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Business Law

Friday, May 24, 2019

Non-Disclosure Agreements


Non-disclosure agreements are used to restrict the disclosure of confidential information and trade secrets that a person may have acquired or had access to during the course of his or her employment. An employer uses a non-disclosure agreement to protect the dissemination of key company information by a person after an employee has left the company. It is a restricted covenant intended to protect the company from its own confidential information being used against it later on.

What is a Non-Disclosure Agreement?

Unlike a non-compete agreement, a non-disclosure, when properly drafted, is not designed to restrict a former employee from competing with his or her former employer. Even with a non-disclosure agreement in place, a former employee is free to use any general knowledge and skills acquired at the former place of employment to set out and start a new business or work with a competitor.
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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 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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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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Tuesday, November 13, 2018

FMLA and Key Employees


Can our company terminate a key employee who takes FMLA leave?

The Family and Medical Leave Act (FMLA) allows qualifying employees up to 12 weeks of unpaid leave per year.  Generally, employees who take FMLA leave are entitled to have their job back at the end of their leave period.  While FMLA is important to the protection of employees with medical conditions new babies, and other urgent family matters, losing an employee for 12 weeks can be hard for the employer.  At times, a company cannot afford to lose a key employee for 12 weeks. Understanding that circumstances do arise in which a company cannot keep a position open for a key employee, certain exceptions will allow an employer to terminate a key employee who takes FMLA leave.
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Monday, October 15, 2018

The Benefits of ADR for Business Disputes

Is alternative dispute resolution the right method to resolve my business dispute?

Business owners will often eventually find themselves involved in some form of dispute with a business partner, an employee, vendor, customer, contractor, or others.  Business disputes can be stressful and potentially involve high stakes.  For the busy small business owner, litigating a dispute at trial is rarely the ideal method of resolution.  Instead, most business disputes are resolved through some form of alternative to ligation, with the most popular options being mediation and arbitration.  At times, one method will be required per the contract governing the dispute.  Our Austin, Texas ADR business lawyers explore the basics of alternative dispute resolution and how you can find the ideal method to end your dispute below.


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Saturday, September 29, 2018

Austin Business Journal Recognizes the Fastest Growing Companies

What makes Austin an ideal city for startup businesses?

The Austin Business Journal recently released its list of the fastest growing companies in the city. Companies were divided into two categories, one for companies with annual revenues of less than $10 million and another for companies bringing in over $10 million a year.  These winners represent the high growth atmosphere of industries within Austin and the state of Texas.  Our Austin, Texas business startup attorneys explore some award winning companies in the area and discuss why Austin may be the perfect place for your new business.  


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Tuesday, June 5, 2018

Dissolving Your Partnership

How do I end a business partnership?

Business partnerships can fail for many reasons. Perhaps you and your partner no longer agree on the direction of the business or personal problems are affecting your partner’s work ethics. No matter what the reason for the business strife, there are ways to dissolve a partnership in a pain free manner. Our


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Thursday, May 10, 2018

Austin’s Sick Leave Ordinance Faces Challenge


Does Austin’s sick leave law violate the Texas Minimum Wage Act?

Recently, Austin passed a new ordinance that would require most private businesses in the city to provide employees with 64 hours of paid sick leave. The law is slated to start on October 1st, but now it is facing a legal challenge from a coalition of Texas businesses. The group seeks to overturn the bill by claiming it violates the state’s minimum wage act. Our Read more . . .


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