Category: Business Transactions

​​Texas has recently taken a significant step in reshaping how companies can govern themselves. With the passage of SB 29, the Texas Business Organizations Code now permits certain business entities to expand, restrict, or eliminate fiduciary duties owed by managers, members, officers, and other key decision-makers. For many companies, particularly LLCs and limited partnerships, this…

​​Texas companies with mineral interests in other states need to be aware that Texas law may not govern a disagreement concerning those holdings. Depending on the essence of the disagreement between parties, a Texas court may lack jurisdiction to rule on the matter. Courts have limitations on the types of matters they have legal authority…

​​Texas has been known as a business-friendly state for decades, and many entrepreneurs from Silicon Valley are now choosing to move their startups south to the Lone Star State. With wide open spaces and an absence of personal income and corporate income taxes, Texas has become the latest hot spot for tech companies looking to…

​​The COVID-19 pandemic, more commonly known as the coronavirus, has changed the face of business operations forever and has left many business owners wondering how to push forward with contractual relationships they had in place before this crisis. The virus continues to infect people around the world and has caused significant disruption to the global…

​​Starting your own business can be incredibly exciting. However, it isn’t all fun and games. There are many important decisions that must be made at the very beginning of an entity’s lifespan, such as how it will be capitalized, who will hold management authority, how the entity will be taxed and who will be liable for its contract, tort, and statutory obligations. One of the most important decisions business owners make is determining the type of entity for their business.