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 […]
In 2022 a new rule allows you can apply for the Texas homestead exemption in the same year that you purchased your home. You can file your application for the exemption at any time. Your application must be mailed by April 30th to be processed in time for your fall property tax bill. If you […]
The Texas State Code, Section 11.13: Residence Homestead explains the Texas Homestead Exemption. The code requires public school districts give a $25,000 exemption on residence homesteads that are located within their districts. A residence homestead must be the primary residence. The code also provides that a homeowner is entitled to an exemption of up to […]
While inexpensive to set up, a general partnership, potentially saddles the partners with big personal liability. As your business grows, consider a business structure that limits liability for owners, such as a limited partnership, limited liability company or corporation. Pros and cons of a general partnership Here are some of the pros and cons to […]
As a small business owner, you face the risk of a lawsuit every day. It can cost money, time, your reputation and cause stress. Lawsuits can also put some companies out of business. It may not be possible to avoid every legal claim against your business, but it’s important to limit your risk of a […]