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What Should I Do in a Contract Dispute?

Business owners often cite contract disputes among the most stressful components of their work. Savvy business owners know that contract disputes can waste time, squander money, and create havoc by way of lawsuits. In this discussion, we explore common steps in navigating a contract dispute.

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Statute of Frauds: What Is It and What Does It Do?

This month, we take a break from analyzing Texas business structures in favor of examining Texas’ statute of frauds. The statute of frauds is well known among industry professionals but, unbeknownst to many industry outsiders, often thwarts attempts to enforce oral agreements.

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Corporations: What Are They and Should I Form One?

Last month, we discussed limited liability companies. Today we follow last month’s discussion with another popular business structure, the corporation. The corporation grabs the attention of many, but comparatively few understand the meaning of the corporate form. In this analysis, we review common misconceptions of the corporation, discuss the advantages and weaknesses of the corporation, and compare the different types of corporations.

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Limited Liability Companies: What Are They and Should I Form One?

Overview and analysis of limited liability companies in Texas. Discusses strengths, weaknesses, and unique traits and contrasts with other entities.

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Types of Contracts

In this month’s post, we take a break from discussing business entity types and examine the types of contracts recognized under Texas law. Texas law recognizes several broad types of contracts. Each exists under distinct circumstances and offers a unique theory of liability and recovery.

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

In this month’s post, we continue our discussion of various business structures. In the third of this series, we discuss limited partnerships. The limited partnership is a specialized entity best deployed for particular business types and industries.

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Sole Proprietorships: What Are They and Should I Form One?

This is the second in a series of posts in which I discuss various business entity structures. In the second of this series, we discuss sole proprietorships. The sole proprietorship represents the most basic single-owner business entity type. Despite its flexibility and tax appeals, the sole proprietorship fails to protect its owners in the way many other entities do.

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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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