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General Partnerships: What Are They and Should I Form One?

This is the first in a series of posts in which I discuss various business entity types. In the first of this series, we discuss general partnerships. The general partnership represents the most basic multi-owner business entity type. Despite its flexibility and tax appeals, the general partnership also fails to protect its owners in the way many other entities do.

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Considering Transferability when Selecting a Business Structure

New business owners have many decisions to make, from choosing a business name to how day-to-day operations will be run. Selecting a business form is one of the most important decision, with many factors influencing your choice. Transferability – how ownership of the business changes hands – is one of those factors.

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Why Invention Assignment Agreements Are Important

There are many different types of companies in the Houston area. Some of the companies and larger international corporations and some are small businesses with one or two employees. These companies also provide different products and provide different services as well. While the various companies vary greatly, they still do have some things in common. The goal of most companies is to earn money and in order to earn more money companies need to have employees to be able to complete more work.

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What Should I Know About Liability Insurance for My Business?

Texans who are starting a business will be excited about the future and the opportunity to share their goods and services with the public. Regardless of the kind of business that is getting off the ground, there are fundamental requirements that must be adhered to in ensuring it is in full compliance with the law. This goes beyond avoiding sanctions from the government. It extends to protecting the business if unforeseen incidents occur. Having commercial general liability (GCL) insurance is something that could recede to the background amid other concerns, but it should be of primary importance.

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Fees at The Center of Texas Company’s Class-Action Lawsuit

Businesses in Houston and throughout Texas rely on their contracts to ensure they and their customers are treated fairly. This is especially true when there are unpredictable events that cause challenges. In contracts, there are usually details as to what will be charged for services. If there are allegations that rates were changed and fees were assessed when they should not have been, then it could be the basis for business litigation. Companies concerned about these issues should have a firm grounding in the law as they try to settle the matter and decide if a lawsuit is needed.

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What Is Regulatory Compliance and Why Does It Matter?

Any person with business experience in the Houston area probably realizes that forming a business and signing its initial contracts is only a critical first step in starting a successful enterprise.

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Roku Drops YouTube TV Amid Contract Disputes

As a Texas consumer, one may not fully recognize or appreciate all the business contracts and transactions that must be completed for them to enjoy the basics in his or her life. Whether it is an automobile, a home, food delivered to their doorstep, internet provider or television streaming service, it is successful business contracts that allow for them to occur or function as they were intended to. Thus, if an issue arises and contract dispute occurs, this could significantly disrupt the business parties and the consumers that rely on the product or service.

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Advantages and Disadvantages of Partnerships

If you have decided to start your own business, one of the most difficult parts if that process is choosing what type of business to form. Many business owners decide to form a partnership, or a business run by two or more people who share profits and losses.

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