A handshake to seal the deal may not be all that you need. Some people are proud of their handshake as a badge of honor. And they should be! After all, it is good to be honest and trustworthy. But there may be times when a handshake isn't enough, and the reason why may have nothing to do with "trustworthiness" and everything to do with the potential for misunderstanding. In every deal … [Read more...] about Do you Need a Formal Contract?
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The law requires that a Form I-9 must be filled out by every employee upon hire (or re-hire) and kept by the employer. The I-9 is the form that officially verifies that the employer has reviewed documents that prove that the hired person is eligible to work in the United States. From time-to-time, a new I-9 form is issued by the government. For that reason, it is not recommended for employers … [Read more...] about For Employers & Managers: Understanding the I-9
We often have clients come to visit us with legal troubles who shake their heads and say, “I KNEW I should have gotten that in writing!” In some situations, having a contract isn’t just a good idea, it’s a legal necessity! Under the law in Texas, and in many other states as well, there are some agreements that must be in writing in order to be enforceable. This law is called the “Statute of … [Read more...] about Get it in Writing!
If the U.S. government does shutdown temporarily the effects will be felt in various ways. This is a basic list of general effects that we can expect for the types of cases we handle at this firm. In general: all "nonessential" governmental functions will be shut down. This could affect your ability to obtain information from some of the informational "800" numbers operated by the federal … [Read more...] about Update for our clients; How a Federal Governmental Shutdown Might Affect You and Your Case
If you are considering selling your business, there are things that you can do to prepare in advance and make the process easier. It is often very helpful to have a legal consultation early in the process, to guide you in organizing your thoughts and your documents. If you have a business organization set up already (corporation, partnership, LLP or LLC), you should make sure that the … [Read more...] about Prepare in Advance for The Sale of Your Business
There are three main considerations when deciding whether or not to change the form of your business. 1) Tax benefit; 2) liability protection; and 3) the time-cost analysis of changing your company’s legal status Tax Benefit: Oftentimes the tax benefit analysis is not a “legal question”, but rather an “accounting question”. If you are unsure of whether you might benefit … [Read more...] about Three Things to Consider When Deciding Whether to Incorporate