Welcome to the new year. I hope you are excited about starting and/or growing your business. I have several new projects on the front burners, and I am quite eager to get going. Until I am ready to post those, check out the legal tips below to help you get going in this new year.
When you register a Texas LLC with the Secretary of State, Article 3 on the Certificate of Formation asks whether it will be governed by either A. managers or B. members. In almost every instance you will want to check box A for managers because a manager-managed LLC better protects the members if and when…
Techstreet Houston just published my first article, Legal Resources, Oppa Houston Style. Check it out. Also, a big shout out to Daniel Cohen and Michele Price who are doing a great job getting the word out about Techstreet.
“I don’t want any of my employees to go work for my competitors.” -Slightly Overzealous Entrepreneur Keeping employees from jumping ship to a lead competitor is a massive headache for many companies. The solution seems simple, a non-compete contract either signed separately or as part of the employment contract that simply restricts him or her…
“Can we pay you in equity?” -Anonymous Startup Founder It’s a common question I get from potential startups/founders when I attend events at Startup Houston, Houston Technology Center or Platform Houston. The answer, as usual, is it depends. For a new startup with lots of energy and minimal funds, trading equity for necessary financial and…
A few weeks ago at the Houston Open Coffee Club, I was asked if a small business owner can self-start their own LLC. The answer, of course, is yes. One of the many things I love about the USA is the ease with which one can start a business. The first place I would start when…
If you had the good sense, and I’m sure you did, to follow the advice in part I of this series, collecting on that bad check you just got in the mail should be easy like Sunday morning. Unless, of course, you didn’t follow my advice, or the debtor has no money, or has moved…
As a business owner, we have all been there. You open your bank statement only to find one or more bad checks marked, “Insufficient Funds.” Fortunately, dealing with this common situation is easier than most people think, and with little to no effort you can quickly and easily either recover your money or put the…