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Austin Business And Probate Law Blog

Choose a guardian for your children: These tips will help

As you create an estate plan, you need to think about the future well-being of your children. Unfortunately, this means thinking about a situation in which you may pass on before your children reach the age of 18.

Even though you don't want this to happen, you need to protect your children accordingly. This means naming a guardian for your minor children in your estate plan.

How to choose the right trustee or executor

It doesn't matter if you're creating a will or trust, there are sure to be a number of high level decisions you need to make during the estate planning process.

With a will, it's up to you to choose an executor. With any type of trust, you'll be asked to choose a trustee.

Common disputes for commercial tenants

Location, location, location. You hear it all the time when it comes to real estate. It is no different when it comes to finding the right place to start your business. If you open up a restaurant in a spot that is impossible to reach, you could drive away your clients before you ever get a chance to open your doors.

Once you select the right place to open your new entity, you will have to negotiate a lease or purchase the property. For renters, there are several things that you will need to examine closely before you sign a lease, because they may lead to problems down the road. In this post, we discuss some of the most common reasons that disputes arise between commercial tenants and landlords. 

Steps to resolve business conflict

You and your business partners have a great idea that you are convinced will be successful. Going into business together will help you all pursue your common goals, and provide each of you with a comfortable standard of living.

Every company faces challenges. It is inevitable that at some point you and your business partners will have a disagreement about something. There is no chance that you will always be in lock-step about every single issue that your company faces. In this post, we discuss some of the things that you can do to help prevent a business dispute from having a negative impact upon your company.

Things to know about probate in Texas

Probate litigation cases are matters that arise due to disputes on the property of a deceased person. They include inheritance disputes, contested wills, real estate mismanagement cases, partnership and shareholder disputes, and much more. These cases are very complex and sometimes take years to settle. If you live in Texas, there are fundamental issues you need to know about probate in Texas

This is how a jury thinks and why it matters

Understanding the role of a jury is important to winning a case. It's key to recognize how the jury will perceive you, the case and its surroundings. It's important to understand how the jury will take facts or alleged facts and weigh them against other information in your case.

When a jury is chosen, your attorney and the other party's attorney will take steps to make sure it's as unbiased as possible. This helps the jury start fresh with no perceptions that could influence your case. Even determining that there is no social bias won't necessarily take away bias against your physical appearance or attitude, though, so that's why it's important to come to court looking clean cut and presentable.

When it's time to pass on the company, take these steps

Your heirs have been waiting many years to take over the company, and you've decided it's finally time to step down. Transitioning the company from your control to the control of others in your family has the potential to threaten your business, which is why it's vital to take the appropriate steps to transfer power.

Your heirs are ready to take over, and you know they've been trained to walk in your footsteps. Still, there are things you can do to make the transition go smoothly. Here are a few to consider.

5 things to include in a new hire's employment contract

Your small business is expanding, and that means you have to hire a new employee. It's important that this person is honest and reliable, but it's also vital that he or she understands what you expect. As the employer, you are responsible for creating an employment contract.

This contract is legally binding, so it's wise to speak with your attorney about drawing one up with everything that it needs inside. For instance, you'll want to include the employee's classification, a definition of the job and other necessary information. Here are at least five things you should include in your contract.

Creating corporate bylaws for your new business

Part of forming a corporation involves creating corporate bylaws. This document details how your business will operate, what type of procedures it will follow, and provide general guidelines for what it will and will not do during its operational life. In addition, the bylaws will provide descriptions of the duties of the officers and directors as well as how the members will conduct meetings and the procedures for amending the bylaws.

When you form a new business, the bylaws are just one of several documents that you will need to create. Since the process of forming a corporation can seem complicated, it is important to ensure that you are following the legal requirements in Texas. An experienced business law attorney in the Austin area can help you with the various stages of business formation. Read further to find out more about corporate bylaws and why your company needs them.

Understanding breach of contract and your legal options

After years of planning and saving capital, you were finally able to open your own home décor retail shop. Your grand opening is set for the end of the week, but you have a problem. Your supplier did not fill your order correctly. Instead of sending you the décor you ordered, they shipped you a truckload of kitchen appliances. There is no way to get your corrected order to the shop in time for the opening. Now, you have to cancel all the events you had planned and work another day for your opening. You will lose your deposits on the entertainment and caterer you had booked.

In a situation like this, where someone you contracted with failed to deliver on that contract, you might have the option to pursue legal remedies based on breach of contract laws. If someone has violated the terms of a business contract and caused you to suffer a financial loss, speak with an Austin area attorney experienced with business litigation. To understand more about breach of contract laws, read further.

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