A “tag-along” right allows a minority shareholder to join a sale initiated by a majority shareholder, essentially letting them sell their shares at the same price and terms as the majority shareholder, while a “drag-along” right forces a minority shareholder to sell their shares alongside the majority shareholder if the majority decides to sell their […]
A Texas property transferred into a Trust can still qualify for the homestead exemption. However, the property must be placed into a qualifying Trust. A qualifying trust in Texas is a trust that allows a beneficiary or the trustor to live in a property as their primary residence and receive the homestead exemption. What is […]
How can you Protect Your Business from being sued? As a business owner, you try to do everything you can to limit risk for your business. However, there are some actions you can take to protect your company from being sued. Here are five important ones. 1. Watch What You Say and Do Small businesses […]
Your business structure is an important consideration—it determines how you’re taxed, whether you can be held personally liable in lawsuits and more. Not every business qualifies to become an S corp in Austin, TX, but it can be a smart structure for many. If you aren’t sure whether to form a corporation or how to […]
When you own a business, it behooves you to do everything possible to protect yourself. That extends to sales contracts, which ensure you get paid for your goods. If your small business sells a product rather than provides a service, be sure you have a well-written sales contract with terms that are favorable to you. […]