Business Law | Silberman Law Firm, PLLC - Part 3

The Effect of Merger and No Reliance Clauses on Fraud Claims in Texas

Written contracts are intended to memorialize the understanding between parties, and it is important to accurately document each parties’ promises and intentions in a contract. However, sometimes the recitations and representations in a contract may not accurately represent what actually occurred in the negotiation and formation process. For example, common sense would tell us that …

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Effects of Not Having an Operating Agreement for a Texas Limited Liability Company

Filing a certificate of formation with the Texas Secretary of State is the first step to creating a limited liability company (LLC). A certificate of formation generally only provides the name of the LLC, names of members or managers, principal place of business, and purpose of the business. A certificate of formation does not include …

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Entity Formations for TX Small Businesses FAQ

Our firm receives numerous requests from small business owners desiring to form an entity to continue or commence business operations. Some of the frequently asked questions our firm receives are listed below.1) What are the advantages of forming a LLC or corporation entity as opposed to operating as a sole proprietor or partnership?The primary advantage …

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