Austin TX Business Law Blog

Monday, May 24, 2021

How to Conduct Due Diligence Before Buying a Business

Buying a business can mark the start of an exciting entrepreneurial adventure. It can also mark the start of a disaster waiting to happen if you do not do your due diligence in fully investigating the business you are purchasing. Without putting the work in and reviewing the business details closely, you risk falling into a money pit that may be more stress than it is worth. Here, we will discuss how to protect yourself and your business venture by conducting due diligence prior to buying a business.

How to Conduct Due Diligence Before Buying a Business

Due diligence is, essentially, the process in which the buyer verifies information about the business up for purchase.

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Friday, April 30, 2021

The Dangers of DIY Legal Resources

It seems that more and more websites are touting the ease and cost savings of DIY legal resources. Proclamations of setting up your own business without the legal feels fill the internet. Avoiding the need to retain an attorney and do things on your own are pushed toward the masses.
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Tuesday, April 27, 2021

What Costs Should a Startup Plan For?

Have you come up with a great business startup idea? It can spark excitement like a few other things. The idea, however, is just the beginning. There are many steps to take before you can make it a reality.

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Monday, March 29, 2021

What Is a Co-Op Business Structure?

Having a great idea for a business is just the beginning. Actually setting up a business for success and working through all of the formalities required to get a business up and running can be an arduous process. It is, however, an important one. How you set up your business will have significant impacts on how it is run, your personal liability, and your tax liability. One of the biggest decisions you will need to make is what type of Read more . . .

Thursday, March 25, 2021

What Role Do Stakeholders Play in a Company?

A stakeholder is considered to be any person who has an interest in a company. This means that the term “stakeholder” is actually quite general. Think about who could have an interest in a company. An employee, a supplier, a partner, and others could be considered stakeholders. Furthermore, a stakeholder could be an investor in a company.
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Thursday, February 25, 2021

What Type of Business Entity Should I Form?

Starting a business will involve many decisions. Perhaps one of the most important decisions among them will be how you will structure your company. The legal structure of a business will impact its very foundation, all the way up.
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Monday, February 22, 2021

Does My Business Need a Separate Tax Identification Number?

There are many considerations when you make the big decision to set up a business. It may be difficult to even know where to begin. There are, however, certain logistics and formalities that will need to be observed in order for you to be able to successfully navigate these new waters and establish your business.
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Thursday, January 28, 2021

What to Look for in a Property Agreement

In business, you will likely deal with one or more different types of property agreements. You may lease space for your business. You may buy space for your business.
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Monday, January 25, 2021

How to Start the New Year Right for Your Business

While it may have felt like 2021 would never arrive, here it is! The new year is upon us and it is the perfect time to really reflect on your business. Take the time and make a concerted effort to think about where you want your business to go and how you are going to get there. When you have a small business, it can feel like there is never enough time to accomplish day-to-day tasks let alone plan for the future of your business, but this is also an integral part of helping to ensure the continued success of your business.
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Monday, December 21, 2020

The Benefits of a Written Employment Contract

Having a written employment contract actually tends to be the exception rather than the rule. Without a written contract, the employee is considered to be “at-will.” When an employee is “at-will,” he or she may be terminated at any time for any legal reason.
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Friday, December 18, 2020

What Exactly Is Business Law?

Have you ever heard of “business law?” Have you ever wondered what it means? While business law may seem self-explanatory (it’s the law of business, right?), it is an extremely complex area of law that touches on several other areas of law. Here, we will go into more detail about what business law is and what it entails.

What Exactly Is Business Law?

Business law is indeed the law of business and the law of doing business.
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