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Eminent domain is a legal process that allows government entities to take private property for public use. When this happens, it is supposed to provide fair compensation. In Texas, eminent domain is used for projects like highways, schools and parks. While this can...
Establishing a business partnership can provide many benefits, such as expanding a company’s market, splitting ownership, expanding experience and increasing business opportunities. Any business partnership is established with a partnership agreement. This agreement...
Businesses providing goods and services do not always receive payment in full ahead of time. Frequently, organizations agree to accept partial payment or to bill for services and goods at a later date. They need written agreements or legal protections to prevent...
Navigating the world of entrepreneurship is a thrilling journey filled with opportunities and challenges alike. Your relationship with suppliers is one critical aspect that can make or break your business. As an entrepreneur, you know that timely and quality...
Creating strong business contracts facilitates clarity and legal compliance, but they are still prone to errors that can introduce costly disputes or litigation. One reason many business contracts contain errors is that entrepreneurs often assume a basic, reusable...
As a business owner, you need to be aware of the threat of phishing scams. These scams often target individual consumers but can easily be adapted to target your business. The goal is typically to deceive or manipulate one of your employees into providing sensitive...
You probably already realize that good employees are hard to find. Once you do find that unicorn, there is the long onboarding process, which includes background and reference checks, paperwork, negotiating an offer and then waiting for them to work out their notice...
Companies that operate in the aviation sector often provide services with partial payment or on a credit basis. They allow owners to delay payments for repair services, space at a hanger or fuel. Most of the time, airplane owners make good on their financial...
In these fraught economic times, it’s getting harder than ever to operate a small business. In fact, many Texas business owners are struggling to stay afloat and make payroll — let alone a profit. With these adverse conditions piling up, it’s easy to accrue debts you...
Running a business in Texas comes with a unique set of potential legal challenges, including the potential for business litigation. Understanding the most common types of business lawsuits can help you prepare and strive to protect your interests. Here are five...
