By Ryan Bennett | Published March 31, 2025 | Posted in Business Law | Tagged Tags: business owner, dissatisfied customers, sued | Comments Off on What to Do If You’re Sued as a Business Owner
What to Do If You’re Sued as a Business Owner
Lawsuits are an unfortunate reality of operating a business. Former partners, dissatisfied customers, or competitors may pursue legal action that disrupts your operations and adds stress to your life. After you dedicate countless hours of time, energy, and sacrifice to building your business, litigation can feel overwhelming. However, you must respond promptly and strategically. The Read More
Read MoreTexas, the “Friendship State,” is gaining recognition as a business-friendly haven.
Historically, many large corporations have chosen Delaware due to its robust business-friendly laws and dedicated Chancery Court (Business Court) system. However, recent trends have seen companies like Tesla and SpaceX relocating their incorporations to Texas, with some, such as Meta, contemplating the move. Let’s delve into the reasons behind these companies’ shift and explore why Read More
Read MoreDissolving a Business Partnership
What do you do when you and your business partners just cannot make it work anymore? A business is very much about relationships, but unlike a marriage where there is only one way to legally dissolve the relationship, when it comes to a business in which you might have partners, members, co-owners or shareholders, there Read More
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Court Rules Old Friendship Does Not Equal a Fiduciary Relationship
A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties. The fiduciary must place the interests of the other above his or her own. This type of relationship can exist between a trustee and a beneficiary, a financial adviser and a client and other contexts Read More
Read MoreWhy a Buy-Sell Agreement is Essential for a Small Business
Whether you’re starting a new business or are fully engaged in running one, it’s vital to plan ahead for what happens to the enterprise when you or one of your co-owners retires, becomes disabled or passes away. Creating an agreement that provides for such contingencies can help you ensure a smooth transition that avoids business Read More
Read MoreWhat Are the Advantages of an LLC Under the Texas Business Organizations Code?
Entrepreneurs forming a business must decide which type of organizational structure best suits them. There are several types of business entities recognized under Texas law, among them partnerships and corporations. A third type — the limited liability company, or LLC — combines elements of both, in that it is subject to lesser regulation than corporations Read More
Read MorePiercing the Corporate Veil
Generally, the individuals who own and run a company are not liable for the acts of the corporation. Veil piercing is a way around this. Veil piercing typically involves multiple parties and multiple claims and can be a complex and confusing theory of liability. Nonetheless, a few key concepts can assist the decision maker in Read More
Read MoreBusiness Divorce
What do you do when you and your business partners just can’t make it work anymore? A business is very much about relationships, but unlike a marriage where there is only one way to legally dissolve the relationship, when it comes to a business in which you might have partners, members, co-owners or shareholders, there Read More
Read MoreQuantum Meruit: Recovering on a Contract When There Is no Contract
When two parties enter into a contract for goods or services, the parties generally create a set of responsibilities to one another. Each side is obligated to perform their part of the contract in exchange for the performance by the other side. A contract that would be upheld by a court is called an enforceable Read More
Read MorePossessory Liens: Enforcement and Collateral Recovery
The Texas Legislature has enacted possessory lien statutes in the Texas Property Code to protect service providers who perform work on personal property such as motor vehicles, boats, and aircraft. This article is limited to the liens available to service providers who repair, tow and store motor vehicles. The purpose of this article is to Read More
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