Several key bills amending the Texas Business Organizations Code (TBOC) and Texas Business & Commerce Code (TBCC) were passed in the 87th Texas Legislature, Regular Session (the “2021 Legislative Session”), which convened on...more
Disputes often arise over whether parties have agreed to, or by their conduct they have, committed themselves to a transaction. On January 31, 2020, the Texas Supreme Court delivered its decision in Energy Transfer Partners,...more
Five Business Entity Forms:
• Corporation
• General Partnership
• Limited Partnership
• Limited Liability Partnership
(“LLP”)
• Limited Liability Company
(“LLC”)
...more
1/19/2017
/ Books & Records ,
Breach of Duty ,
Business Formation ,
Business Judgment Rule ,
Business Taxes ,
Choice of Entity ,
Confidentiality Agreements ,
Conflicts of Interest ,
Corporate Taxes ,
Delaware General Corporation Law ,
Derivative Suit ,
Duty of Loyalty ,
Fiduciary Duty ,
General Partnerships ,
Inflated Stock Purchase Price ,
Joint Venture ,
Letters of Intent ,
Limited Liability Company (LLC) ,
Limited Partnerships ,
Minority Shareholders ,
Partnerships ,
Personal Liability ,
S-Corporation ,
Secretary of State ,
Shareholder Rights ,
State of Incorporation
The joint venture is a vehicle for the development of a business opportunity by two or more entities acting together, and will exist if the parties have: (1) a community of interest in the venture, (2) an agreement to share...more
I. GENERAL.
A. Introduction.
In selecting a form of business entity in Texas the organizer or initial owners can consider the following five business entity forms:
• Corporation
• General...more
7/5/2013
/ Board of Directors ,
Business Formation ,
Business Taxes ,
C-Corporation ,
Corporate Governance ,
Corporate Veil ,
Fiduciary Duty ,
Limited Liability Company (LLC) ,
LLPs ,
New Legislation ,
Partnerships ,
S-Corporation ,
Wind-Up Process