Alternative Dispute Resolution (ADR) offers a great way to settle disputes without stepping into a courtroom. Two of the most popular methods of ADR are mediation and arbitration. Both provide efficient, private alternatives to traditional litigation, but they are quite different when it comes to the process and the results.…
It is common for startup founders to forgo cash-based compensation and accept only equity in exchange for their services to their startups. Most startup founders assume wage and hour laws are inapplicable to them because they are the owners of their business. However, founders, much like non-owner employees, cannot, under…
Texas entrepreneurs often embody a ‘do-it-yourself’ (DIY) ethos. In a typical startup, a compact team of committed individuals assumes various roles across the organization. While this approach can be instrumental in driving a company towards success, applying a DIY mindset indiscriminately can be detrimental and lead to significant costs for…
Once you have started your own business, one of the first decisions you must make is choosing the form in which you want to conduct your business – whether as a sole proprietorship (or partnership, in case of more than one founder) or by organizing your business in an entity…
We often see business owners ignore corporate formalities after incorporating their businesses. They labor under the misconception that forming a corporation[i], provides them with a full-proof shield from personal liability, despite how they conduct corporate affairs post incorporation. Many are not aware of the doctrines of “piecing the corporate veil”…
Benefit Corporation and Social Purpose Corporation—alternatives to forming a purely “for profit” Business What do you do when you want your business to incorporate positive social or environmental impact goals into its core objectives along with maximizing profits? In California, entrepreneurs who do not want to form a nonprofit but,…
1. Some corporations undertake extreme Corporate Social Responsibility (“CSR”) initiatives, such as pledging to donate a significant portion of their profits to social causes or implementing radical environmental sustainability measures. While these practices can enhance a business’s reputation, they are not always without legal and financial risks. Legal Implications: Fiduciary…
In the construction and property improvement industry, payment disputes frequently arise, creating significant financial stress for contractors, subcontractors, and suppliers. Understanding your rights and the available remedies is essential for navigating these disputes effectively. This blog will explore one of the most powerful tools available to those in the construction…
Corporations, those big players in today’s global economy, have come a long way since their early days in ancient Rome. Let’s take a look at how these entities evolved over time and what that means for the future of business. Ancient Beginnings It all started in ancient Rome, where early…
The world of corporate law might seem dry to some, but television shows and movies have a way of bringing it to life with drama, intrigue, and high stakes. While these portrayals are meant to entertain, they also offer valuable insights into the complexities of corporate governance, mergers and acquisitions,…