Business conceptDebbett Runnup Partnership, a Texas general partnership, was sued by Widgets R Us in 2010 for failing to pay Widgets R Us invoices. Judgment was granted to Widgets in 2012 against Debbett Runnup for $300,000. After chasing Debbett for over three years, Widgets’ lawyer Plinn T. Agreshun realizes that Debbett is penniless. Knowing that partners

With 2015 upon her, Cinda Bossey is making her action item list for her business, Bossey Boots.  Although the bulk of her time and efforts are spent on getting the business running and generating revenue, occasionally she asks herself whether she has cleared all of the necessary legal hurdles.  What should Bossey ask her attorney?

Cleve and I recently discussed how a business owner’s divorce might result in losing control of the business. While loss of business control by marital divorce is a real threat, many business owners lose their companies through “business divorces” after squabbling with their investors.

Some new businesses are overnight successes, like Ben Distiller’s Texas Whiskey

The middle of the holiday season means more than just busy shopping malls.  It is also the time when many people host holiday parties.  After attending Mora Rounds’ holiday party and consuming several adult beverages, Bitu Tipsy agreed to drive her friend Shannon home.  Shannon did not know Bitu had been drinking.  Unfortunately, Bitu crashed

Richard and Rachel Rich married 30 years ago and enjoyed a tempestuous union ever since. One year prior to their marriage, Richard started up a small computer products company, Orange Computers. During the marriage, Orange Computers’ business skyrocketed after the introduction of their premier line of attractive digital personal assistants. Even after taking his business public, Richard still owned a majority share of Orange’s stock and was believed by the public to be the digital guru responsible for its success.
Continue Reading Protecting your Business from a Lack of “Wedded Bliss”

While riding the perimeter of his South Texas ranch in preparation for the upcoming dove season, Gaul Derrnit spies trespassers crawling through a new hole in his fence.  Twice before other illegal immigrants damaged Gaul’s fences and gates, water lines and water storage tanks, vandalized his property, burglarized an isolated ranch home and left massive