by Staff of the Firm | Jun 9, 2016 | Business Management, Partnerships, Personal Liability, Texas Law Update, Uncategorized
In our previous post, Can a Partner Be Held Liable for a Partnership Debt in Texas?, we discussed the Texas Supreme Court’s holding in American Star Energy and Minerals Corporation v. Stowers[1] that a creditor cannot sue individual partners to satisfy a partnership...
by Staff of the Firm | Jun 2, 2016 | Business Management, Partnerships, Personal Liability, Texas Law Update, Uncategorized
In American Star Energy and Minerals Corporation v. Stowers,[1] four partners formed a general partnership called S&J Investments (“S&J”) to invest in oil and gas properties. S&J contracted with American Star Energy and Minerals Corporation (“American”)...
by Staff of the Firm | May 26, 2016 | Business Management, Partnerships, Personal Liability, Texas Law Update, Uncategorized
In American Star Energy and Minerals Corporation v. Stowers,[1] four partners formed a general partnership called S&J Investments (“S&J”) to invest in oil and gas properties. S&J contracted with American Star Energy and Minerals Corporation (“American”)...
by Staff of the Firm | May 19, 2016 | Business Management, Partnerships, Personal Liability, Texas Law Update, Uncategorized
In our previous blog series on general partnership, we talked about what general partnership is and why it is important for business owners to know about it. We wrote that, despite the advent of limited liability companies (LLCs), business owners frequently form a...
