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Three steps for businesses facing a lawsuit

At some point in time, a business owner may face a lawsuit. This suit could be the result of any number of things such as an employee who alleges employment law violations like discrimination or harassment, a client who has issues with the business' products or services, or a slip and fall accident involving a member of the public.

Whatever the reason for the lawsuit, it is important to respond. But how? The exact plan will vary depending on the details of the allegations. However, in most situations these first three steps will apply:

Non-competes & clickwrap: Will they survive a legal challenge?

Clickwrap agreements result when a user clicks a button or checks a box to confirm that he or she accepts the agreed upon terms. Businesses often use these contracts for those who are setting up an email account, using an online banking system or purchasing a product through the Internet.

Like all things in the legal world, this area of business law has evolved. Employers are now using clickwrap agreements to help manage employment contracts. Disputes have resulted, including a recent disagreement about the power of a restrictive covenant.

Braden Burgess joins corporate transaction section

We are pleased to announce the addition of Braden Burgess to the corporate transactions section at Stephenson Fournier. Mr. Burgess works with a wide range of businesses, from sole proprietors to multinational companies. He guides clients in  corporate transactions including mergers and acquisitions, equity financings, and tax strategy and planning, as well as a wide range of contracts such as employment agreements, buy-sell agreements and master service agreements.

What happens when a business partnership stops working?

Starting a business involves a lot of financial and “sweat” equity. Time, effort and money are all needed to get a new company up and operating. Lots of businesses look to divide that work among different partners, capitalizing on each person’s strengths.

This can be a great way to get a business off the ground, but what happens when the partnership becomes detrimental to business?

Starting a business? Watch for these 4 federal tax obligations.

Savvy business owners know the importance of a well thought out business plan prior to starting their venture. One specific area to carefully plan for: tax obligations.

Business owners: Prepare for these four tax bills

Four financing options for commercial real estate transactions

Commercial properties are available and the market is strong. A recent report by the National Association of Realtors (NAR) finds commercial investment sales were growing throughout 2018. The report also notes that those who enter this market rarely have problems filling their leases. This fact, along with the reality that the commercial real estate market is generally big enough to withstand fluctuations the residential market cannot, may combine to signal a green light for many to move into the commercial real estate market.

Two lessons every business can learn from the Sears bankruptcy

Sears is a retail icon. The department store giant was one of the first in the industry and has been in business for over a century. It began as a store that operated solely on sales from catalogs and morphed to be a founder of the brick and mortar style of retail sales.

Sears has faced financial struggles over the past few decades. Sales went down, debt mounted and the company ultimately filed for a Chapter 11 bankruptcy. This form of bankruptcy is designed to provide the possibility the store can survive the petition and continue operations.

Well-written leases can help your commercial property stand out

As Houston continues to grow, the real estate market is booming right along with it. While this is good news for property buyers and owners, years of oversupply mean the market to attract commercial tenants continues to be competitive.

One aspect of a rental that many landlords do not consider is their lease. A well-made lease may be the advantage you need to get a leg up on the competition for tenants in commercial rental spaces.

Environmental concerns and commercial real estate deals

Environmental regulations can impact real estate transactions. As noted in a publication in the Southwestern Law Journal, these regulations can result in restrictions and liabilities that stick with the property after a transaction is complete.

As such, entrepreneurs are wise to consider environmental issues like potential restrictions and liabilities before moving forward with a commercial real estate transaction.

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