Limited Liability Companies: How Many Should You Own?

By | Business Entities, Limited Liability Companies, Texas Business Lawyer | No Comments

Many entrepreneurs have big plans for their startups. Unfortunately, as part of those big plans, they often want to treat a small business as if it is a large complex organization that needs multiple limited liability companies (LLCs) for asset protection and tax avoidance. Trump’s Limited Liability Companies According to…

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Sale of Business Leads to Expensive Breach of Contract Lawsuit

By | Business Contracts, Business Lawyer, Business Legal Alerts, Buy Internet Business, Buy/Sell Internet Business, Sell Internet Business | No Comments

As reported in The Connecticut Law Tribune, “Oral Surgeon Wins $3.1M in Breach of Contract Suit.” Although you can read the details of the particular lawsuit in Karen Ali’s article, note the important lesson from this case. The terms and conditions of an agreement to buy or sell a business…

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How to Terminate a Contract Early

By | Business Contracts, Business Lawyer, Consulting Agreements, eCommerce Agreements, Employment Agreements, Independent Contractor Agreements, Licensing Agreements, Technology Contracts, Texas Business Lawyer | No Comments

Although parties often benefit by having an annual or multi-year contract that either renews automatically or gives one party the option to renew, there are many cases where an ongoing relationship is not financially beneficial. Whether it’s poor performance, market changes, or some other adverse event, you may want to…

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