By The Strong Firm P.C. | Published December 17, 2019 | Posted in Business Law | Leave a comment
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The Strong Firm P.C.
Not Worth the Paper It’s Written On
We have all heard the saying that something is “not worth the paper it is written on.” This is usually said about a contract that is unenforceable or even if enforceable, it may have no value because the party has no ability to pay or perform under the contract. Many times the clearest illustration of Read More
Read More“So…What Happens to My Bitcoin When I Die?” Modern Estate Planning for Digital Assets and Cryptocurrencies
Millennials have complicated everything. Socializing in person wasn’t enough, so they created Facebook. Dollars weren’t enough, so they created Bitcoin. Every new app, technology or cryptocurrency brings with it more uncertainty legal uncertainty around these digital assets. Are they currency? Are they property? Can they be gifted? Can they be inherited? Will they receive a Read More
Read MoreWait… Lawyers Do That?
Since the founding of the Strong Firm P.C. in 2004, we have prided ourselves on not only providing excellent legal services, but also playing a large role in our community. Every year I have the opportunity to speak to area students from first grade through college grad students on legal-related topics. Though the complexity varies Read More
Read MorePart II – Probate: Identify the Most Efficient Probate Proceeding – Muniment of Title
Texas law provides several options to transfer ownership of a deceased person’s (usually called a “decedent”) property. We previously discussed the difference between a dependent and an independent administration. The dependent and independent administrations are used when the deceased person’s estate exceeds some minimal thresholds for size or complexity, such as owing unpaid debts. Texas Read More
Read MoreBut You are My Attorney, not My Dentist…
Preventive maintenance for your entity from a legal perspective “An ounce of prevention is worth a pound of cure.” ‘De Legibus’ (c. 1240) by English Jurist Henry De Bracton Potential Client: “I have owned a limited liability company for several years. I haven’t had any issues, but someone is interested in investing in Read More
Read MoreTransferring a Business is a Team Effort
Transferring a Business is a Team Effort Thinking about buying or selling a business? It’s a big step in life, so let’s talk about surrounding yourself with the right help to make sure you make the best deal possible. A tempting path for some entrepreneurs is trying to handle the entire transaction themselves. The temptation Read More
Read MoreBut I Can Do it by Myself for Less…
When handling it yourself is not a good idea from a legal perspective “It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money — that is all. When you pay too little, you sometimes lose everything…” Common Law of Business Balance Read More
Read MoreFour Reasons to Fund Your Business Succession Plan
It is an incredible accomplishment for business owners to craft a business succession plan establishing the structure that will transition the business out of the hands of the current owner(s). However, even the best business succession plan will be considered a failure without a proper funding mechanism. The considerations in support of setting up a Read More
Read MoreCommon Litigation Myths Debunked! Part III
In the last segment in this series, I discussed myths surrounding settlement. This segment focuses on a myth about the discovery phase of litigation. Myth #3: Discovery is just an expensive waste of time. Of the several aspects of litigation that clients find the most irksome, the discovery process may top the list. Discovery is Read More
Read MoreCommon Litigation Myths Debunked! Part II
In Part I of this series, I addressed the myth that lawyers must respond aggressively in all aspects of litigation to be effective. Now I want to focus on a related myth: that settlement connotes either weakness or liability. Myth #2: If you settle, it is probably because you were going to lose at trial. You often hear Read More
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As trusted legal advisors, we understand the complexities and challenges that employers face when navigating the landscape of employment law. With the ever-evolving regulatory environment, it's crucial for employers to stay informed and proactive in addressing legal concerns.
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Planning for the distribution of your assets upon your passing can seem a daunting task regardless of the size of your estate. However, planning for how those assets will be distributed, and ensuring your estate plan accounts for your desired distribution, is essential. In this article, we will discuss the
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The Future of Non-Compete Agreements: Executive Order on Promoting Competition in the American Agreement
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In July 2021, President Biden signed an Executive Order aiming to limit the use of restrictive covenants in employment relationships. Opening with the premise that “a fair, open, and competitive marketplace has long been a cornerstone of the American economy, while excessive market concentration threatens basic economic liberties, democratic accountability,
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