Creative And Effective Solutions For Legal Disputes
Dallas Business Law Blog
How do you shut down your startup?
According to Harvard Business School, 30% to 40% of business startups fail. That means the company liquidates all of its assets and the investors lost much or all of their investment. If you measure failure by whether the company reached its projected return on...
Many companies have sued over denied business interruption claims
When the coronavirus lockdowns occurred, some businesses thought they had insurance that would cover their losses: a business interruption policy. Unfortunately, the insurers have insisted that pandemics are excluded from most of these policies. Or worse, they refuse...
I’m being sued for breach of contract. What do I do?
If you have been served with a breach of contract lawsuit, don’t panic. It may not be fun, but it’s not the end of the world. You may fear that you will be forced to pay money, but there are a lot of steps that take place before you reach that point. Your first step...
I need to collect a business debt. What are the steps?
These days, every business needs to collect on every debt it can. When it comes to collecting business-to-business debts, you may need all the help you can get. The basic steps in business debt collection include 1) demanding payment, 2) getting a lien and 3)...
8 tips for resolving business disputes through mediation
In today’s challenging environment, no one wants a costly business dispute taking their time and attention away from keeping their business operating. Worse would be litigation, which can be expensive, time-consuming and uncertain. One way to resolve business disputes...
Is it time to consider a new entity for your business?
As your business works to get through these hard times, you may wonder if you have structured your company in the most advantageous way. The question requires attention to the same issues you originally considered: your management style, your taxation preferences, and...
Fed: Main Street Lending Program will lend to small nonprofits
For the first time since the Great Depression, the federal reserve will be lending directly to some companies through its Main Street Lending program. The idea is to target businesses that were successful before the pandemic but which are now struggling. And, the...
Is it even possible to sell your business right now?
These days, many business owners are struggling. That does not mean that your business has no value. Even with setbacks caused by the lockdowns and COVID-19, your business could have a great deal of value to the right person. If you can keep it viable or close to...
Can you legally protect assets from future creditors?
Yes, as long as you’re not doing it to commit a fraud on those creditors. In periods of economic turmoil, we often see an increase in litigation by people and entities that are trying to regain some ground or who have the right to claw back ill-gotten gains. There are...
My supplier can’t meet their contract. What do I do?
The pandemic has brought a lot of businesses to a halt this year, and that can mean problems with your suppliers and vendors. If they can’t get you what you need to complete your contracts, you could be in breach. What options do you have if your supplier is in breach...
