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August 2015
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The Texas Series LLC: The (Kind of) New Kid on the Block

TEXAS SERIES LLC BACKGROUND On September 1, 2009, Texas joined Delaware, Illinois, Iowa, Nevada, Oklahoma, Tennessee and Utah as the handful of states in the U.S. at the time that permitted the formation of a relatively new entity type known as a Series limited liability companies (a “Series LLC”). While a Series LLC shares many Read More

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Properly Classifying Employees and Independent Contractors

Is your “independent contractor” actually an employee?  While it seems like a relatively simple question, the ramifications are substantial to a business owner.  Misclassifying and paying a worker as a 1099 independent contractor, when in reality he or she should be treated as a W2 employee, can result in a variety of consequences for the Read More

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It’s Not Me, It’s You: Business Divorces in Partnerships, Closely Held Corporations, and Limited Liability Companies

There are many ways that business partnerships are like a marriage. Both create legally binding obligations on those who enter into them. And just like a marriage, a business partnership requires commitment, trust, and hard work; each person involved must do their part in order for the venture succeed. Despite the colloquialism “it’s just business” Read More

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