There are many reasons that people with pre-existing relationships might run a business together. Sometimes, siblings or cousins inherit a family business jointly. Other times, friends or relatives decide to combine their resources to purchase an existing company or...
Owning or helping to operate a successful business typically does not happen by accident. It is the result of years of hard work and dedication on the part of a professional. Yet, no matter how important a company is to an individual, eventually they need to arrange...
Any business in Lafayette can benefit from an operating agreement. Limited liability companies (LLCs), in particular, enjoy advantages with these agreements. Every business owner should understand the basics of these documents. What is an operating agreement?...
Business succession planning in Louisiana is important for those who want to retire, reduce their involvement in the company's day-to-day operations or pass the company on to their heirs. If you want a smooth transition, it is essential for you to choose the right...
Your Louisiana business will in some cases start out as a sole proprietorship. This means that you and your company are the same entity for legal and tax purposes. However, you have the option of converting your business to a partnership, a limited liability company...
For a business to be successful in Louisiana, there must be a good working relationship between the parties involved. One way to ensure this is to create a legally binding contract that everyone follows. This way, everyone knows what is expected of them, and there are...
Successful businesses grow organically by adding new staff members or opening new facilities. When the owners or executives of a company have substantial resources, they can also expand the business through acquisitions or mergers. Whether your company intends to buy...
Starting your company is exciting and you may not think of the moment you’ll leave your business. But, if retirement is in your future, you may need to start thinking about creating a succession plan. A business succession plan helps companies outline a strategy to...
In a significant win for all policyholders in the energy sector, the Supreme Court of Texas reversed a lower appellate court ruling which allowed a consortium of Lloyd's underwriters to limit their indemnity obligations to pay for defense expenses incurred by Anadarko...
It takes quite a lot of energy, dedication, time and commitment to run your own business. Many people risk all they've built in their business by not having the proper insurance policies protecting the company. Today, we will take a look at the insurance policies you...
