An earlier version of this article did not mention that “time warrants” are, like all city and county debt, subject to the requirements of the Texas Constitution, Article 11, Sections 7(a) and 5(a), as applicable. Please consult your city attorney and/or bond counsel prior to the issuance of any time warrant to determine the most...
During this time of crisis, the legislature is passing significant legislation in order to aid the economy along with employers and employees. One of the major acts passed is the Families First Coronavirus Response Act. There are two provisions of the Act the Emergency Family Leave Expansion Act and the Emergency Paid Sick Leave Act...
Mar242020
3/30/20 UPDATED Steps to Obtain SBA Disaster Relief Loan Businesses are facing unprecedented hardships due to the impact of the novel coronavirus (“Covid-19”). Our office has been working closely with our clients (business owners, landlords, tenants, lenders, borrowers, etc.) to provide guidance during this time. Although every situation is unique, one issue that is consistent...
Mar232020
If you are a business owner worried about how, or if, you can make your next loan payment, you are certainly not alone. With the COVID-19 outbreak, these are tumultuous times and like you, there are countless business owners facing the challenge of how to prioritize business expenses when cash flow is drying up. For...
Why do I need an entity? The primary reason clients set up an entity is to separate the liability of the business from the individual owners. We represent many clients who need assistance in choosing the right entity structure for their business. What’s the best type of entity for my business? In short, it depends....
Texans are famous for their intensity in property rights, especially real estate property rights. Some Texans might even say that a person’s right to own and control a piece of land is that person’s most vital legal right as an American citizen. Now, whether that is true or not is a question I’ll leave up...
Our firm is often engaged by real estate investors and entrepreneurs seeking to raise capital for their projects or companies. A company may raise capital as either debt or equity. To raise capital as equity, a Company must undertake an offering of Securities. The definition of Securities in the Securities Act of 1933 (the “Securities...