Why IP Matters to Your Business

For owners of retail stores, restaurants, and other brick-and-motor businesses, your storefront is one of your most valuable assets.  If you’re leasing commercial property, it’s important to know and understand the various types of commercial leases that are available.  Some of the most common types of commercial leases include: ●  Gross ●  Modified Gross ●  Triple Net (NNN) ●  Absolute Net Each of these different types correspond to different landlord-tenant liability allocations for commercial lease [...]

Part 2 of a 2 part series Here are a few additional legal mistakes that businesses make. Make sure you aren’t costing yourself in the long run and avoid these. 6.  Non-Compete Agreements Non-compete agreements are enforceable in Texas if they are reasonable.  This means you must review the terms of any non-compete agreements your employees, independent contractors and you have signed. 7.  Employee and Independent Contractor Agreements Employee and independent contractor agreements are often [...]

Part 1 of a 2 part series There are a number of legal issues small businesses need to address.  Not handling these issues can be very expensive to you! 1. Ownership Formation Create an ownership structure before you enter into any agreements.  The type of entity you form enables you to clarify the ownership of the business and articulate the responsibilities of the owners.  Properly setting up a separate entity can provide you with personal [...]

Updated for 2012 Sudden death or disability of a business owner can cause immediate hardship on your company and your family.  Without a business succession and estate plan, your business could lose momentum and profitability while leadership and ownership is debated in probate.  You may suffer unnecessary estate tax liability.  If your family lacks resources to make ends meet during or after the probate process, they may be forced to sell company assets or sell [...]