Many businesses require loans, either to get them off the ground or to expand their operations. Business owners know that they can be profitable, but they need startup money to get the company going. Once they do, they hope that the business will bring in enough...
Lufkin Legal Blog
What is a 1031 exchange and how can it benefit investors?
As a real estate investor, it’s generally a good idea to find ways to maximize your profits in the most efficient and effective manner possible. Some investors opt to use what’s known as a 1031 exchange as they build and finetune their portfolios to meet their goals....
Can I exclude my child from my will?
Not everyone wants to leave their children something when they die. In Texas, you are under no obligation to leave your kids a dime, unless they are still minors when you die, in which case they have a right to some of your estate. So, assuming your kids have already...
What do you need for your estate plan? 4 places to start
An estate plan can help ensure your last wishes are met after you pass away. The majority of your estate plan will be about instructing how your assets should be handled. However, there are a few more things you can do with an estate plan. If you are just starting on...
Considerations when putting a business succession plan in place
If you own your own business, a succession plan needs to be part of your estate planning. Unlike most elements of an estate plan, however, a succession plan may be implemented long before you pass away. You will likely either want or need to retire one day, so it’s...
2 factors that contribute to semitruck crashes
Semitrucks are a common sight on interstates and in cities. These very large and heavy vehicles transport goods all across the country, but that convenience comes at a risk. Because of the size and weight of these vehicles, they can be hazardous to others on the...
Is a franchise right for you?
Starting your own business is a major decision for anybody – and one of the primary choices entrepreneurs face is whether to become a franchisee or build their enterprise from scratch. Each option can be viable, but there’s no denying the allure of becoming a...
The startup survival kit: Skills for early-stage success
If you've recently launched a new business, it's crucial to acknowledge that the startup world is a thrilling yet unforgiving landscape. If you've looked at the statistics, you've probably noticed that a staggering number of startups fail within the first five years....
2 legal mistakes that many startups make
Even when business founders take every possible precaution, succeeding with a new company is not easy. While it is possible to make it, a significant number of startups fold within the first few years. A founder of a new business may not be familiar with all of the...
How long should the primary term of an oil and gas lease last?
Real estate isn't just valuable as a passive investment or a source of income. It can also be a way to secure ongoing revenue for a household. For property owners in Texas, natural resources can significantly alter the value of their property. Texas is famous for...


