A non-compete agreement is a contract between an employee and their employer that forbids the employee from working in the same or similar field of another entity. The intention is to protect confidential information from being solicited to competitors. How do you...
Homeowners Association (HOA) or Condominium Owner’s Association (COA) are two organizations that are formed to enforce restrictive covenants within communities. Moving into a new neighborhood may require you to join either organizations. Organizations such as HOA and...
Mineral rights are ownership rights in minerals below the surface of a property. Minerals include oil, sulfur, natural gas, gold, silver, copper, iron, coal, uranium, and salt under the surface estate of real property. Mineral rights are legally different than surface...
Depending on the nature of the business investment, you have rights as an investor to: (1) Ask for and receive information from a firm about the work history and background of the person handling your account, as well as information about the firm itself. (2) Receive...
What responsibilities do real estate brokers have in Texas? According to the Texas Real Estate Commission (TREC), real estate brokers have canons of professional ethics and conduct: Fidelity: real estate brokers must act as a trustee when representing agents, with an...
A demand letter is a formal notice often written by an attorney on behalf of a client demanding that the person or business cease or take action in effort to resolve the dispute before going to court. The purpose of a demand letter is to seek resolution and/or begin a...
Are you wondering what type of business arrangement is best for you? A joint venture agreement is a "partnership" of two or more individuals or companies with the intention of making profit. The goal is for every “partner” in the agreement to contribute assets,...
You should be aware that formation of an LLC may affect your future tax obligations. You should carefully review all the tax aspects of your entity with your accountant, paying special attention to the issue of whether to elect Subchapter S status. Sub-Chapter S...
Formation starts with the proper certificate filed with The State of Texas. You will need a Registered Agent. You will need to disclose the initial members or the managers if member managed. Bank Account. A new Bank account should be opened in the name of the LLC....
Conducting Business in the Name of the LLC. It is very important that all necessary formalities be followed to maintain the existence and activities of the LLC distinct and separate from the Members and officers, in order to ensure that such persons do not become...
