From January to the end of May, the Texas legislature met in Austin to discuss and vote on new legislation for the state, some of which may directly impact you and your business. Here’s a breakdown of the most significant changes for business in 2021-2022. Texas Tax Code 313 This law, part of the Texas… Read More »
Austin Commercial Real Estate Forecast: Red-Hot in 2021
The signs are everywhere; from the headlines to the cranes to the population increases, the commercial real estate in Austin is booming. For nonlocals, the secret is out. According to Mike McDonald, vice chairman of Cushman & Wakefield, “It’s the hottest market in the country right now.” Business Flocking to Austin Business has always been… Read More »
Protect Your Digital Assets with Intellectual Property Law
Many online and eCommerce businesses recognize the value of their digital assets. In fact, their digital assets may be the primary source of value for their business. Operating a business in the digital marketplace, however, poses risks to these assets: they can easily be stolen or duplicated by other entities. Fortunately, with the help of… Read More »
The State of Texas v. Griddy Holdings LLC: From Frigid Air to Hot Water
For some local businesses, the fallout from the great February freeze persists – plumbing problems, flooring to be replaced, furnaces gone kaput; but for Griddy Holdings, an electricity service provider that exclusively serves Texas, the freeze may never end. In a press release from March 16, Texas Attorney General Ken Paxton announced that his office… Read More »
Business Disputes May Be the Reason Your Small Business Fails. Here’s Why.
A frequent source of failure for many fledgling businesses isn’t a lack of capital. Getting proper funding to get your idea off the ground is, of course, required to start a small business in the first place. But after the machine is moving, internal and external business disputes are among the most common causes for… Read More »
March 2021 Update: Governor Abbott Lifts COVID-19 Restrictions
On March 2, Governor Greg Abbott issued Executive Order GA-34 that lifted the mask and occupancy limit mandates in Texas on the state level, effective March 10, 2021, and only gives counties the authority to re-impose the restrictions under certain circumstances, including hospitalization rates, and with some limits. How This Impacts You If you’re a business… Read More »
Merger and Integration Clauses
Commercial contracts are central to the day-to-day operations of your business. Merger and integration clauses document that your written contract alone governs the relationship between you and the other party and that there are no oral or written agreements outside of the contract. These clauses are enforceable and can protect your interests. How M&I Clauses… Read More »
How to Build Your IP Protection Strategy
Your inventions and market innovations; your brand and the goodwill associated with it; the secrets that give you a competitive edge; and your creative and professional employees are all critical intellectual property assets. When protecting these assets, it is vital to take a comprehensive and proactive approach to the identification, acquisition, protection, management, and commercialization… Read More »
The Basics of Business Liability Insurance
Business liability insurance may be one of the most important investments you make when starting and running a business as a way to protect your company and its assets against a potential lawsuit. Most insurance companies that provide liability insurance will hire a lawyer to defend you and also have money to pay to settle… Read More »
What Can I Expect When Selling a Business?
The prospect of selling a business can be both exciting and daunting. This general overview walks you through the typical purchase process for small and mid-market sellers. Letter of Intent (LOI) After initial conversations on the prospect of engaging in a sale, the prospective buyer will send the seller a Letter of Intent (LOI) to… Read More »
Four Tips for Purchasing a Healthcare Company
Purchasing a healthcare company is an exciting prospect and one for which Richards Rodriguez & Skeith has helped guide numerous investor clients. The healthcare field is critical to all Americans and it has been experiencing significant growth over the years with an expected 5% growth in spending through 2023. With an increased focus on developing… Read More »
How to Audit Your Key Contracts and Relationships
Your most pivotal business relationships are built on the foundation of your contracts. They can also serve as your lifeline when you face unprecedented changes. Do you know which of your contracts will be most critical to your company in 2021? Do your current financial projections justify maintaining the contracts you have in place? No… Read More »
Should I Move My Business to Texas?
“Should I move my business to Texas?” If you’re asking yourself this question, then undoubtedly you have heard the hype about Texas. Many tech, manufacturing, education, and energy companies have made a home in the Lone Star State in increasing numbers in the last decade. To some from the East or West Coast, Texas may… Read More »
My Building has Construction Defects – Now What?
A Study of the Austonian In Austin, the high-rise residential building called the Austonian was the tallest building in the city when it opened in 2010. The building is a striking piece on the Austin skyline and can be seen from miles away. The building houses luxury suites and penthouses with some of the highest… Read More »
Four Tips For Purchasing a Technology Company
Here in the era of remote work, digital meccas, and increasingly complex technological advances, many non-tech business owners have turned towards investment in tech. It’s a reasonable conclusion to reach, given how much of both our personal and professional lives are moving online, and how many others have done so to significant financial reward. For… Read More »
