Post 1 This series focuses on “business divorce,” the break-up of a business between business owners due to disagreement or other circumstances.  A business break-up leads to either one owner continuing the business without the other owner, the forced sale of the business to a third party, or a total dissolution or winding up of the affairs of the business.  Because the situation can be c [read more]
This post focuses on personal liability that individuals may face as business owners of corporations and/or limited liability companies (“Businesses”). Liability may be imposed even though certain business entities by their type and nature are designed to protect owners from business debts and liabilities. However, by taking certain precautions business owners can avoid being held personally l [read more]
I am often asked whether it is appropriate to have one lawyer document a joint venture (or multiple owner company) on behalf of the proposed business owners (2 or more people). A variety of considerations come into play. LEGALITY: As a legal matter, attorney ethics rules, at least in Texas, permit an attorney to take on such a role. However the parties must knowingly consent to the situation. [read more]

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