Cain & Associates
Contact Us Today
817-506-3233 or 817-506-7061

Cleburne Legal Blog

Protect business interests when a special someone is interested

If you worked long and hard to build a business in Texas, you most likely understand how crucial it is to protect your interests. Like other business owners, you live a dual life. There's your professional side, and then there's your personal life. Building, launching and sustaining a business takes a lot of time. Many business owners will tell you they don't have much time for private lives, but most try to fit a little rest and relaxation into their schedules from time to time.

Perhaps you were able to do so and finally met that special someone. Maybe you were even lucky enough to find a partner who fully supports your entrepreneurial efforts and is willing to make whatever sacrifices necessary to help keep your business afloat. As the two of you consider marriage, you might want to think ahead and be as prepared as possible for any curve ball life may throw at you one, five or 10 years from now.

What's next? Planning your exit from your small business.

Successfully owning and operating a small business is part of the American dream for many people. As a Texas business owner, you know the challenges that can come from being your own boss and navigating the complications of entrepreneurship, but that should not stop you from thinking ahead to your future.

It is easy to have your complete focus on the present to the point that you forget to think about what will happen in the future, but succession planning is important. Regardless of the type or the size of your small business, you will find peace of mind in knowing that you have planned for contingencies and protected the interests of your loved ones.

Partnerships on the rocks

Maybe you were friends since high school or you met in a university business class. Wherever your partnership began, it blossomed into the business arrangement that has served you successfully for years. Lately, however, you and your partner are not always seeing eye to eye.

With some foresight, you may have drafted a partnership agreement early in your business relationship. That agreement can guide you as the two of you make decisions about the direction in which you want to go. If no such agreement exists, you may want to consider how you can protect your interests in case the disputes escalate into a storm.

A merger is a complicated legal process

Whether in Texas or elsewhere, companies that combine typically do so with the purpose of benefiting all parties involved. A business merger is a complicated legal process. If you choose to pursue a merger as a company owner, it will take careful planning to ensure a smooth execution.

Are non-compete agreements enforceable in Texas?

Non-compete agreements are a popular way for businesses and companies of all types and sizes to protect their intellectual property and trade secrets. Employers can ask new employees to sign contracts that would only take effect after the employee-employer relationship ends. While there are a variety of reasons why non-compete agreements can be beneficial, they should be carefully worded and drafted with the help of an experienced attorney.

In some cases, a non-compete contract can become the center of a legal battle between a person and his or her former employee. The court may closely scrutinize these contracts, and, as an employer, you would benefit greatly from experienced guidance when developing this type of contract.

Why non-compete agreements are important to your small business

If you run a small business in Texas, you may have the goal of building a staff that is like an extended family. You hope to hire employees who are enthusiastic and reliable, and you want them to feel that you trust them. This may be one of several reasons why you may be reluctant to ask your new employees to sign a non-compete agreement.

However, a non-compete contract - or any covenant that restricts competition - may be valuable to a small business in many situations. Much like a prenuptial agreement does with marriage, the non-compete contract can minimize complications and costs if an employee leaves your company.

Know the costs associated with buying a house

Buying a house in a new neighborhood is one of the most exciting things you can do. Your home may also be your biggest investment, and it's important that you prepare for the responsibility that comes with it. No longer can you call your landlord to fix appliances and common problems, but the pride that comes from owning your own home more than makes up for it.

Requirements for getting your small business started in Texas

Starting a business can be one of the most significant decisions you ever make and the legal process can seem daunting. Each state has different laws and regulations regarding the formation of small business and having an understanding of them before you get started will make things easier for you as you go about the process of forming your small business in the state of Texas.

Business structure

Before you can register your newly formed business, you must decide how your business will be formed. There are many different types and each has its advantages and disadvantages in different circumstances. The different types of business structures include,

Understanding mechanic's liens in Texas

Buying a home should be an exciting, fun time for any family. Unfortunately, many end up with bad experiences because they didn't do their homework first. Before you buy a home, there are many details you can't afford to overlook. Once you're approved for financing, the house has passed inspection and you are ready to move in, there may still be one problem with your home you are unaware of. In order to cross everything off your list when buying a home, you may want to first check to make sure you don't have a mechanic's lien against it or determine if you are responsible for it.

When should you consider action for a non-compete violation?

Clarity is the most important detail in any contractual agreements. It is a legal essential, yet certain documents always have more terminology that is left open to interpretation. The non-compete waiver an employee signs when changing jobs is among those, with key elements that determine if it is enforceable if it is challenged in court. The agreement is a means of protection for the business but it cannot hinder the former employee's prospects.

Key terms

Texas courts enforce a non-compete by how reasonable the demands are.

Specifically this pertains to:

  • Protection of business assets and information
  • Scope of non-compete (meaning time period of the agreement and job duties before and after)
  • Geography of non-compete

TELL US ABOUT YOUR LEGAL ISSUESchedule A Consultation Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Cain & Associates
508 N Ridgeway Dr.
Cleburne, TX 76033

Local: 817-506-3233
Local: 817-506-7061
Fax: 817-645-1739