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The simple answer to this question is, "yes." Every limited liability company should have an operating agreement. Just because a Texas LLC only has one member and owner does not mean that this document does not serve any purpose. In fact, it is just as important as it...
Texas entrepreneurs who are interested in purchasing a business in the oil and gas industry are wise to conduct thorough due diligence before finalizing the transaction. The first phase generally involves gathering data. The selling party often has a sales brochure...
Starting a business commonly means having to jump through various hoops before having a fully operational business. If individuals try to sell products or perform services without complying with the necessary state regulations, they could end up in serious trouble. As...
Texas convenience giant 7-Eleven recently announced the acquisition of another big player in the convenience-store arena, Speedway. The business, headquartered in Dallas, invested a large sum into the deal. Even though the deal is one that involves billions, $21...
It's virtually impossible to run a business single-handedly. As a Texas company grows, owners often need help from employees and outside parties to handle tasks that they cannot realistically handle on a day-to-day basis. Often, owners will enter into contracts with...
Estate plans are important legal tools that help guide the distribution of your assets. These documents require a review and an occasional update. Common events that trigger the need to review an estate plan include a birth or death in the family, marriage or divorce,...
Water is a precious resource. Lawmakers recognize its uniqueness and have passed numerous laws to protect it that impact the actions we take around waterways. These laws affect everyone from individual developers to states as a whole. Big water issues: Cases likely...
At times, Texas companies can feel that it is necessary to make major business moves. In some cases, that could involve merging with or acquiring another company in order to obtain useful benefits, like assets or growth opportunities. However, making such a major move...
Traumatic brain injuries are the result of violent hits and jolts to the head or body. These often happen in serious car accidents or falls. While some injuries, like broken bones, can generally heal within a few months, a traumatic brain injury can have implications...
An estate plan is beneficial for many reasons. For example, these plans can help you to transfer assets according to your wishes and provide an opportunity to review your estate. When you take the time to review your estate, you may realize that it is vulnerable to...
