresses of the parties
  • The purpose of the investment
  • The date of the investment
  • The structure of the investment
  • The signatures of the parties
The terms of the investment should be clearly laid out in the agreement.
Read more . . .


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