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Deciding on the right legal structure for a small business is a consequential decision-making process that can significantly impact its financial health, liability and daily operations. As such, it should be approached with care. While many small businesses opt for...
The majority of employees in the United States are at-will employees. As a business owner, if you hire employees under at-will employment laws, you need to know that they can quit whenever they want. They don’t have to give you two weeks' notice. They don’t even have...
Running your own company is a dream for many. It can offer freedom and the chance to make a lot of money. However, it can also be a lot of hard work, a lot of stress and a real drain on your finances. So, it is no wonder that many people consider taking on a business...
Limited liability companies (LLCs) have become popular for businesses in Texas because they offer flexibility and protection to their owners, known as members. This structure is particularly appealing for small to medium-sized enterprises looking to balance business...
Fraudulent transfers are a real risk and can lead to hefty losses for businesses and individuals alike. However, by subjecting transactions to due diligence, creditors can significantly mitigate the risk of falling victim to fraudulent activities. One of the ways to...
Securing the right insurance coverage is as important for a business as it is for the head of a household. Those helping start or operate companies may require a variety of different types of insurance coverage. For example, companies that make their facilities open...
In many cases, a contract breach means that goods or services were never provided. For instance, a general contractor may have hired a roofing company to put a roof on a new build, but the company never shows up and doesn’t complete the project. They have violated...
Noncompete agreements are legally binding documents that employers sometimes use with their employees. If an employee signs such a document, they’re saying that they won’t leave their position to take the same job with the competition. In some cases, they’re also...
No business owner wants to take time and money away from their company to go to court. When a competitor or other business acts in a way that violates the law and is harmful to your business, however, you can’t let it stand. Fortunately, there are typically steps you...
If you’re passing your business on, it’s important to carefully consider how you want to do so. Business succession planning is, in some ways, very similar to estate planning. As you seek the best results for your family and your business, it’s wise to have a plan in...