Business owners throughout the country are weathering difficult times. Although the National Bureau of Economic Research (NBER) claims that we are not currently in a true recession, we cannot argue the fact that economic activity is not what we had hoped for and many...
Lufkin Legal Blog
Top tips to better ensure a successful business endeavor
The United States Bureau of Labor Statistics most recent data from 2021 states that 20% of all businesses fail during their first two years of operation, 45% close their doors within five years, and 65% within ten years. The agency reports that only 25% make it 15...
What are your estate planning needs as a business owner?
Owning and operating a business is a process that will take considerable time and effort. You may put most of your time into your daily operations, handling problems, speaking with clients and working hard to reach a certain level of success. You put the work into...
Three lessons from recent merger between Albertsons and Kroger
The Kroger Albertsons merger will result in a grocery store super giant with an estimated market value of over $47 billion. Kroger, one of our country’s largest grocery store chains has acquired various competitors in recent years including Ralphs and Mariano’s. The...
What are examples of unfair competition – and what can I do about it?
The corporate world can be ruthless, but it is also subject to the rule of law. Rival firms can compete for customers, but they have to do so in a way that is fair and above board. There are instances when competitors do not follow these rules. Some common examples of...
Insurance leaders call on truck drivers to put down their phones
Distracted driving is a problem for everyone, truck drivers included. Yes, truck drivers are professionally trained and held to higher standards than the average driver, but they remain just as likely to pick up a phone to check a text, take a call or scroll while on...
Three tips to help choose a trustee
Putting together an estate plan is important for many reasons. In addition to helping better ensure assets are distributed according to your wishes, the estate planning process can also help you reach your financial planning goals. For many, this can include the use...
Protect your loved ones by establishing a special needs trust
If you are the parent of a special needs child, you understand how important it is to ensure that they have what is necessary for the future. Providing for future needs could be one of your main objectives when creating an estate plan, and the specific tools you need...
4 basic provisions in a real estate contract to know before buying property in Texas
Real estate is arguably the largest transaction that we enter during our lifetime. As such, it is important to do a little research and have a basic understanding of how the process works and the legal documents that guide the transfer. When it comes to buying...
When should I update my employee handbook?
Employees are an important part of your company’s success. Without a strong workforce, your business is unlikely grow. One element that may help attract and keep quality employees while also reducing the risk of employment disputes is a practical employee handbook....