Pendergraft & Simon, L.L.P. Legal Blog
Common reasons for partnership disputes
If you are a co-owner of your business, with one or more business partners, there is the chance that a dispute will arise. This can be highly detrimental to your company and your future, especially if you cannot resolve the dispute. Many of the most difficult cases involve just two owners, as there is no…
What options do you have if a shareholder dispute arises?
Many business owners go public and put shares in their company up for sale to increase the funds necessary to grow their reach. Doing this doesn’t come without downsides, however. Shareholders get something out of investing funds in a growing business. As the company’s owner, you have to answer to your shareholders once you introduce…
Can your business sue another for unfair competition?
Unfair competition is a situation that involves deceptive or unethical business practices designed to harm other businesses. The federal and state laws regarding unfair competition aim to protect intellectual, economic or creative interests. They do so by preventing companies from misappropriating another’s work and representing it as their own. You might have a right to…
How the Supreme Court helped affirm secured lender rights
Lending people money can be a great business model. You get to charge interest just because you had the financial resources someone else needed for a transaction. Most people do their best to repay their debts, so you can count on regular payments from most borrowers. Of course, lenders also take substantial risks by choosing…
What is the difference between a merger and an acquisition?
Mergers and acquisitions are often talked about together as if they are close to being the same thing, but the truth is that these are very different actions that corporations and small businesses can take. They do share some qualities — such as changes to the ownership structure — but there are also key differences….
Partnership disputes and why they happen
A partnership dispute can be incredibly detrimental to the future of your business. Even if you and your partner can move beyond it and keep working together, that relationship may be damaged. In many cases, disputes are so problematic that one person has to leave the company entirely. Understanding how partnership disputes happen can help…
Protecting your business from staff claims while reorganizing
When your business encounters a financial hardship, sometimes drastic action is necessary to save the business. Choosing to file Chapter 11 bankruptcy to reorganize your business and address its debts could help keep the company itself operational despite its current financial issues. Business bankruptcy filings often come with an obligation to liquidate certain assets and reduce business…
There are ways to appeal Texas property taxes
As a Texas business owner, you might feel the local appraisal board is trying to charge you too much tax on your commercial property — and you could be right. Thankfully the law provides you with a straightforward way to appeal. Property values change regularly This year, many properties will have gone down in price….
Addressing redundancy can be dangerous during a merger
Merging two existing businesses or two offices or departments of an existing company can make your operations more efficient and reduce your business’s expenses. However, a big part of reducing those costs usually stems from eliminating redundant positions and either changing people’s work responsibilities or eliminating the excess positions. Needing to eliminate a number of…
What can you seek as part of a breach of contract lawsuit?
Contracts sometimes get described as the lifeblood of businesses, in part because contracts manage everything from the relationship between a company and its employees to the transactions that occur between individual businesses. You uphold your side of a contract, and you have the reasonable expectation that other parties will do the same. Unfortunately, it’s possible…