Corporate Transparency Act – Act Now! With the 4th Quarter of 2024 arriving, the December 31, 2024, deadline for filing the required Beneficial Owner Report under the Corporate Transparency Act (“CTA”) for any company formed before January 1, 2024 is rapidly approaching.  If you haven’t already filed your report, your time is running out.  Despite […]

Disadvantages of a General Partnership The Texas Business Organizations Code defines a partnership as “an association of two or more persons to carry on a business for profit.” Whether those individuals intend to create a partnership is immaterial for determining whether a partnership is formed. Because of this, business partners who decline to create an […]

The Importance of a Buy/Sell Agreement Many small business owners understand the importance of creating an LLC or similar entity to protect the individual owners from potential liabilities of the company. However, standard operating agreements or bylaws of these entities typically do not include stipulations covering what will happen in a prospective event that will […]

FTC’s Final Rule – Are Non-Competes Completely Unenforceable? The Federal Trade Commission (FTC) issued a final rule finding non-compete clauses in connection with employment relationships to be in violation of Section 5 of the FTC Act and bans employers from entering into or enforcing non-compete clauses nationwide. The FTC issued this rule on April 23, […]

Post-Marital Agreements Waldron & Schneider recently published a post detailing the necessities and utility of entering into a premarital agreement or prenup. This blog post follows by detailing post-marital agreements as an option for dictating the terms for property distribution in the event of a divorce. Post-marital agreements may additionally be referred to as postnuptial, […]

Enforcement of an Unwritten Contract A contract is typically a document between two or more parties which lays out an agreement by each side to perform certain actions. Sales of homes, purchases of businesses, and insurance agreements are all common examples of lengthy pages of terms and conditions which are eventually signed before the contract […]

Vicarious Liability of an Employer In 2022, the Texas Supreme Court heard Cameron International Corp. v. Martinez regarding potential liability of an employer for an employee’s car wreck after leaving a jobsite. The facts of the case included an oilfield worker leaving a four-day job to meet his supervisor for dinner before restocking his personal […]

Supreme Court of Texas Contract Interpretation Case On November 2, 2023, the Supreme Court of Texas issued an opinion in U.S. Polyco, Inc. v. Texas Central Business Lines Corp. regarding contract interpretation. Specifically, the case involved a contract requiring further writings for certain land improvements to be made. The contract did not specify whether these […]