Opening a new business is the culmination of a great deal of planning, much of it around securing financing and investors. There is a strong chance that your potential investors will require proper risk management before taking the leap. That means finding the ideal...
Business-Minded Legal Solutions
Business Transactions
Automatic renewal clauses: don’t trap your company in an unwanted business relationship
Virtually all of us deal with contracts on a regular basis – from rental leases to employment agreements. One feature that has become increasingly common in many contracts – particularly for subscription services – is the automatic renewal clause. This is a provision...
2020 dings Texas oil and gas industry, but indicators hint at rebound
From our vantage here in Texas, we often look to the oil and gas industry for insight into the health of the greater economy. Oil and gas is a driving force here and the sector materially influences not just our state, but also countries and economies around the...
80% of S&P 500 companies are exceeding analysts’ expectations
The pandemic has changed everything for many businesses. However, some businesses are doing surprisingly well. Wall Street analysts say that strong businesses have been getting stronger, while others continue to suffer. Interestingly, 80% of businesses listed on the...
5 key industries for post-COVID recovery in Texas
With COVID-19 cases increasing across the U.S., many states are pausing their economic recovery plans while leaders contemplate new or increased measures to restrict the virus’s transmission. Leaders in the Lone Star State continue to work on measures to protect...
Business applications surge across U.S. during pandemic
According to a new report from the U.S. Census Bureau, entrepreneurs filed more than 1.5 million applications for Employer Identification Numbers during the third quarter of 2020 – a more than 77% increase from the second quarter. What some consider even more...
When is it a good idea to seek a business partner?
Deciding whether to move forward with a business partnership is among the most important decisions you can make as a business owner. For some, a partnership may not be a good idea. For others, a partnership may give their business the propulsion and strategy it needs...
Benefits of a sound business succession plan
For many successful business owners or partners, the thought of stepping down hasn’t crossed their minds, especially when retirement is still a long way off. The same is true for choosing the right person to take over. That’s understandable, as growing a company’s...
Timeframes, due diligence and merger reviews in Texas
Mergers between companies in Texas and other states could take several months or over a year to complete. A successful transaction generally requires a thorough review of each party's existing business, product lines and debts. Companies negotiating a merger could...
What do most employment contracts miss?
Employees are a valuable asset. In many businesses, they are the most valuable asset. In some industries, employment contracts are normal and expected. They can be beneficial to an employer if properly constructed. While your employee gets certain protections for...