When a company changes its home state – also known as its domicile state – it is called “redomestication.” The process transfers the company’s charter to a different state from where it was legally formed. Entrepreneurs have many reasons for such a move, including...
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Business Law
Converting an out-of-state business to a Texas entity
Since the pandemic began, Texas has been the destination of choice for many businesses, particularly medium to large corporations looking to relocate to a friendlier state to do business. More than 60 big companies moved to the Lone Star State in 2021, and in June,...
What is the value of representations and warranties insurance?
Representations and warranties insurance (RWI) has become more common in Texas mergers and acquisitions over the past few years. During a negotiation, sellers and buyers make specific representations and warranties about past and existing facts. Both sides rely...
Are you under-represented?
Companies that do a great deal of business in Texas often need representation to negotiate contracts and ensure compliance. A company headquartered out of state or overseas may rely on their internal lawyers to do most of the “heavy lifting,” and look for inexpensive...
What effect will nurse shortages have on hospital profits?
It is no secret that the medical industry is extremely busy and seeing a significant labor shortage. While this is a historic moment, eventually, when pandemic hospitalizations slow, there may be a reckoning for medical industries over staffing. Handling future...
What to watch in 2022
The transition into a new year is always a good moment to reassess strategies for the last year and build for tomorrow. While savvy entrepreneurs are always on the lookout for new investments, the tumultuousness of the last few years can lead to some anxiety when...
What goes into a successful joint venture?
A joint venture is often appropriate for commercial enterprises of any industry, from developers coordinating on a project to overseas companies partnering with local businesses. Often competitors end up in a position where they must cooperate, which is not always an...
How will inflation impact your business in the coming year?
Each year, the value of the US dollar decreases somewhat due to inflation. The economic force of inflation fuels speculation and prices across sectors. This year inflation is higher than it has been in 30 years, and it may hurt businesses that struggle to adjust. The...
What opportunities will the new infrastructure plan bring?
On November 5th, Congress passed a new law promising investment into infrastructure across the country. At $1.2 trillion, there are many expected benefits and enhancements to come. Today, we will look at the bill and consider how the provisions will benefit businesses...
Is the next generation ready to lead businesses?
As your top-tier personnel ages, it is natural to look to younger people for replacements. However, there is growing concern among business owners that the next generations – specifically Millennials and Generation Z – are not ready for the responsibility. Are younger...