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Friday, October 27, 2017

The Challenges of Small Business Ownership

How will owning a small business impact my life?

Running a small business can prove challenging for even the most prepared new business owners.  While most small businesses will survive their first year, many fail to make it in the ensuing years.  If you are considering launching your own small business, take a look at some of the basic challenges facing small business owners below.
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Tuesday, September 26, 2017

Texas Businesses Struggle to Rebuild After Hurricane Harvey


Is financial assistance available to help my business recover after a disaster?

Hurricane Harvey struck the state of Texas on August 25, 2017.  This destructive storm brought over 40 inches of rain to areas in Texas, causing massive flooding.  Hundreds of thousands of homes were flooded in the storm, displacing over 30,000 people.  Businesses across Texas suffered tremendous flooding and loss of business damages.  It is estimated that the costs of Harvey could mount to over $30 billion.


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Friday, August 25, 2017

Forming a Corporation for Your New Texas Business


How do I form a corporation in Texas?

Selecting a business entity for your new venture is a critical step.  While there are several potential business structures to choose from, corporations have long been one of the most popular business entities.  If you have determined that a corporation is the right business structure for your business, you will now need to take the appropriate steps to form your corporation.  Our Read more . . .


Sunday, July 23, 2017

Knowing How to Sell Your Small Business in Texas


How do I get my business ready for sale?

Selling your business can be just as complex as developing it.  If you are considering selling your small business in Texas, it is important that you understand the sales process, how to prepare for the sale, and how you will exit your business.  Selling your business when the market is high can bring you tremendous financial reward, but the sale needs to be carefully conducted so as to ensure you receive a fair sales price.  Our


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Sunday, July 16, 2017

Texas Businesses Form Coalition to Protect Trade Between U.S. and Mexico


How might Texas business owners be affected by the renegotiation of NAFTA?

As the United States and Mexico seek to renegotiate the North American Free Trade Agreement (NAFTA), Texas business owners are taking their own steps to ensure trade between the U.S. and Texas remains strong. Several of Texas’ large business associations have formed a coalition aimed at protecting trade between the U.S.


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Thursday, June 22, 2017

Texas Ranked One of Best States for Business


What makes Texas an attractive place to open a small business?

For the third straight year in a row, Texas has topped the rankings as the best place for business, according to the Chief Executive magazine’s Best and Worst States for Business survey.  The rankings reflect the opinion of CEOs, which are a driving force behind the location of businesses.  The most recent rankings place Texas in the number one spot, with Florida and North Carolina next in line.  The worst states include California, New York, Illinois, and New Jersey.  Our


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Monday, May 22, 2017

Small Business Owners: Be Sure You Understand These Four Laws


What employment laws should I be aware of as a small business owner in Texas?

Small business owners in Texas face numerous challenges.  In addition to attracting customers, fine-tuning their product, and driving profits, small business owners need to make sure they abide by several important federal and state laws.  Employee laws impact what employees must be paid, how long they can work, and much more.  Our


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Thursday, April 27, 2017

Your Guide to Purchasing a Business in Texas


What do I need to know before buying an existing business in Texas?

Starting a business from scratch can be challenging and comes with considerable risk.  Rather than building from the ground up, many entrepreneurs elect to buy an existing business.  Purchasing an existing business has several advantages, but it is critical that new business owners obtain the assistance of an experienced Texas business law attorney to protect their legal rights during the buying process.  Our


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Sunday, February 26, 2017

Lubbock Becomes the Franchise Capital of Texas


What steps should I take if I am considering opening a franchise?

Franchise businesses are booming in Lubbock, Texas and across the state.  In recent years, entrepreneurs have flocked to Lubbock to open a wide array of franchises.  Well known businesses like Dunkin’ Donuts, Panera Bread, Baskin-Robbins, and BurgerFi are experiencing success in the region, despite initial concerns from national franchise corporate owners.  As a smaller city, some franchise owners were reluctant to open locations in Lubbock, but attractive real estate prices and a strong customer base have leant themselves to franchise success.  


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Monday, February 13, 2017

Protecting Your Business Name in Texas


How can I protect my business name through trademark law?

Your business’s name is of critical importance to your company’s success.  Your name identifies your brand and signifies your reputation.  If another company opens a business with a similar name, it could confuse customers and negatively impact your profits.  


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Tuesday, January 31, 2017

Texas Court Rules Employees on FMLA Leave Cannot Receive Unemployment Benefits


How could the Texas appellate court’s ruling impact my company policies?

Texas’s Second Court of Appeals recently examined an issue of first impression—can an employee who is taking leave under the Family and Medical Leave Act (FMLA) obtain unemployment benefits under the Texas Labor Code?  In a favorable holding for employers, the Texas court held that no, an employee cannot simultaneously receive FMLA and unemployment benefits.  The case clarifies an important issue for employers and speaks to the importance of drafting concrete company policies set out in a comprehensive employee handbook.    



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