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Someone's fiduciary duty is as wide-ranging as their job description. Nevertheless, violating that duty can lead to severe consequences. Generally, it involves a legal or financial situation where an individual or business has a professional obligation to support the...
There are many benefits to owning a rental property, but perhaps it is time to sell. The first thought may be to sell the building as-is to another landlord. On the other hand, owner-seller may turn a more significant profit on their investment by converting the...
Individuals and businesses are often advised to pursue arbitration or mediation to resolve a conflict with a business partner. The reasons usually given include the cost of litigation, how long it takes to get a court date and the risk of losing. These are three valid...
Texas passed the Deceptive Trade Practices Act (DPTA) in 1973. Its main goal is protecting consumers against false, misleading and deceptive business practices. It can involve unconscionable actions that (intended or not) mislead or deceive the consumer. Some common...
Commercial debt collection involves more than hiring a collection agency. The process of collecting starts with the company that puts agreements in writing. Relying on a handshake or oral agreement may feel better, but a good contract and a paper trail make a...
Many find it desirable to add a rental property to their asset portfolio. It provides revenue not tied to the peaks and valleys of the stock market. Not only can it passively generate rental income and cash flow, but it ideally will also appreciate. There may be...
Business partnerships usually start with a sense of optimism. Unfortunately, not all partnerships are meant to be. When one partner leaves before the other is ready to shut it down, it can lead to more anger and frustration. This type of split can lead the abandoned...
Parents often go to great lengths to make sure they treat their children equally. So, it is no surprise that parents who own a business will often divide ownership equally among the children. While they appreciate the sentiment, some business experts believe passing a...
Business disputes are on the upswing in the Metroplex, often due to supply chain constraints. This has led a lot of companies to sue others for breach of contract. If you have been sued, talk to your business attorney about your specific situation. That said, here are...
If your company is found guilty of corporate misconduct, be prepared for the Securities and Exchange Commission to claw back any excess compensation handed out to the executives. The agency has announced that it plans to crack down on corporate wrongdoing, and...