Recent Court Decisions: A New Attempt to Pierce the Corporate Veil
Recent Court Decisions: A New Attempt to Pierce the Corporate Veil On June 23, 2023, the Supreme Court of Texas issued an opinion involving an issue which should interest all corporate investors. The case, In re First Reserve Management, L.P., arose out of the petrochemical processing plant explosion in Port Neches, Texas the day before […]
Recent Court Decisions: Choosing Where You Litigate
Recent Court Decisions: Choosing Where You Litigate Many contracts, especially those of big corporations like your cell phone provider, go on for dozens if not hundreds of pages with excessive wording and small font. While it may not be fair to claim that they are hiding things from you, it is clear that they want […]
Small Businesses Beware: The Corporate Transparency Act
Small Businesses Beware: The Corporate Transparency Act If you own a small business or have interest in the process for creating one, you likely know that registering a business entity with the state is required. All entities that limit liability for individuals are required to register their existence with the appropriate state official as a […]
Enforcing (Or Fighting) Your Non-Compete Agreement
Enforcing (Or Fighting) Your Non-Compete Agreement Public opinion in recent years has increasingly turned against the use of non-compete agreements between employers and their employees. On May 30 of this year, General Counsel Jennifer Abruzzo of the National Labor Relations Board claimed that non-compete agreements violate labor law unless falling within a narrow set of […]
Advertisements for “Necessary” Posters After I Form My Company
Advertisements for “Necessary” Posters After I Form My Company After registering your new entity with the Texas Secretary of State’s Office, business owners or their registered agents often receive correspondence recommending that they order a Certificate of Fact or offering to sell them the Federal Labor Law posters. It is important for business owners to […]
Why do I need a Risk Assessment Policy?
Why do I need a Risk Assessment Policy? Risk Assessment Policies are a great tool to help business define and determine areas of risk or vulnerability, both to their staff and customers. A well-defined policy can help improve workplace safety as well as identify and reduce potential negative impacts of events ranging from natural disasters […]
Buying and Selling a Business – Asset or Equity Sale?
Buying and Selling a Business – Asset or Equity Sale? You’ve decided to either sell your current business or buy a new one. You’ve done a business valuation or appraisal to confirm the value of the business, including its assets, goodwill, and related factors. The next step is to determine the purchase price and how […]
I’ve Decided to Sell My Business- What Do I Do?
I’ve Decided to Sell My Business- What Do I Do? Whether you started it in your garage or bought in at the ground level, you’ve dedicated your time, energy, and talent to creating and growing your business over the last several years. Now, you’re ready to try something new – whether it’s a new business […]
Making Your Charitable Dreams a Reality – Part Two: The Application
Making Your Charitable Dreams a Reality – Part Two: The Application Once you have your nonprofit corporate entity formed, it is time to apply for tax-exempt status. The tax exemption application must be filed within 27 months from the end of the month in which it was formed. There are exceptions to this rule, but […]
Making Your Charitable Dreams a Reality – Part One: Formation
Making Your Charitable Dreams a Reality – Part One: Formation The attorneys at Waldron & Schneider enjoy helping clients make their charitable dreams come true by turning their charitable ideas and passions into an official charitable organization or private foundation. Achieving tax-exempt status requires several steps including: forming a corporate entity, obtaining an employer identification […]