Other Deeds In Texas
Previously, we discussed the four major deeds in Texas: general warranty deeds, special warranty deeds, no warranty deeds, and quitclaims. While these are the most common deeds, there are other deeds in Texas that are used to convey ownership. Assumption Deed […]
The Company Agreement Explained: What Are Fundamental Business Transactions & Why Are They Important?
Here at VW, we’re proud to form dozens, if not hundreds, of new Texas LLCs for aspiring startups and new small business owners each year. As part of our LLC formation package, we advise our clients on the best structure […]
Four Major Deeds In Texas
As discussed in my previous blog, deeds are extremely important in any Texas real estate transaction.
Deeds In Texas
A deed is by far one of the most important documents in any Texas real estate transaction. It is a seemingly short document, usually only one to two pages long, that is crucial to any real estate transaction regardless of […]
Drafting LLC Company Agreements: Simple Majority v. Super Majority
Our previous blog outlined the differences between and the advantages and disadvantages of a member-managed LLC and a manager-managed LLC. It only makes sense to now discuss how a business decision is made by the member(s) of the LLC. Section […]
SEC Releases Long-Standing Proposed Crowdfunding Rules
Finally! Ten months after they were supposed to be released, the SEC released the proposed crowdfunding rules to the general public on October 23, 2013. The proposed rules are currently in the middle of the 90-day comment period, and as […]
The Company Agreement Explained: Member-Managed v. Manager-Managed
Before you form an LLC, you should determine the management structure of your LLC. In Texas, there are two options: member-managed or manager-managed. Before we delve into the difference between the two, let’s back up a bit and first discuss […]
The Company Agreement Explained: What Are Classes Of Members?
Having different classes of members is just like having different classes of stock in a corporation. Oftentimes, it’s a good idea to set out classes of members when you want members to have different rights or duties. Situations where setting […]
Drafting LLC Company Agreements: What Is A Capital Contribution?
I recently had a meeting with a client who wanted to make sure his initial investment in an Limited Liability Company was well documented by the LLC. One way to document the initial investment is in the LLC’s Company Agreement. […]
The Company Agreement Explained: Why Do I Need A Company Agreement If I Have A Certificate Of Formation?
Clients regularly ask, “Why do I need a Company Agreement if I have a Certificate of Formation?” To answer the question directly: the difference lies in the purpose of the two documents. Certificate of Formation The Certificate of Formation (also […]