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What Happens When a Sole Proprietor Cannot Pay Business Debts?

A great many business owners own their business as a sole proprietorship. After all, it is the default form of business ownership if a person does not take any further steps to create a business entity other than setting up shop. But this is a dangerous practice with many pitfalls… Continued

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Should You Trademark Your Business Name?

If you are a new, successful business owner, you have most likely considered whether you should trademark your business name. After all, you want people to think of your business when they hear your business name, not some competitor with an inferior product or service. Or worse, what if a… Continued

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Dissolving an LLC in Texas

When you are ready to stop doing business, you cannot simply stop operations of your limited liability company (LLC) and walk away. Instead, there are many requirements for dissolution of an LLC under the law. Many states have a specific LLC Act, however, Texas does not. Instead, you must comply… Continued

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Writing a Secure Privacy Policy

With data breaches and cybercrime constantly making headlines, it essential for every business to ensure that it has a strong secure privacy policy. With Mark Zuckerberg testifying in front of Congress regarding privacy policies, you can be sure that agencies are taking this issue very seriously. What is a Privacy… Continued

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Is Crowdfunding the Right Choice for Your Startup?

Many of us have “Tiles” attached to our keys and in our wallets so that we can locate our important possessions by using the Bluetooth on our phones. You may not realize, however, that Tile began as a side project. One day, the developers started a Kickstarter and raised $200,000… Continued

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How Much Power Do Stockholders Have?

Most people associate the electoral college system with the United States presidential election. You might not be aware that most of those who hold stock in a company also participate in a system much like the electoral college each time they vote for a board of directors. If this is… Continued

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Buy-Sell Agreements for Your Business

If you co-own a business, you likely have heard of a buy-sell agreement. It is surprising, however, how many business owners either do not have this important document in place or misunderstand its purpose. The following are some frequently asked questions about buy-sell agreements. What does a buy-sell agreement address?… Continued

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Do You Have a Partnership and Not Even Realize It?

Some people think that forming a business partnership with one or more other people is always a complicated matter. However, many people already have partnerships and do not even realize it. Unlike corporations or limited liability companies, partnerships do not have to formally file paperwork with the state of Texas… Continued

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Intellectual Property Concerns for Entrepreneurs

Starting a business can prove extremely rewarding. If you’ve got your product or service ready to go, you’re probably ready to hit the ground running and start selling. While this may feel like a strong temptation, first make sure you cover all of your legal bases—including those related to intellectual… Continued

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How Do Zoning Laws Affect Your Company?

When you start a company or move to a new location, there are many legal issues you must consider. Which commercial space is right for you? Are the lease terms favorable? Do you have the right licenses to operate in that neighborhood? One important consideration in selecting a new business… Continued

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