Businesses and individuals are hurting financially now. When businesses do reopen, things will not be "normal". This has left a lot of businesses, especially small ones, wondering if they can fulfill their contractual business obligations. This is why you, as a business owner, need to review all of your obligations and know your rights. Typical contracts that a small business may be … [Read more...] about Covid-19 Tip #9: Business Owners- Review Your Contracts- what if you can’t perform your obligations?
Abra esta publicación para ver el enlace en espanol "An emergency plan?", you might be asking. Isn't that how we are operating right now? Well, not necessarily. At this point in the crisis, you have already activated a lot of alternative procedures. But there is still more that you can do. This is an ever-changing situation, so we can't be sure of what will happen. The truth is, … [Read more...] about Covid Tip #8: Business Owners: Have an Emergency Business Plan
What is something were to happen to you? Would someone be able to carry on for you while you were ill and recovering? What if you were to die unexpectedly? Is there at least one other person who knows where to find "all the important stuff"? Whenever I talk with a client about planning ahead, I talk to them about more than just drafting legal documents. Yes, a Will and Powers of Attorney are … [Read more...] about Organizing Important Information “Just in Case”
Indemnification provisions are present in many types of contracts- service agreements, leases, insurance contracts, and employment agreements - to name just a few. To "indemnify" someone is to promise to pay the cost of future damage, loss, or injury and therefore to protect them from future monetary damage. Indemnity provisions are common, "boilerplate" language. This leads many careful, … [Read more...] about What are Indemnification Provisions?
If you own a business and haven't made proper arrangements, you are leaving your employees, customers, business associates, and family vulnerable. For instance, what if something happened to you? What if you were 1) disabled and unable to perform your duties; or 2) deceased? Whether you have a family business, a sole proprietorship with employees, have a partner, or are a one-person show, … [Read more...] about For Business Owners – The DANGER of Not Having a Power of Attorney & a Will!
If you are currently married and have children from a prior relationship or marriage, you should have an estate plan! Why? If you were to die, without a will, Texas law will decide who gets what, and in what amount. And that can be bad. Understand this: if you have children from outside your current marriage, and you die without a will, your children from your prior … [Read more...] about Have Children from a Prior Relationship and You Don’t Have a Will? Why That’s a Bad Idea….
The Texas Workforce Commission's Office of the Commissioner Representing Employers ("TWC") has an employer hotline to answer employer questions about basic legal issues related to hiring, work-separation, and other employment and post-employment issues. The number is 800-832-9394. There are also free resources available online. Check out the publication, "Especially for Texas Employers" that … [Read more...] about Texas Employers, Here are Some FREE Resources to Help you Run your Business!
Small business owners, you know how important it is to keep your own financial and banking information safe from digital predators. Don't forget to give your client's private information the same careful consideration. Here are some ways to do so: Keep control of your hard copies. Keep client's information in a safe place. Shred sensitive information, don't just throw it in the regular … [Read more...] about Small Business Owners, Keep Your Client’s Information Secure!