When you are building your business, you should think about creating an employee handbook once you start hiring employees. Without one, you can have a harder time enforcing employee rules and you even could face legal problems down the road.Yet the thought of creating...
Dallas Business Law Blog
5 ways you can help protect your company’s trade secrets
Trade secrets are invaluable to your company's success. Unfortunately, this value also makes them attractive to thieves. Once your trade secrets have fallen into the hands of your competitors, they are all but worthless.Although theft is a constant threat, there are...
Why LLCs need written operating agreements
During the start-up business process, a written operating agreement is a necessity for a limited liability company (LLC). This document provides detailed plans regarding ownership and the duties of its members, who are the business owners. In addition, an operating...
Who will take over my business?
It can be exciting to own your own business. Once your company is up and running, you have the feeling of limitless opportunity.An essential part of owning a business is deciding who will take over when you retire or pass on. Life can be unpredictable, so it is never...
Can a pandemic put business trade secrets at risk?
As a business owner, the assets you need to protect reach far beyond your cash flow. Your intellect is the foundation for your concept; your trade secrets make your business model unique.If authorities do not consider your employees essential, you likely wonder how...
Will litigation lead to my trade secrets being revealed?
One crucial characteristic of any trade secret is that it remains secret. It is right there in the name. In fact, the owner of this type of valuable information must take "reasonable measures" to ensure it remains classified - otherwise the law may not consider it a...
Take control of your company’s cybersecurity
Cybercriminals are becoming increasingly bolder and more sophisticated in finding ways to infiltrate computer systems for public agencies and private businesses. Texas Governor Greg Abbott said recently that state agencies detected 10,000 attempted attacks per minute...
Estate planning advice for small business owners
It doesn't matter if you're wealthy or only live a modest life; estate planning is for everybody.Estate planning for business owners is different than for the everyday individual. You may need to account for buy-and-sell agreements, a succession plan, and tax...
Six reasons to update a business plan
Entrepreneurs across Texas know that in today’s competitive and fluid marketplace, it takes more than just a good idea to stand out in the crowd. Growing a business involves making strategic and deliberate decisions that include reassessing and revising business...
Some mediation strategies for business disputes
If you’re a business owner, you already know. If you’re starting your first business now, you’ll soon find out. About 36% to 53% of small businesses get involved in litigation at some point in any given year. Most business litigation never gets to a...