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What Are Fiduciary Duties and Why Do They Matter?

Professionals and businessowners often understand the existence of fiduciary duties but generally overlook the unique nature of fiduciary duties and special circumstances under which they arise. This month, we examine fiduciary duties and their treatment under Texas law.

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What is a Mechanic's Lien and What Does It Do?

Unlike many other liens, the mechanic’s lien has gained visibility in the public eye because it may arise in instances of home improvement projects. Due to this wide applicability, many non-attorneys are aware of the common threat but do not appreciate its intricacies and significance. In this month’s post, we broadly discuss the nature, applicability, and significance of mechanic’s liens.

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What Should I Do in a Contract Dispute?

Business owners often cite contract disputes among the most stressful components of their work. Savvy business owners know that contract disputes can waste time, squander money, and create havoc by way of lawsuits. In this discussion, we explore common steps in navigating a contract dispute.

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Statute of Frauds: What Is It and What Does It Do?

This month, we take a break from analyzing Texas business structures in favor of examining Texas’ statute of frauds. The statute of frauds is well known among industry professionals but, unbeknownst to many industry outsiders, often thwarts attempts to enforce oral agreements.

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Corporations: What Are They and Should I Form One?

Last month, we discussed limited liability companies. Today we follow last month’s discussion with another popular business structure, the corporation. The corporation grabs the attention of many, but comparatively few understand the meaning of the corporate form. In this analysis, we review common misconceptions of the corporation, discuss the advantages and weaknesses of the corporation, and compare the different types of corporations.

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Limited Liability Companies: What Are They and Should I Form One?

Overview and analysis of limited liability companies in Texas. Discusses strengths, weaknesses, and unique traits and contrasts with other entities.

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Types of Contracts

In this month’s post, we take a break from discussing business entity types and examine the types of contracts recognized under Texas law. Texas law recognizes several broad types of contracts. Each exists under distinct circumstances and offers a unique theory of liability and recovery.

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Limited Partnerships: What Are They and Should I Form One?

In this month’s post, we continue our discussion of various business structures. In the third of this series, we discuss limited partnerships. The limited partnership is a specialized entity best deployed for particular business types and industries.

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Sole Proprietorships: What Are They and Should I Form One?

This is the second in a series of posts in which I discuss various business entity structures. In the second of this series, we discuss sole proprietorships. The sole proprietorship represents the most basic single-owner business entity type. Despite its flexibility and tax appeals, the sole proprietorship fails to protect its owners in the way many other entities do.

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