Austin TX Business Law Blog

In the midst of the Coronavirus pandemic, the U.S. has experienced a severe economic downturn that has hit communities and businesses hard across the country. Stay-at-home orders and social distancing guidelines have forced many small businesses to close their doors temporarily and, in some cases, permanently. There have been employee layoffs.
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Looking to buy an existing business is an exciting entrepreneurial adventure. Do not, however, let your excitement cloud your judgment or make you rush through this process. Buying a business is an investment.
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Whether you are a service provider or a business hiring a service provider, you should be knowledgeable about what is in the proposed service contract. The service contract outlines the business relationship being established. It benefits both parties to be fully informed about what the service contract should include.
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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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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 . . .

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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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 . . .

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

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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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.
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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 . . .