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Business Law

Friday, September 20, 2019

What Are the Benefits of a Sole Proprietorship?


Setting up shop on your own can be a daunting prospect. A sole proprietorship is a business that is owned and managed by just one person. While more than one person may be helping with business operations, the business is still owned by a single individual.
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Monday, September 9, 2019

Non-Disclosure Agreement


Oftentimes, a business has valuable information that is confidential. A business may have a manufacturing process or sales technique that they wish to safeguard and protect from others outside of the company using. These are commonly referred to as “trade secrets.” 

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Thursday, August 8, 2019

“Save Chick-fil-A” Bill Signed into Law by Texas Governor


Austin Business Law Attorney

The successes, failures, and challenges of a business can be caused by many different things. Sometimes the core values of a business or those who own and manage the business help promote the popularity of a business. However, sometimes they cause some contention and negative publicity. 

For instance, the ever popular Atlanta-based fast food chain, Chick-fil-A, has made the news several times regarding the religious ideals held by the company founder, Baptist S. Truett Cathy, and his son, Dan Cathy.
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Wednesday, July 31, 2019

What Is the Difference Between a C Corporation and an S Corporation?


Selecting a business structure is one of the most important steps that an entrepreneur takes when beginning a business. Because the type of business structure chosen for the company impacts many important aspects of operating a business, many individuals and groups seek the advice of a Texas business law lawyer. An attorney can help you evaluate your company’s needs and goals to determine which business structure best meets your needs.

Why is a Business Structure Important?

The type of entity you choose for your business impacts many of your day-to-day operations. Some of the areas directly influenced by the type of business structure you choose for your company include, but are not limited to:

  • The amount and type of taxes paid by the company;
  • Your personal risk level;
  • The ability to raise capital;
  • The ease of adding additional owners or selling a portion of the company;
  • The paperwork required to comply with state and federal laws;
  • The number and types of owners permitted; and,
  • Your ability to control future operations and decisions.
    Read more . . .


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:


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.


Read more . . .


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.
Read more . . .


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.
Read more . . .


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