Parents are often the glue that holds families together even after the kids move out and start their own families. When the parents or loved ones die, leaving behind assets, that glue also dissolves. The family dynamic then shifts. It can occur over time or break...
Pros and cons of fixed-price building contracts
Builders use different types of contracts. For example, some builders will bill by the hour, while others will quote the price in advance and charge that amount. The latter approach is known as a fixed-price contract. These are incredibly common, but the builder and...
Take these three steps to protect the family business
Many family businesses here in Texas go back several generations with lasting legacies. However, the current caretakers of the ranch, store, restaurant or business need to adapt and grow to keep the lights on and prepare to pass it along to the next generation....
Connectivity is a top concern for commercial real estate
Developers have a long list of priorities when launching new building projects. At the very top of that list is likely location and recognizing a need in a market for the project, which can better ensure the property is a lucrative investment of effort, time and...
Look for these red flags when negotiating a contract
Effective and enforceable contracts are one of a company’s most important tools. The right agreement can build a solid foundation for a fruitful working arrangement between a company and its vendors, employees and customers. Contracts that are not strategically and...
Do companies need to announce they face litigation?
Federal securities law requires publicly held companies to release financial reports. If there is the possibility that a lawsuit will affect profit margins, the corporation should include this information in the report. It risks fines, penalties, sanctions, and the...
Is it time to end a partnership?
Business partnerships are a lot like a marriage. Ideally, the partners work together for years, perhaps many years, aiming toward a common goal. As the business grows, the partnership proves to be prosperous, and each partner contributes equally to that success. Also...
Make sure that your will is properly executed according to state law requirements
If you are a careful person who likes to plan for the future and doesn’t like to take unnecessary risks, you have probably spent a lot of time thinking about what you want your estate plan to do once you are no longer around. It would be a shame, then, for a judge to...
Dark-store theory continues to thrive
Dark-store theory has emerged since the great recession as a premise for changing the value of a commercial property. During the previous economic downturn in the late-2000s, owners argued that big box stores and other large commercial properties were overvalued by...
When does the seller make concessions in selling commercial property?
Real estate buyers may ask for certain concessions to make the deal more appealing, or the seller may offer them to sweeten the deal. This can involve lowering the price or adding other benefits the buyer wants. Conversely, the seller may not want to provide the...