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Austin TX Business Law Blog

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.
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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.


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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.
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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


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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:


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Sunday, February 24, 2019

Another Apple Employee Charged with Theft of Trade Secrets


How can I guard against theft of my company’s trade secrets?


Recently, the Federal Bureau of Investigation arrested a second Apple employee and accused the employee, who is a Chinese citizen, of attempted theft of trade secrets.  The allegedly stolen information concerned Apple’s autonomous car project.  This FBI investigation comes just months after similar charges were filed against another Apple employee for seeking to steal trade secrets concerning the same project.  Our Read more . . .


Sunday, February 17, 2019

Forbes Ranks Texas Health as Top Employer for Diversity


What are the benefits of diversity in the workplace?


Recently, Forbes magazine ranked Texas Health Resources number 140 on its list of the Best Employers for Diversity. The national list polled respondents with questions about employee gender, age, ethnicity, LGBTQ+, and other diversity indicators.  Texas Health is honored to have ranked top among the most inclusive employers in the country.  Texas Health issued a public release expressing pride over the award and stating that the workplace is comprised of more than 40 percent of employees who identify themselves as part of an ethnic population.  Our Austin, Texas business law employees applaud Texas Health for its recent ranking and discuss the many benefits of having a diverse workplace below.


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Thursday, January 31, 2019

Managing Office Romances


Should I use “love contracts” in the workplace?


Office romances are always a challenge for employers.  With the current #MeToo movement, employers today are all the more concerned about addressing and managing office romances in a way so as to avoid lawsuits.  Employers may attempt to institute a policy against office romances, while others allow relationships so long as they are declared.  Our Read more . . .


Monday, January 28, 2019

Your 2019 Outlook for Buying or Selling a Business


Will 2019 be a strong year for business buyers and sellers?

As the year 2019 churns off to a strong start, those in the business industry may be wondering what this new year will hold for buying or selling a business.  After all, the purchase or sale of a business is often heavily intertwined with economic, technological, and even political factors. Our Austin, Texas business law attorneys discuss some factors to consider in this coming new year if you will be purchasing a new business or selling your existing business.
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Monday, December 31, 2018

California Businesses Flock to Texas


Why is Texas an attractive place to start a new business?

The Dallas Business Journal is reporting that a record number of businesses are leaving California, and many are electing to relocate to Texas.  At least 1,800 California companies are leaving the state in hopes to find a more favorable business climate, which Texas promises. McKesson Corp, a massive pharmaceutical distributor, recently announced that it plans to join the exodus by relocating its San Francisco headquarters to Irving.  McKesson Corp. is ranked sixth on the Fortune 500 list, making its move to Texas an important one.
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Wednesday, December 26, 2018

Employers Should Consider Updating Their Employee Handbook This New Year


What new laws have come into effect that should be reflected in my employee handbook?

The New Year is a time to make goals and set new standards.  For business owners, the New Year can represent a chance for a fresh start and a time to herald in needed changes.  If you are a business owner who does not have an employee handbook or have not updated your handbook in several years, now is the time to act.  With ever shifting business laws both federally and in Texas, Texas business owners should start to plan now for what updates should be made to their employee handbook come January 1.

Those Without a Handbook Need One

Any employer who has not yet developed an employee handbook should use this New Year as incentive to take the critical step of making one.
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