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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 [...]
How To Find a Business Litigation Lawyer in Austin, TX
As a business owner, you might have to deal with legal disputes and challenges from time to time. If and when it happens, it is essential for you to have an experienced Austin, Texas business litigation lawyer on your side throughout the entire process. An experienced lawyer can fight on your behalf, provide you with the right legal advice, protect your business interests, and resolve disputes through negotiation, arbitration, or if needed, litigation. In this post, let us take a look at five key factors you should consider while choosing a business litigation lawyer in Austin, Texas. #1. Experience in Handling Disputes Similar to Yours Business litigation is an extremely broad term that includes a [...]
Lawyers, Wills, And Trusts – An Introduction
Estate planning empowers you to make choices about your own future and about the future of your loved ones. With a proper estate plan, you can not only plan for contingencies in your life, but also leave a legacy for your loved ones and make sure they are provided for and taken care of even after you are gone. With help from an experienced estate planning attorney in Austin, you can bring more predictability to your financial future. Key Elements of Estate Planning in Austin, TX The major components of a comprehensive estate plan in Austin, TX include: #1. Will A last will and testament – more commonly referred to as a will – is [...]
Business Law Professionals: The Top 9 Things You Should Know
Every business lawyer should know that the law is a complex and ever-changing body of rules, regulations, statutes, case law, and precedents. The legal system has been evolving since the beginning of civilization. There are laws today that govern almost every aspect of our lives and how we interact with each other. For business lawyers, they must understand these laws to ensure they do their very best to advocate for the rights of their clients and achieve the best possible outcomes. Who is a Business Law Professional? A business law professional is an attorney specializing in representing businesses in legal matters. A business lawyer can help a company prepare and file incorporation documents, write partnership [...]