Recently, we have been advising some clients and potential clients regarding possible acquisition opportunities created by the COVID-19 pandemic. The changing customer base and buying habits are substantially changing numerous industries and are creating opportunities...
Plano Texas Legal Blog
In Texas, it does matter how you sign your contracts!!
I continually stress to our business clients that they should always sign any contracts, agreements, purchase orders, change orders, or other written documentation with their company's signature block and their representative title, if they intend the agreement to be...
I would like to introduce you to our “Family’s Attorney!”
In my role as Collin County Commissioner for Precinct 4, I attend a lot of functions, including dinner parties and community events. I don't talk about who I represent unless I have their prior approval, and even then, I am uncomfortable with doing so. So generally, I...
The Limitations of an Affidavit of Heirship
We often get calls asking about Affidavits of Heirship, and if they are a good alternative when a loved one dies without a Will. Affidavits of Heirship can be a tempting alternative to instigating a probate proceeding because of the substantially lower initial cost,...
Ownership of Out of State Real Property
We continue to have a lot of new and existing clients whose loved ones have died with real property interests in other state. They are often surprised when we advise them that in order to transfer title to those interests, they will need to file and go through that...
Did you know that…
The IRS requires that a person or entity possessing an IRS employer identification number ("EIN") has 60 days in which to report a change in its "responsible party" designation using an IRS Form 8822-B. Further, beginning May 13, 2019, the "responsible party" can no...
I want to start a new business and need a LLC
We get a lot of telephone calls and emails from potential clients regarding the creation of a new business or real estate venture or investment. Invariably the potential client asks us for our estimate of the charges to create the new entity and then asks us why they...
26 Items to Get Your Estate in Order
With the new year starting, I thought it would be good to review and re-post my simplified checklist of the twenty-six items you can do to get your estate in order prior to death.One of the greatest gifts you can leave your survivors is an organized estate. The time...
What Happens to Your Will After a Divorce
Going through a divorce is never a pleasant experience. Divorces impact and disrupt family, financial and personal matters and are normally emotionally charged events in the couple's life. Divorces also impact decisions that were made in regards to estate planning...
Why Your LLC Needs an Operating Agreement
Setting up an LLC in Texas is a relatively simple task that requires very little information. To successfully form an LLC in Texas you only need to provide the name of the LLC, the registered agent's name and address, identify the LLC's members or managers, a...