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Setting Up a Single-Member Limited Liability Company in Texas

Before setting up a single-member LLC, the first thing you need to know is whether or not you actually need one i...

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Can You Lose the Protection Against Liability That a Corporation Provides?

Is the Protection Against Liability Absolute? If Not, When Can It Be Lost? When you’re starting a new business e...

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The Benefits and Challenges of Setting Up a Business as a Partnership

Reasons Why You May or May Not Want to Enter a Partnership The concept of a business partnership has been around f...

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Choosing Between a Limited Liability Company (LLC) and a Subchapter S Corporation

The Advantages and Disadvantages of Each Business Form When you're starting a new business enterprise, one of the ...

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How Does a Trust Help Protect Your Assets?

What Is a Trust? How Does It Protect You From Creditors? When you've worked hard to build a significant net worth,...

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What Is an Implied Contract? Definition, Types, and Examples

Contracts are not necessarily as dramatic as movies make them out to be. A very big misconception is that contracts...

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The Statute of Frauds—When a Contract Must Be in Writing

What Are the Situations Where an Oral Agreement May Not Be Enforceable? Over the past few months, we have taken a ...

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The Requirements of a Valid and Enforceable Contract, Part 5—Legality

When Is the Subject Matter of a Contract Illegal? In earlier blogs, we have looked at four other requirements of a...

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The Requirements of a Valid and Enforceable Contract, Part 4—Contractual Capacity

What Is Contractual Capacity? When Might a Person Lack Capacity? In this series of blogs, we have looked in greate...

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The Requirements of a Valid and Enforceable Contract—Volition

What Is Volition? Common Situations Where a Party Does Not Voluntarily Enter a Contract In this series, we are loo...

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