By The Strong Firm P.C. | Published July 16, 2018 | Posted in Business Law, Uncategorized | Leave a comment
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 MoreIt 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 MoreIn 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 MoreIn 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
Read MoreIn today’s competitive business climate, litigation has become an increasingly common, and often necessary, tool for businesses to protect and defend their interests. It is perhaps unfortunate, but it’s often a mark of success for a business to be involved in litigation because it means it has established itself well enough to attract the interest Read More
Read MoreNot all trademarks are created equal. A potential mark must be distinctive enough to allow consumers to distinguish the applicant’s goods or services from the goods and services of others. When reviewing a trademark application, trademark examiners analyze where the mark falls on a spectrum of distinctiveness. The more distinctive the mark, the easier it Read More
Read MoreProbate is the process of applying to a court for authority to transfer a decedent’s property. When the court stays involved throughout the administration of a probate (i.e. through the whole process) then the probate process is long, complex and expensive. However, Texas has aggressively sought to create a number of more efficient (i.e. quicker Read More
Read MoreThere are many situations where attorneys must address a client’s co-ownership issues. The basis of a cotenancy relationship is each owner’s (non-exclusive) right to use, occupy and possess each part of the property. Cotenants may not exclude other cotenant owners from possessing, using or occupying the same part or parcel. Texas law recognizes three forms Read More
Read MoreSaving money is difficult. It is no wonder, then, that most people are not excited about the possibility of creditors swooping in and taking the assets they leave to their heirs. Fortunately, a well-crafted estate plan can be utilized to reduce this risk. A common tool is to be to leave assets to your children Read More
Read MoreA rise or fall in the economy. An adverse legal judgment. Unexpected bills or lack of payments from business partners. A natural disaster. Small businesses face financial blows like these all the time and end up asking the same question: Should my small business consider filing bankruptcy? Bankruptcy is a legal process for individuals and Read More
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