HB 21 & HFCs: How Changes to Housing Finance Oversight Affect Developers
HB 21 closes the door on some of the most flexible interpretations of HFC authority. Going forward, HFCs must operate primarily in the jurisdiction where they were created.
Are Corporate Shareholders Losing Voice? Understanding SB 29 & SB 1057
Two new laws passed in Texas—SB 29 and SB 1057—are making it harder for shareholders to hold corporate leadership accountable. Depending on your perspective, that’s either overdue protection or a concerning step away from corporate transparency. SB 29 codifies and strengthens the “business judgment rule,” protecting directors and officers from personal liability for decisions made in good faith—even […]
Part Two: Oil & Gas Leases or Contracts – Getting the Right Parties
When an oil company, or a “land man” representing an oil company or an interested promoter, approaches a landowner seeking a lease to explore and produce oil, gas & other minerals from a tract of land, there are several factors property and rights owners need to investigate and consider. We’ve talked about the need to […]
How to Draft a Cost-Effective Will
Old or young (“younger the better” – ‘cause you never know when it’ll be needed) – one of the best ways to ensure your savings, collectibles, heirloom linens, your favorite firearm, that 1929 Ford Model A – or just your favorite ratty old books – is to have a valid will. It’s a wise investment […]
Part One: Parameters & Principles of Land Ownership in Oil & Gas Negotiations
A “land man” comes a callin’ to your front gate. It was a welcome and fairly common occurrence in the Permian Basin of West Texas & New Mexico where I grew up to have these men come to your property. Happily, it has become very common in the Eagle Ford Shale play of South & […]
Don’t Ignore The Information Report
A simple document known either as the Texas Franchise Tax Public Information Report or Ownership Information Report can cause some businesses to lose the benefits of corporate protection or, in other instances, delay important transactions such as loans. Small business owners – and even some professionals – frequently overlook or incorrectly prepare this simple but […]
Beware of Business Deals Online
Have you noticed Internet ads for “Investor Needed,” “Partner Needed,” or “New Invention?” These ads typically pitch investment in a new product, a “sure-to-be-profitable” business, or real estate. Entrepreneurs who’ve cashed in on good ideas are popular thanks to shows like “Shark Tank.” While fears of the stock market linger, the average consumer with a […]
Don’t Let Deed Restrictions Flip You
Some of the most intriguing shows on TV are home-remodeling programs. After seeing the before and after versions of a property, you may be tempted to tackle a renovation on your own home or flip a property. But before you pour your savings into a project, you should know these two little words: restrictive covenants. […]
Top 5 Things You Shouldn’t Overlook When Starting a Franchise
Franchised businesses dominate the local service economy, offering everything from food and beverage service, tax return preparation, plumbing, lawn care, and even babysitting. The appeal is easy to see: the best franchises offer instant credibility, training, and operating procedures. In exchange, you pay the franchisor an initial fee and an ongoing “royalty.” Many also charge […]
Donald Sterling’s Lessons for Businesses
Whether you agree with V. Stiviano’s decision to publicize a recording of L.A. Clippers owner Donald Sterling, the debacle is a good reminder for business owners and employees that their actions, both inside and outside the business, can impact the company and its brand. In Sterling’s case, his girlfriend secretly recorded the longtime L.A. Clippers […]