A limited liability partnership – commonly abbreviated as LLP – is a business structure wherein two or more people form a partnership and work together while limiting their personal liability to their investment in the business. In this post, we have answered the most commonly asked questions about limited liability partnerships in Texas. How Does [...]
As a business owner, you might have to deal with legal disputes and challenges from time to time. If and when it happens, it is essential for you to have an experienced Austin, Texas business litigation lawyer on your side throughout the entire process. An experienced lawyer can fight on your behalf, provide you with [...]
Every business lawyer should know that the law is a complex and ever-changing body of rules, regulations, statutes, case law, and precedents. The legal system has been evolving since the beginning of civilization. There are laws today that govern almost every aspect of our lives and how we interact with each other. For business lawyers, [...]
The legal system has always been complicated, especially for small businesses. There are several law areas that can apply to small businesses, such as employment law, intellectual property law, tax law, contract law, etc. To stay compliant with these regulations and to have an expert on your side, you need to hire a good business [...]
Deciding on a structure for your business is one of the most important decisions you will make. Each structure — sole proprietorship, general partnership, corporation, limited liability company, limited partnership, and limited liability partnership — comes with its own issues regarding taxation, liability, management, and transferability of ownership interest. Consulting with an experienced business lawyer [...]
A contract is a legally binding document that outlines the responsibilities and duties of each party involved in the contract. Once the contract is signed, it is binding. Failure by either party to uphold the terms of the contract is considered a breach of contract. Unfortunately, contract breaches occur quite frequently, especially in the business [...]
Are you in need of a business attorney? Whether you’re starting your own business, entering into a business merger, or you have any other business-related legal matter, you need a knowledgeable, experienced business attorney. Business law can be complicated depending on the situation. It’s important to ensure that you and your business are legally covered [...]
When you’re about to start your own business, one of the most important considerations to make is how you should structure it in order to protect your personal assets. Without this protection, your business could be sued or face bankruptcy and you would stand to lose your personal property as a result. Here’s what you [...]
If you’re a small business owner, the decision to set up your own LLC is a big milestone—but it’s also one that can be fraught with anxiety. So many people who own their own businesses have a passion for what they do, but grappling with the accounting and legalities isn’t exactly in their wheelhouse. Here [...]
A number of my esteemed colleagues have suggested the government’s actions in ordering businesses to be shut down equates to a regulatory taking. As all of us are aware, the COVID-19 virus has caused emergency shut down of almost everything including bars, restaurants, offices, etc. - basically anything where citizens frequent. This is obviously causing [...]