By William Scazzero | Published June 20, 2024 | Posted in Business Law, Business Litigation | Tagged Tags: business entities, Legal Documentation, Litigation | Comments Off on Dissolving 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
Read MoreWhen 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 MoreClients often ask, “Can they sue me for this?” The answer is always, “yes, they can file a lawsuit for anything; that doesn’t mean they can win.” In business and in life, people find themselves in conflicts, and often times threats about suing are thrown around. People tend to have an expectation that getting sued Read More
Read MoreA common question clients ask after being sued is, “What could I have done differently to have avoided a lawsuit?” At the outset of a lawsuit, a careful plaintiff will consider the answer to three questions: Can I prove the Defendant is liable? – Simply put, was the Defendant in the wrong? It could be Read More
Read MoreNothing conveys the American Dream much more than owning your own business. To some, there’s nothing better than having the ability to call your own shots and be the head of a company or organization. However, it’s highly important to make sure you have all your ducks in a row from a legal standpoint to Read More
Read MoreSometimes family members or close friends will be in need of some assistance, and ask for a personal loan. It is important to understand that a loan to another person is a contract, and Texas law has rules governing contracts. Becoming a lender for someone is typically a bad idea when that is not your Read More
Read More“I’m done with this! I just want to sue him,” the client says over the phone, “I’m just done.” I reply that we can get everything underway for the litigation, but that it takes time. People who feel that they have been wronged are interested in justice for themselves. There is an understandable frustration, and Read More
Read MoreStarting a business can be an exciting-yet-scary venture in life. There are so many different factors to consider during the start-up process that go beyond simply picking out the perfect name, office space, equipment and amenities. With a multitude of loose ends to tie up, decisions to make and documents to sign, it’s not unheard Read More
Read MoreTale of Two Businesses (A Business Parable) Two entrepreneurs went to visit an attorney’s office. One was named Joe Pennypincher, the other was Patrick Preparedman. They each wanted to start a business and needed documents drawn up. At each of their consults, the attorney explained how he would go through and get the important factors Read More
Read MoreWhen I was young, my father told me to never get into a 50/50 ownership arrangement with your business partner. Now that I’ve grown into an attorney who sometimes deals with these businesses, I thought it might be useful to talk about some of the ways to avoid a 50/50 situation or some considerations that Read More
Read More