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...
Running a business is challenging, even for the most prepared owners. Whether you have a small business or run a large corporation, you will need to enter into various contracts with employees, clients, vendors and other entities. If someone involved in those...
Officials in Louisiana have voted to block the involvement of two of the country's largest banks from a road project in the state. The State Bond Commission, by a vote of 7-6, will not allow Bank of America and Citigroup to take part in a $600 million road project....
There's nothing more stressful than entering into a contract with another party. Both sides will worry and wonder if the contract will be fulfilled and if not, what the ramifications will be for either side. Breaching a contract is a major issue in the business world,...