Understanding Basic Contracts: The Indemnification Clause
One of the most confusing, yet critical, sections of a contract is the indemnification section. Hard word, hard section. Hopefully this blog will help. “To indemnify” means to compensate someone for his/her harm or loss. In most contracts, an indemnification […]
What Is A DBA (Assumed Name) & When Do I Need One?
Just what is a DBA? A DBA (Doing Business As) is an official filing you make with either the local or statewide government offices for registering the name under which you will be conducting business. In Texas, we generally refer […]
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 […]
Anonymity In Delaware
Delaware, affectionately known as “The First State,” is a go-to business state. Longstanding favorable corporate law, minimal filing fees, low taxes, a court system well versed in complex business issues, and flexible corporate structure are just a few of the […]
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 […]
Four Major Deeds In Texas
As discussed in my previous blog, deeds are extremely important in any Texas real estate transaction.
How To Dissolve An LLC In Texas
There are a lot of reasons why members of a Limited Liability Company decide they no longer want the company to exist. But whatever the reason, simply making the decision to stop company operations does not make the LLC magically […]
The Company Agreement Explained: What Is A Company Agreement?
Sometimes anything involving a lawyer can sound like a whole other language. We’re going to simplify what exactly a Company Agreement is and does. You may have heard governing agreements for LLCs referred to as an operating agreement or regulations […]