Austin TX Business Law Blog

Let’s face it, every business is likely to encounter some kind of dispute at one point or another. Competing management styles, difficult team dynamics, and other things can mean big headaches for a company even if it is otherwise thriving. Because of this, it can be important to have a plan in place to help address issues before they become out of control and jeopardize the wellbeing of the business.
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Are you considering buying into a franchise? It can be a great way to enter the business world while avoiding so many of the headaches start-up founders face. There is often built-in structure and name recognition when it comes to a franchise. There are also training opportunities and operational guidance built into the purchase.
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During the Covid-19 pandemic, there were several programs available through the Small Business Administration to help businesses that were struggling. One such program was the Paycheck Protection Program (PPP). Now, some of those loans may be coming due and you may be wondering whether you can apply for PPP loan forgiveness and how you can do so. One of the main attractions of the PPP loan is, after all, that it may be forgiven in full. Once forgiven, the loan becomes a kind of grant as opposed to a loan that needs to be repaid.
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A buy-sell agreement is sometimes more aptly referred to as a buyout agreement. These agreements are binding legal contracts between business co-owners that dictate when owners can sell their interest in the business as well as who is permitted to buy an owner’s business interest and the price for that particular share of the business interest. These agreements are entered into by the owners of a business in order to establish some boundaries for what will happen to an owner's share of the business upon the happening of a specified event, such as the death or disability of an owner.
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Before you start your own business, it can be critical to get your ducks in a row, so to speak. While entrepreneurs set out to navigate the exciting start of a new venture, guidance is key. Meet with a business lawyer and discuss your business details.
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The State of Texas will generally frown upon contracts and other business arrangements that restrict employees from changing jobs as they see fit. Free enterprise is big in Texas and the state approaches any potential restrictions on trade or commerce with great trepidation. In fact, the Texas Free Enterprise and Antitrust Act of 1983 deems unlawful any contract or agreement that restrains trade or commerce, with certain exceptions being made.
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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.

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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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.

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 . . .

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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