By Don White | Published May 15, 2020 | Posted in Business Law | Tagged Tags: choosing a business entity in Texas, LLC advantages in Texas, protections afforded LLCs in Texas | Comments Off on What Are the Advantages of an LLC Under the Texas Business Organizations Code?
What 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
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New Seller’s Disclosure Notice Protects Buyers of Flood-Prone Property
Potential home buyers should be aware that sellers are required to disclose certain information about their property, especially concerning defects and conditions that are not discoverable through the exercise of due diligence. In Texas, this notification is done by completing an official form called the Seller’s Disclosure Notice. Now, in response to recent instances of Read More
Read MoreSubject to Division? Community or Separate Property
When considering a divorce in Texas, the first concern many people may have is: how much of our “stuff” is the other party entitled to? In order to answer this question, you must first have a general understanding of how property is classified in Texas. In Texas, for purposes of property division, property is either Read More
Read MoreWhat is Condemnation?
Condemnation is the process by which a state, public utility, authorized private entity or federal entity takes private property for a public purpose. In doing so, the government entity exercises the power of Eminent Domain. With this power, a government entity can take ownership of private property if two conditions are met: 1) The land Read More
Read MoreHow to Deal with Borderline Personality Disorder
People with personality disorders often seem to have two personalities. They might be quite reasonable at work and with friends, then revert to dysfunctional, extreme behaviors at home. Personality disorders usually begin in childhood or adolescence, and while those around people with personality disorders wish they would change, it doesn’t happen without: 1) recognition, 2) Read More
Read MoreWhat is the “Service” in a Lawsuit and What Happens When it Goes Wrong
Service of process is the means by which a person named in a lawsuit is officially made aware of the existence of the lawsuit, and the need for them to take some action. The principals of “Notice and Opportunity” are inherent in people’s right to due process under the law, but what does that mean? Read More
Read MoreA Child Who Wishes to Determine Guardianship
During a divorce involving children, it’s fairly common for one parent to insist that their child wishes to determine custody matters and is further willing to speak with the judge about it. The question is: can a child make decisions regarding custody during a divorce? The simple answer is no… at least not really. Under 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 MoreCommercial Lease
We frequently advise commercial landlords who’ve finally found a tenant willing to rent their commercial space, or a business tenant who’s finally found the perfect location for their business. When entering a commercial lease, the landlord is thinking about rent checks finally resuming and the tenant is thinking about how successful their business will be. 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
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