By Eric Thiergood | Published August 24, 2015 | Posted in Uncategorized | Leave a comment
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The Texas Series LLC: The (Kind of) New Kid on the Block
TEXAS SERIES LLC BACKGROUND On September 1, 2009, Texas joined Delaware, Illinois, Iowa, Nevada, Oklahoma, Tennessee and Utah as the handful of states in the U.S. at the time that permitted the formation of a relatively new entity type known as a Series limited liability companies (a “Series LLC”). While a Series LLC shares many Read More
Read MoreProperly Classifying Employees and Independent Contractors
Is your “independent contractor” actually an employee? While it seems like a relatively simple question, the ramifications are substantial to a business owner. Misclassifying and paying a worker as a 1099 independent contractor, when in reality he or she should be treated as a W2 employee, can result in a variety of consequences for the Read More
Read MoreIt’s Not Me, It’s You: Business Divorces in Partnerships, Closely Held Corporations, and Limited Liability Companies
There are many ways that business partnerships are like a marriage. Both create legally binding obligations on those who enter into them. And just like a marriage, a business partnership requires commitment, trust, and hard work; each person involved must do their part in order for the venture succeed. Despite the colloquialism “it’s just business” Read More
Read MoreExtroversion vs. Introversion: Learning How to Adapt to a Client’s Personality
As a business, The Strong Firm understands the value of knowing and utilizing personality types within the firm to promote synergy amongst the staff in order to meet client objectives and deadlines. Recently, the firm brought in a personality assessment specialist to administer the Myer Briggs personality assessment test on all employees. Not only was Read More
Read MoreBeware of Unintended Partnership: Planning your Business Relationships
A partnership is the default business arrangement between two or more individuals that go into business together. Therefore, the failure to define the understood business arrangement between two or more people can result in litigation asserting that a common law partnership was formed. Indeed, partnership litigation often catches at least one “partner” completely off guard Read More
Read MoreCommercial Tenant Eviction
Although a commercial tenant does not have the same statutory protections provided to residential tenants, there are still specific legal procedures, as outlined in the commercial lease and the Texas Property Code which are vital to a proper eviction process. Below is a rough outline of some considerations important in a commercial eviction: Step 1 Read More
Read MoreKnow Your Role: Fiduciary Duties of the Corporate Director
For most legal issues, Texas corporations are governed by the Texas Business Organizations Code. However, one topic that is not expressly addressed is the fiduciary duties of corporate directors. Instead, case law has established the principle that directors owe their corporations three general fiduciary duties: a duty of obedience, a duty of care, and a Read More
Read MoreOur Home in Hughes Landing –The Dust Is Beginning to Settle
It is hard to believe that this summer The Strong Firm will celebrate one year in Hughes Landing. When we arrived to our new offices in August of 2014, we did so based upon the vision and promise of The Howard Hughes Corporation of a magnificent 66 acre development built on the banks of Lake Read More
Read MoreOne on the Bench or Twelve in the Box: Strategic Considerations in Requesting a Jury
Modern litigation is a game of inches. It is increasingly rare that cases are won or lost based with a single piece of evidence, or the ruling on one motion. Instead, the parties spend months, or even years, engaging in a series of small skirmishes over jurisdiction, venue, choice of law, discovery, and procedure, seeking Read More
Read MoreWork-Life Balance
While browsing on LinkedIn the other day, I stumbled across the following quote posted by a shared connection, “There is no such thing as work-life balance. Everything worth fighting for unbalances your life.” -Alain de Botton I felt uneasy after reading it mostly because it goes against most of the professional advice I have received Read More
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