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The Pros and Cons of a Sole Proprietorship in Texas

April 3, 2024 by Sandra Ighalo - Tax Attorney & Business Law Counsel

Factors to Consider When Setting Up a New Enterprise You’ve decided that you want to be your own boss. One of your first considerations will be the legal form of your business. Maybe you’re going to run the whole show or maybe you’ll be responsible ...

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Filed Under: Business

Why You Want a Business Attorney to Set Up Your LLC

February 21, 2024 by Sandra Ighalo - Tax Attorney & Business Law Counsel

The Benefits of Hiring Legal Counsel over Doing It Yourself You’ve decided to become your own boss and need to set your business up with the state of Texas. You’ve done a little research and believe that a limited liability company, or LLC, will ...

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Filed Under: Business

The Benefits of Buy-Sell Agreements for Business Owners

November 2, 2023 by Sandra Ighalo - Tax Attorney & Business Law Counsel

The Benefits of Buy-Sell Agreements for Business Owners

How a Buy-Sell Agreement Can Protect Your Business Interests When you’re one of a number of owners of a business, there are many legal measures that you can (and should) take to protect your personal and business interests. One of the most important ...

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Filed Under: Business

The Annual Filing Requirements for Texas Businesses

October 6, 2023 by Sandra Ighalo - Tax Attorney & Business Law Counsel

The Annual Filing Requirements for Texas Businesses

What Filings Must Corporations, LLCs and LLPs Submit Every Year? In most states, business entities such as corporations and limited liability companies (LLCs) must file annual information reports to demonstrate that they remain in good standing. ...

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Filed Under: Business

Protecting Your Assets with a Trust

June 6, 2023 by Sandra Ighalo - Tax Attorney & Business Law Counsel

What Is an Asset Protection Trust? Are There Different Types of Asset Protection Trusts? You’ve worked hard to build your personal net worth. You’ve created and followed a well-conceived plan to ensure that you live comfortably for the rest of your ...

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Filed Under: Asset Protection

The Different Types of Personal Trusts

May 11, 2023 by Sandra Ighalo - Tax Attorney & Business Law Counsel

The Different Types of Personal Trusts

What Is a Trust? What Are the Benefits of a Trust? What Are the Different Features of a Trust? You've worked hard and been smart with your investments, so you have a substantial net worth or a nice little nest egg. You want to ensure that it's ...

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Filed Under: Estate Plan

A Will or a Trust?

April 4, 2023 by Sandra Ighalo - Tax Attorney & Business Law Counsel

What Are the Differences? If you're like more than 2/3rds of Americans, you don't have any formal estate plan in place to ensure the orderly distribution of your property in the event of your death. That typically means that your assets will be ...

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Filed Under: Estate Plan

Impossibility of Performance of a Contract

March 3, 2023 by Sandra Ighalo - Tax Attorney & Business Law Counsel

Impossibility of Performance of a Contract image

What Is It? When Can It Be Used to Void a Contract? Suppose you enter into a contract to deliver a quantity of manufactured goods to a customer. Your goods require a specific device as a part of the assembly process. After you enter into the ...

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Filed Under: Business Contracts

When Can You Terminate a Contract without Being Liable for Breach?

February 1, 2023 by Sandra Ighalo - Tax Attorney & Business Law Counsel

When Can You Terminate a Contract without Being Liable for Breach

When Can You Legally Refuse to Perform under the Terms of an Agreement? When you enter into a contract, you make a legally enforceable promise to abide by the terms of that agreement. Typically, when you fail to perform as promised, you can be taken ...

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Filed Under: Business Contracts

The Requirement that You Voluntarily Enter into a Contract

January 4, 2023 by Sandra Ighalo - Tax Attorney & Business Law Counsel

The Requirement that You Voluntarily Enter into a Contract

When Can You Argue that You Didn't Agree of Your Own Free Will and Knowledge Under long-established law, one of the requirements for a contract to be valid and enforceable is that all parties must have voluntarily entered into the agreement. What ...

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Filed Under: Business Contracts

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