A beautifully drafted set of seller promises is worth very little if the cap is too low to recover under or the basket is structured so you can never reach it. This article explains how caps and baskets control post-closing liability in a business sale,…
Many business buyers assume a Letter of Intent is just a non-binding handshake on the purchase price. However, failing to lock in specific legal protections—or…
More than a decade after the JOBS Act, Congress is moving to cut the remaining red tape that holds back early-stage investment. The INVEST Act proposes significant…
When you buy a business, you must also secure its operating capital. This article explains how to set a Net Working Capital Target to avoid overpaying or suffering a…
Most business buyers see seller financing simply as a way to bridge a capital gap. But its most powerful function is strategic: a seller note ensures the seller has…
In nearly every business sale, the buyer and seller start with opposing goals for the deal's structure. Buyers push for an asset purchase to shield themselves from…
This article demystifies convertible notes for early-stage founders, explaining how the instrument converts short-term debt into equity and unpacking key terms such…
The indemnification clause acts as the financial referee after a business sale, making the seller responsible for costly surprises and broken promises that surface…
With Texas storm season well underway, PKC Founding Partner and trial attorney Drew T. Peters breaks down how to spot bad faith insurance practices after hail, wind,…
Small business acquisitions can come with unforeseen landmines hidden in the books, the customer relationships, and the team’s institutional knowledge. Taking the…
Learn how SAFEs can streamline your early-stage fundraising strategy. This quick guide provides startup founders with an overview of Simple Agreements for Future…
The extended deadline for most companies to file their Beneficial Ownership Information report under the Corporate Transparency Act is now March 21, 2025. While…
In this article, PKC corporate partner Robbie Crosier explains how the legal standards for LLC liability protection in Texas have evolved, particularly since 2011,…
Leasing equipment offers businesses a flexible way to manage costs and stay current with evolving technology. This article breaks down the types of equipment leases,…
Navigate franchise agreements with confidence. Learn what to review in Franchise Disclosure Documents (FDDs) and key provisions, from fees to noncompete clauses, to…
A federal court in Texas has issued a nationwide injunction, halting enforcement of the Corporate Transparency Act’s reporting requirements.
Protect your personal assets and keep your business running smoothly by observing corporate formalities. Learn how proper recordkeeping, compliance, and best…
The FTC's "Click to Cancel" rule streamlines subscription cancellations, requiring businesses to make the process as simple as signing up. This update ensures…
Deciding between buying into a franchise and starting your own small business can be a tough call. This article breaks down the benefits and drawbacks of each…
Funding a trust is a critical step in ensuring that your estate plan works as intended. This guide covers the essentials of transferring assets into your trust to…
Here’s what you need to know about the FTC’s ban on noncompete agreements, as of early August 2024.
Learn the basics of intellectual property protection with this short overview from your legal team at PKC.
Explore the important role of shareholder agreements in closely held corporations to mitigate risks and ensure long-term success. Learn how these legal tools can…
Explore the advantages and disadvantages of buying a franchise, including legal considerations and the impact on control and creativity. Learn what it takes to…
Explore the critical aspects of annual meetings for LLCs and corporations, including legal requirements, practical business reasons, and compliance tips to safeguard…
Discover essential strategies for selling your family business to an outsider, including the importance of pre-diligence, accurate business valuation, and securing…
Uncover the essentials of due diligence when buying a business to navigate potential risks and make informed decisions during mergers and acquisitions.
Explore a step-by-step guide on acquiring a Main Street business in the Dallas-Fort Worth area, from initial search to final acquisition.
Discover how seller financing in the purchase of a main street business offers financial advantages to the buyer and ensures the seller remains invested in the…
In this article, learn how and why to form a Texas PLLC to represent your professional practice.
This post distinguishes legitimate use cases for holding companies from common misconceptions. Explore how these structures can offer anonymity, asset protection,…
Taking the time to slow down and run a trademark search before launching your startup could save you a lot in the long run. This quick article explains how.
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