by Staff of the Firm | Dec 15, 2016 | Business Management, LLC, Personal Liability, Texas Law Update, Uncategorized
In State v. Pure Tech Systems, Inc.,[1] the property at issue had been used for petroleum and hazardous substance operations dating back to the 1880s and was already subject to the state’s closure order by the time it was transferred to Pure Tech Systems, Inc. (“Pure...
by Staff of the Firm | Dec 8, 2016 | Business Management, LLC, Personal Liability, Texas Law Update, Uncategorized
In Morello v. State,[1] White Lion Holdings, L.L.C. (“White Lion”), a company owned by Morello, bought a piece of real property that was previously used as a pipe-manufacturing facility. The previous owner of the property had a state-issued compliance plan to clean...
by Staff of the Firm | Dec 6, 2016 | Business Management, LLC, Personal Liability, Texas Law Update, Uncategorized
As you know, one of the principal advantages of forming a limited liability company or corporation is that it offers protection from liability for business debts and obligations. As you also know by now, however, this liability shield is not absolute. We explained...
by Staff of the Firm | Oct 11, 2016 | Bankruptcy, Business Management, LLC, Uncategorized
To be sure, bankruptcy is not something that new and emerging businesses often think about. But however unpleasant the thought might be, it may become necessary in the course of running a business to get a fresh start. In the second quarter of 2016, for example,...
by Staff of the Firm | Sep 29, 2016 | Business Management, Texas Law Update, Texas Non-Competes, Uncategorized
For a non-compete/non-solicit to be enforceable under Texas law, it must be reasonable as to time, geographic area, and scope of activity. Needless to say, it is a fact-specific inquiry and there is no one-size-fits-all answer. Generally speaking, however, a...
