As a small business owner, you want to protect all the work and time you invested in your venture, and contracts help you accomplish that goal. Must you draw up a contract for every employee you hire? Chron explores the definition, pros, cons and alternatives to...
Business Law
What are red flags in business mergers?
To take your business to the next level, you want to join forces with another company. If this represents your first merger, you deserve to know how to protect your entity and business interests. Inc. explores several signs that a business merger could end in...
Why should you avoid litigation?
As a business owner, you understand that business relationships serve as one of the most important aspects of building your venture up. Without these crucial ties, you will likely not succeed in the market. But with partnership comes the possibility of getting into...
Can arbitration work for your dispute?
No one wants to get into a business dispute with a partner, but it is better to have a plan in place for these scenarios than it is to blindly hope no disputes ever happen. After all, even the smallest disagreement can eventually boil over into something heated if...
Is an LLC right for you?
As an aspiring business owner, you must decide what business formation you wish to go with before all else. Corporations have their benefits, but they do not suit every person's goals or style of running a business. Consider taking a look at limited liability...
Negotiating a favorable commercial lease renewal
A commercial lease often lasts a good deal longer than a residential one, so it is particularly important that your lease terms meet your needs. When your commercial lease comes up for renewal, it gives you a chance to renegotiate its terms if your existing...
How can you protect your business against claims of discrimination?
Lawsuits against businesses for alleged discrimination are commonplace across all industries. Even businesses that did not have any intent to discriminate or commit any type of wrongdoing could face this type of claim. Business owners and managers should familiarize...
What is a division order?
If you are new to energy ownership, then it is time to learn some professional jargon. One of the first things you want to know about would probably be an oil and mineral rights division order. When you want to make money on your mineral rights, the division order is...
How do I protect my business’s private information?
Texas residents running a business or about to start a business should know the value of ideas and information. For their ideas, products and services to retain a profitable edge, it is essential that they retain a competitive edge. To achieve that, those ideas need...
The essential elements of a buy-sell agreement in Texas
Small business owners in Texas must plan for many contingencies to protect their company and its assets. One of the most disruptive events in the life of a closely held business is the decision of one or more co-owners to leave the company. Such a decision can cause...