What to do with Security Deposits? Texas law stipulates many rules for how a tenant’s security deposit is to be handled and returned. A security deposit should not be confused with an application deposit or other fees. Not staying in compliance with these rules can cost any landlord many times more than the deposit. It … Read more
How to Read Your FDD Reviewing your FDD is an important step before becoming a franchisee. FTC regulations require any franchisor to give a potential franchisee 14 days before signing any franchise agreement. You should always take time and attention to review your FDD before signing a franchise agreement. Here are a few tips to … Read more
What To Do After You Form Your Business Entity? After forming your LLC or incorporating, many owners forget there are still steps to take to ensure that your business operates efficiently and legally. There are some important distinctions between merely forming an entity and operating that entity. Here is a short checklist for what to … Read more
Doing Business in Texas: Labor Laws In this installment of our Doing Business in Texas Series we will discuss the various labor laws that affect Texas businesses. Texas labor laws strike a good balance between protecting contract freedom and the rights of employees. Many states have complex and often onerous employment regulations, Texas takes a … Read more
Are Stormy Waters Ahead? Why You Should Begin Securing Your Wealth Today, Not Tomorrow Many financial forecasters have commented that we may be in the eerie calm before the storm of another economic crisis. While there are good points on either side of the debate, there are plenty of indicators that small businesses should be … Read more
New Crowdfunding Rules for Small Businesses The SEC has recently clarified the securities rules regarding crowdfunding making it easier for small businesses to raise capital through a crowdfunding project. This year there is expected to be a gold rush into the crowdfunding space, giving small business owners another path to raising the needed capital to … Read more
Website Terms and Conditions – Liability Traps Terms and conditions are an integral part of every website. Website terms and conditions are used to limit liability and reduce exposure to a lawsuit. A well drafted terms and conditions helps set the rules for how a dispute is resolved with users. Often businesses will use boilerplate … Read more
Doing Business in Texas: Business Liability Perhaps the top consideration for any business owner is the type of liability they may face for operating a business. There are contractual liabilities and tort liabilities. Contractual liabilities are those that arise out of a contract. Tort liability occurs as when a wrong is committed against another, it … Read more
Need to Know: Basic Financials for a Business For every business there are four financial documents that are essential for your business to create and update. The challenges of making business decisions requires these documents to give you an overall understanding of your business’s health. One important thing to remember is to not let the … Read more
New Franchise Rules in Effect in California California franchisees have new legal protections against a franchisor’s termination or non-renewal without cause and refusals to transfer. Later last year the California Franchise Relations Act (CFRA) was significantly revised to offer franchisees greater protections against franchisor actions. Only 18 states have legislation restricting the franchisor-franchisee relationship, often … Read more
