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...
Lufkin Legal Blog
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...
Protecting your legacy from the risks of an estate dispute
An estate dispute can wreak havoc on your legacy, undermining your plans and diminishing your assets. While you cannot control what happens after your death, you can take steps now to prevent discord later. Some careful planning on your part may encourage respect...
How the law protects intellectual property
For most businesses, intellectual property (IP) is an essential part of day-to-day operations – and their most valuable resource. However, as IP is often intangible property, protecting it is not always an easy task. This was especially difficult in the past. Today,...
The critical documents to include in an estate plan
Planning for the future requires one to consider his or her long-term interests, potential future medical needs and what should happen to personal assets after passing away. These can be difficult and potentially complex issues, and you will benefit from carefully...