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Why You Need a Construction Attorney in Austin, Texas
If you are planning to start or are going to be involved in a construction project, it is extremely important to have an experienced Austin construction attorney on your side. Due to the complex nature of construction projects and the number of investments involved, even the smallest mistakes by any of the parties involved can lead to delays and disputes, which can be time-consuming and expensive. Here are five reasons why you should hire the legal services of a construction attorney in Austin, TX with legal specialization in construction projects of all sizes, an intricate understanding of construction contracts and laws, and a network of experts in the building industry. #1. Contract Drafting Construction projects [...]
Actions You Can Take to Stop The Foreclosure Process
When you are behind on your mortgage payments, you might be worried about the possibility of losing your home to foreclosure. Under Texas law, if you fail to make your payments, your mortgage company has the right to initiate the foreclosure process and take possession of your home without any judicial intervention whatsoever. With that said, unless you act fast, you might not be able to save your home. If you are facing foreclosure, it is prudent to have a knowledgeable real estate attorney on your side who is well-versed in real estate finance law and can devise legal strategies to save properties. Here are some of the steps you can take with help [...]
Why Are Criminal Charges Dismissed or Dropped?
Facing criminal charges in Texas can be an extremely stressful experience – especially for first-time offenders. Depending on the severity of the charges you are facing, you might be concerned about the possibility of paying hefty fines, serving time in jail, losing your livelihood, and your reputation getting deeply damaged. The fact is that just because you are charged with a crime, it does not necessarily mean that you will be convicted and end up with a criminal record. Depending on the circumstances, the pending criminal charges against you might be dropped by the prosecutor before your case even goes to trial or might be dismissed by the prosecutor or the court. In Absence of [...]
Understanding The Basics of Commercial Real Estate
Commercial real estate transactions in Texas can be quite complicated in nature – largely due to the sheer number of regulations and laws that are to be adhered to by the parties involved. Any non-compliance or violation on your part can not only compromise your rights and interests but also lead to hefty penalties. Correlating with this, if you are planning to buy, sell, or rent commercial property, it is advisable to have an accomplished Texas commercial real estate attorney on your side. Basics of Commercial Real Estate in Texas In a highly complex and competitive commercial real estate market, it is vital to work with reputable law firms while making a real estate transaction [...]
6 Reasons You Should Hire a Residential Real Estate Attorney to Sell Your House
If you are planning to sell your house, you might be wondering whether you should hire a real estate lawyer to guide you through the process. While you are not legally obligated to hire a real estate attorney to sell your house in Texas, it might still be in your best interest. In this post, we will take a look at six reasons why you should consider hiring an experienced real estate attorney to help sell your house. #1. Compliance with Laws and Regulations One of the reasons why real estate transactions can be complicated is the sheer number of laws and regulations that must be followed. Even the most well-informed real estate agents might [...]
Breaking Commercial Leases in Texas: What You Need to Know as a Landlord
As a commercial landlord, when you rent out your property to someone, you expect them to abide by the terms of the lease agreement. There are times when the tenant might fail to comply with the lease terms and break the lease without any justifiable reason. If and when it happens, you need to be aware of your rights so that you can take the necessary steps to protect your property and recover the amount you are owed. What are the steps you can take when a commercial tenant breaks the lease? Let us take a look. Notice of Default The first step you need to take in order to collect the unpaid rent from [...]
5 Questions About Joint Venture Agreements
A joint venture – commonly referred to as JV – is an arrangement wherein two or more individuals or businesses join forces to achieve a common goal. Each individual or business entity associated with the joint venture is required to contribute their assets, manpower, technical expertise, or other resources in order to achieve the goal. In this post, let us take a look at five of the most commonly asked questions about joint ventures. What are the Two Types of Joint Ventures? A joint venture can be contractual or equitable. The former is established based on a contract and governed by the terms of the contract. The latter is established as a separate business entity [...]
Real Estate Foreclosure – Understanding The Process
When you get a loan to purchase a property, you enter into a contract with the lender and agree to repay the loan in accordance with the payment schedule spelled out in said contract. If you fail to do so, the lender has the right to seize your property and sell it to a third party in order to recover the money they lent you. This process is commonly referred to as foreclosure. A vast majority of Texas foreclosures are nonjudicial (Austin bank-owned foreclosures). This means that the lender can choose to foreclose your property without going to court. A judicial foreclosure, unlike Austin bank foreclosures, requires the lender to file a lawsuit in court [...]
Your Questions About Limited Liability Partnerships, Answered
A limited liability partnership – commonly abbreviated as LLP – is a business structure wherein two or more people form a partnership and work together while limiting their personal liability to their investment in the business. In this post, we have answered the most commonly asked questions about limited liability partnerships in Texas. How Does a Limited Liability Partnership Work? In an LLP, two or more individuals join to establish a for-profit business with the purpose of achieving their common goals. The partners are required to run the business in compliance with the terms of the partnership agreement. By pooling their resources, the partners in an LLP can lower their operating costs and increase the [...]
3 Things You Need To Know About Sole Proprietorships In Texas
Texas has a well-deserved reputation of being a business-friendly state. There are to over 3 million small businesses across the state – a significant percentage of which are sole proprietorships. The combination of a low tax rate, simplified regulations, and the availability of high-skilled labor makes Texas the perfect place for anyone who wants to start their own business. Sole proprietorship – in particular – remains the most preferred choice of business structures for a vast majority of first-time business owners. It costs virtually nothing to form a sole proprietorship business and there are virtually no regulatory requirements. In this article, we take a look three key things you need to know about sole proprietorships [...]