Starting a business can be both an exciting and scary process. New businesses often require significant financial investments, extensive planning and lots of hard work. When starting a business, among the questions is what type of business entity an owner intends to...
When you begin any business dealing, you must have the contract basics in place: an offer and agreement between the two parties, and an exchange between these two sides, where both parties give something up and both gain something (a “bargained for exchange”). But,...
Most businesses would be thrilled to obtain a government contract. These can represent a reliable income stream for the life of the contract. However, government contracts frequently contain a “termination for convenience” clause which, when exercised, can suddenly...
Many residents of the Beaumont area might use the phrase “due diligence” to refer to a person’s just checking on a project or job even if there is no reason to believe there is a problem with it. The phrase grew in popularity in the business world when the United...
Contracts form the backbone of many business dealings in Beaumont and are an essential part of our economy. Businesses rely on each other to follow through on these agreements but that does not always happen. Sometimes a contract is breached. The breach can be either...
Contracts form the backbone of many business dealings in Texas. Unfortunately, sometimes one party to the agreement will not follow through on their obligations leading to a contract dispute that leaves the nonbreaching party in a tight financial bind that affects...
Starting a business is a large undertaking that will bring the combination of excitement and fear. People who are already in Texas and thinking about starting a business or who want to take advantage of the Lone Star State’s reputation for business-friendliness should...
When you are starting a small business, you have a lot on your mind. Choosing a legal business structure may not be at the top of your to-do list. But choosing the right structure for your needs can help your business grow and thrive. Choosing the wrong one can, in...
Many organizations use a vendor’s services to support their business goals. It is important for the business to have a contract in place with the vendor that addresses the terms of service, the costs involved and the length of time the vendor will provide the service....
You may have heard the saying that all good things come to an end. Business partnerships are no exception to the rule. What started out as a great idea between friends, may not have turned out how you expected, even if the business itself is thriving. In such cases,...