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Business Transactions

Civil RICO claims in business disputes: Protecting your company

Business fraud can happen in small partnerships or large multinational corporations. In Texas, companies facing organized or repeated fraudulent activity may rely on Civil RICO claims to recover losses. RICO stands for the Racketeer Influenced and Corrupt...

Does your business structure impact your financial obligations?

During the business formation process, or during a business transaction where you are buying a company from someone else, it pays to think carefully about the business structure that you want to use. The way that you set your company up can have a significant impact...

How does due diligence work in a business acquisition?

Due diligence is a key process when buying a business in Texas. It involves thoroughly investigating and evaluating all aspects of the business before making a final decision. This process helps the buyer understand the true value of the business and any potential...

What are common defenses to breach of contract?

Contracts form the foundation of most business dealings. If someone accuses you of breaching a contract, that doesn’t automatically make you wrong. You might have legitimate reasons for not fulfilling the agreement. By understanding these defenses, you can respond...

5 crucial components of an operating agreement for an LLC

Starting a business is an exciting venture full of possibilities and dreams. But before you dive in, there's an essential document that can set the stage for your success: the operating agreement.    Think of it as your business's playbook, outlining how things will...

How can poorly drafted contracts lead to disputes?

Contracts are the backbone of business relationships. When a contract is vague, it can often lead to disputes. Clear language in contracts can avoid misunderstandings, disagreements and costly legal battles. How can contracts be vague? When contract terms aren’t...

What are the risks of a joint venture?

When you're building a business, collaboration can be a powerful tool for growth. Teaming up with another entrepreneur or company can bring new skills, resources and expertise to the table, helping you achieve your goals faster and more efficiently. However, before...

What are the details of your employment contracts?

As a business owner, there are many important things you would be wise to do in order to secure the future interests of your company. From carrying proper insurance to having thoughtfully drafted employment contracts, there are many practical steps you can take that...

Creating an operating agreement for your LLC

As an entrepreneur, you know how hard you must work to bring your business to a point where it is profitable and sustainable. There are many challenges associated with owning and operating a small business, but there are specific things you can do that will help set...

The 3 most fundamental elements of a valid business contract

Contracts are the lifeblood of the business world. They secure commercial transactions and provide the framework within which companies operate. While contracts can vary greatly in complexity and scope, all valid business contracts share three fundamental elements....

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