As a restaurant owner, signing a commercial lease, particularly a long-term triple net lease, requires careful consideration. This type of lease can significantly impact your business's profitability and future growth. Ultimately, you have to make decisions that are...
Lufkin Legal Blog
Should you consider taking business funds from angel investors?
Many entrepreneurs have innovative business ideas with the potential to generate great profits but don’t have enough money to launch a company. Taking on investors seems like a logical means of raising startup capital. For example, high-net-worth individuals,...
Is home appraisal during purchase really necessary?
A home purchase is, without a doubt, the largest transaction most people will ever get into. It doesn’t matter if you are buying a family home, a vacation home or an investment, a home purchase is a huge undertaking – financially and legally speaking. As such, it...
Why good contracts are essential to your business goals
Starting a business can be exciting, as you get to execute the ideas you are passionate about. In your earliest days, you may have operated mostly on “handshake deals” and verbal agreements, but that’s not something that you should continue. You need written contracts...
Business formation and asset protection: A primer
Those who are savvy enough to start their own business likely have enough business acumen to know that certain liabilities come with owning a business. There are steps that business owners can take to reduce this risk. When used wisely these steps can mean that...
How do I choose a power of attorney for my estate plan?
A power of attorney (POA) is an important legal tool to include in your estate planning toolbox. This tool allows you to control who makes decisions on your behalf in the event you cannot. This need could arise for any number of reasons from a tragic car accident that...
Three things to know about Texas mechanics liens
There was a time when a handshake was all that was needed to solidify an agreement. Those in business could come to an agreement, shake on it and that was that. Unfortunately, too many people took advantage of handshake and similar agreements — failing to follow...
What can ice cream teach business owners about balancing integrity and innovation?
Entrepreneurs often start with a great idea for a product or service. This product or service is the backbone of the business. If successful, the business may consider expansion — but how do successful business owners take advantage of this opportunity without losing...
Trucks, fatal accidents, and the numbers
An accident between a truck and a car is more likely to lead to serious injury to those within the passenger vehicle. The reason involves physics, the force of motion that comes with the larger truck leading to more catastrophic damage to the smaller vehicle. The...
Water rights get national attention: Important lessons for Texas businesses
Water is a foundational need. Without this precious resource, we cannot survive. As such, it is no surprise that battles over water rights can get serious. In a recent example that has received national attention, seven states are fighting over their right to water...