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In today’s challenging environment, no one wants a costly business dispute taking their time and attention away from keeping their business operating. Worse would be litigation, which can be expensive, time-consuming and uncertain. One way to resolve business disputes...
As your business works to get through these hard times, you may wonder if you have structured your company in the most advantageous way. The question requires attention to the same issues you originally considered: your management style, your taxation preferences, and...
For the first time since the Great Depression, the federal reserve will be lending directly to some companies through its Main Street Lending program. The idea is to target businesses that were successful before the pandemic but which are now struggling. And, the...
These days, many business owners are struggling. That does not mean that your business has no value. Even with setbacks caused by the lockdowns and COVID-19, your business could have a great deal of value to the right person. If you can keep it viable or close to...
Yes, as long as you’re not doing it to commit a fraud on those creditors. In periods of economic turmoil, we often see an increase in litigation by people and entities that are trying to regain some ground or who have the right to claw back ill-gotten gains. There are...
If your insurance claim has been unfairly denied, delayed or underpaid, there is a chance this was the result of bad faith on the part of the insurance company. If it is, in Texas you could be eligible for treble damages (three times your actual damages). Bad faith is...
With a global pandemic underway, a lot of companies are requiring their employees and/or customers to sign liability waivers in case they get COVID-19. Should your business do this? Consider that your liability for COVID-19 exposure is unclear, especially if you...
In times of economic uncertainty, some contracts inevitably go unfulfilled. For example, recent lockdowns or closed borders may prevented you from fulfilling your contractual obligations. Obviously problematic, but not necessarily an emergency. Force majeure You may...
It probably goes without saying that the health crisis we have witnessed for the past few months is an unprecedented challenge with which businesses need to cope and eventually overcome. With commercial activities slowing down, in Texas and across the world, many...
If you’re using what should be your operating capital to pay down a commercial real estate loan, you may be concerned that you are facing foreclosure or even bankruptcy. But there are ways to resolve a commercial property loan outside of foreclosure or bankruptcy....