What Is A Business Divorce: And How To Achieve One
By: Ladd HirschLooking back on the celebration of Independence Day this week, one of history’s most notable separations, it may be a good time for business partners who are locked in conflict to...
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Ducks Don't Walk, Talk or Sign Partnership Agreements: Dallas Court of...
By Ladd Hirsch Since 2014, Energy Transfer Partners LP (“ETP”) has been fighting to hold on to the $535 million judgment it obtained that year against Enterprise Products Partners (“Enterprise”). Our...
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Family Law Post (Part 1) - Love Is Forever, But A Pre-Nup May Be The Better...
By Ladd Hirsch* Not so long ago, marital pre-nups were viewed as devices solely for use by the rich and famous, who never seemed to stay married for long. In today’s world, however, couples from all...
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Family Law Post (Part II) - What's Love Got To Do With It: The Business,...
By Frances Ellenbogen and Ladd HirschCouples often spend months planning their wedding day details, from the color of the flowers to the icing on the cake. What they often overlook, however, are the...
View ArticleHalloween for Private Company Investors: be Very Afraid of Phantom Income
By: Ladd HirschMost private company investors are not tax experts, but developing a working knowledge of the potential for the business to generate phantom income is critical to avoiding unwelcome, tax...
View ArticleCan't get information from the LLC or LP you invested in? Texas Legislature...
If you invest in ownership in a Texas corporation, limited liability company ("LLC") or Texas limited partnership ("LP"), and get shut out or suspect some act of mismanagement, the right under the...
View ArticleTips for New Business Ventures (Part One)
It’s a new year and perhaps a new time for creating a new business venture or investing in a private business opportunity. It’s a complicated decision. If you are putting money into an opportunity you...
View ArticleTip 2: Hiring an Attorney for You – Not the Group
This is part 2 in our series of tips for new investments. In part one; we discussed the disadvantages of using standard form documents to govern the new investment or business. Now in tip #2, we are...
View ArticleTip 3: Discuss the hard topics before you get started
This is part 3 in our series of tips for new business ventures and investments. In Tip 1, we discussed the disadvantages of using standard form documents. Tip 2 covered why you need an attorney to...
View ArticleAgree on a Exit Plan in Advance.
"Would you tell me, please, which way I ought to go from here?""That depends a good deal on where you want to get to," said the Cat."I don't much care where—" said Alice."Then it doesn't matter which...
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