You have completed your due diligence; you know the market and your product or service and are ready to take the plunge and start your business. You think you will use an LLC but are not quite sure what that means. This piece will help provide basic information to...
Lufkin Legal Blog
What should I know about selling timber in Texas?
The Texas A&M Forest Service released a report noting it expects timber needs to increase based on US Census Bureau data. This data points to a rise in demand for new, privately-owned housing developments. The completion of these developments require many...
3 tips to recession proof your business
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...
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...