Picking the Right Structure for Your Business

As we noted in our last post, there are four main business structures to choose from when starting a business in Texas. How do you decide which one is best for your business? According to the IRS, no structure is any better than the other, however, there are significant benefits and disadvantages to each one which will vary based on your needs. Working with an experienced business attorney will ultimately help you to determine how to establish the correct structure. Here are some things to … [Read more...]

Selecting a Business Structure in Texas

Before starting a business, it’s important to determine the organizational structure. The structure you choose will not only affect your overall business strategy, but will also dictate taxes and other liabilities. There are numerous financial implications to consider with each business structure; therefore it is recommended that you consult with an experienced business attorney in order to determine the best structure for your business. In Texas, there are four main business structures to … [Read more...]

Establishing a business partnership

When planning to start a business in a partnership with another person, it is important to meet with an experienced attorney to draw up a written partnership agreement. This step is vital no matter who your business partner is. Strong friendships or personal connections are not enough to overcome the many obstacles that businesses face. Make sure that you are protected and get a written agreement. The Agreement The written agreement will help to clarify three key areas: compensation, exit … [Read more...]

What is a Living Will?

A living will is a legal document which informs your loved ones and medical staff of your wishes for treatment in the event that you are injured or diagnosed with a terminal or irreversible condition. Also known as a physician’s directive or an advance directive, once a living will has been executed it should become part of your medical record so that any health care professionals who treat you will be aware of your wishes for care. Your living will only takes effect in the event that you are … [Read more...]

Starting a Business? Hire an Attorney.

During the start-up phase, many prospective business owners wonder if they really need to hire an attorney.  They may be intimidated or worry about the costs. However, starting a new business, or even expanding an existing one, can be complex. Hiring an attorney is crucial and it means that you have given your business the best possible start without worries about possible legal missteps that could hinder future development. Having an experienced business attorney helping you along the way means … [Read more...]

Do I Need a Civil Trial Attorney?

The process involved in filing a lawsuit can be complicated. Hiring an experienced and knowledgeable civil trial lawyer or civil litigation attorney means you will have an expert that can help to guide you through the process and protect your interests. What is a Civil Trial Attorney? Civil trial attorneys assist their clients with bringing civil matters to a court of law for resolution. Civil matters are disputes between two or more parties and do not entail criminal charges. These cases … [Read more...]

When Do You Need an Employment Lawyer?

Employment lawyers can be helpful in navigating the complexities of an employment relationship and can help to ensure that the rights of both employers and employees are protected in the workplace. If you have questions as an employer or an employee, it is wise to seek an experienced employment lawyer who understands the laws governing employment in Texas and beyond. Employers For employers, the advice of an experienced employment lawyer can help you to save time and money, ensure that … [Read more...]

Estate Planning Basics

What is Estate Planning? Estate planning is the process of deciding what will happen to your estate – all of the things that you own or are responsible for – after you pass away. And while the word estate might conjure images of massive properties and holdings, the truth is that everyone has an estate and everyone needs a plan. Your estate encompasses things like your house, real estate holdings, cars, checking and savings accounts, furniture and other possessions, life insurance, and … [Read more...]

Listening to Your Gut in Difficult Situations

Disputes between people or businesses have a life cycle. When a client asks our help in resolving a conflict, we always hope that it is early in the life cycle. We hope it is before a lawsuit has been filed, before the parties have terminated all their business relations, or ceased having civil communications. Earlier there are many more choices to resolve a problem at a lower cost with less collateral damage, fewer complications. While there is still time to cure your tiny default under a … [Read more...]

Good Fences Make Good Neighbors

Starting a business venture with a friend or group of friends has been a common practice for some time. Friends usually share common goals, values, and interests – so a business venture can often feel like a natural extension. Many successful companies in existence today were created by friends – Google, Twitter, Ebay, Ben and Jerry’s Ice Cream, Hewlett-Packard, and Microsoft, to name a few. … [Read more...]