Can’t get information from the LLC or LP you invested in? Texas Legislature gives you the right to attorney’s fees.

If you invest in ownership in a Texas corporation, limited liability company ("LLC") or Texas limited partnership ("LP"), and get shut out or suspect some act of mismanagement, the right under the Texas Business Organizations Code to ask for documents is an essential protection.

But until the 2017 Texas legislative session, if the...

Can’t get information from the LLC or LP you invested in? Texas Legislature gives you the right to attorney’s fees. Continue reading…

Halloween for Private Company Investors: be Very Afraid of Phantom Income

Most private company investors are not tax experts, but developing a working knowledge of the potential for the business to generate phantom income is critical to avoiding unwelcome, tax consequences.  What is phantom income exactly, and why does it matter?  This Blog post focuses on answering that question to avoid ghoulish tax surprises...

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Family Law Post (Part II) – What’s Love Got To Do With It: The Business, Financial and Other Benefits Of A Marital Pre-Nup

Couples often spend months planning their wedding day details, from the color of the flowers to the icing on the cake.  What they often overlook, however, are the legal rules that will govern their property once they are married.  While the topic lacks romance, couples should seriously consider the benefits of entering into...

Family Law Post (Part II) – What’s Love Got To Do With It: The Business, Financial and Other Benefits Of A Marital Pre-Nup Continue reading…

Family Law Post (Part 1) – Love Is Forever, But A Pre-Nup May Be The Better Bet: The Financial And Other Benefits Of A Marital Pre-Nup

Not so long ago, marital pre-nups were viewed as devices solely for use by the rich and famous, who never seemed to stay married for long.  In today’s world, however, couples from all walks of life face a myriad of important financial and personal issues that a pre-nup can help them to address. ...

Family Law Post (Part 1) – Love Is Forever, But A Pre-Nup May Be The Better Bet: The Financial And Other Benefits Of A Marital Pre-Nup Continue reading…

Ducks Don’t Walk, Talk or Sign Partnership Agreements: Dallas Court of Appeals Reverses $535 Million Verdict for ETP

Since 2014, Energy Transfer Partners LP (“ETP”) has been fighting to hold on to the $535 million judgment it obtained that year against Enterprise Products Partners (“Enterprise”).  Our blog post earlier this year analyzed ETP’s efforts to persuade the Dallas Court of Appeals that ETP and Enterprise, two sophisticated companies in the...

Ducks Don’t Walk, Talk or Sign Partnership Agreements: Dallas Court of Appeals Reverses $535 Million Verdict for ETP Continue reading…