Understanding the Process, Agreements, and Legal Considerations

When selling mineral rights in Texas, it's essential to navigate the intricate process with due diligence and a clear understanding of the necessary agreements and legalities. This guide provides an instructive overview for individuals looking to sell their mineral rights, emphasizing the importance of a Purchase and Sale Agreement, ...

Understanding the Essentials of Cell Tower Leasing

Cell tower leases are critical agreements that facilitate the installation and operation of telecommunications towers on land owned by private individuals or entities. These leases outline the terms and conditions that govern the relationship between the landlord (property owner) and the tenant (telecommunications company). For individuals or bus...

A Comprehensive Guide for Small Business Owners

As a small business owner, you may have chosen a Limited Liability Company (LLC) as your business structure for its flexibility, simplicity, and liability protection. While the single-member LLC is simple in structure and management, it is crucial to establish a well-crafted company agreement to govern the operations and ensure the legal robustness ...

Real estate title insurance is an essential component of any property transaction, safeguarding buyers and lenders against potential issues related to property ownership. In this comprehensive guide, we will explore what title insurance is, its purpose, who provides and regulates it, the role of a title company, the role of the underwriter, and the form and function of the title policy itself, ...

Uncovering the Potential of a Once-Overlooked Resource

In an era where sustainable energy solutions are at the forefront of technological advancements, lithium has emerged as a critical component in the development of rechargeable batteries. As demand for electric vehicles and renewable energy storage systems continues to surge, the race to secure lithium resources has intensified. One increasing...

Maintaining the integrity of your entity is crucial for its long-term success and legal protection. This involves meticulous record-keeping, financial prudence, and consistent oversight to ensure that the entity operates within the bounds of the law and maintains its corporate veil. In this post, we will dive into the importance of maintaining proper corporate records, the necessity of periodic re...

In the dynamic world of business, where change is the only constant, succession planning stands as a fundamental pillar for ensuring continuity and growth. Whether through a sale, merger, or family succession, the process of transferring leadership and ownership demands meticulous planning and strategic foresight. "There is no success without a successor," a timeless quote that underscores the ...

Like 1970s apparel making an appearance in modern trends, let's revisit a classic and update it with some modern twists: the oil, gas and mineral lease. 

Historical Background

As you no doubt already know, the Oil, Gas and Mineral Lease is both a contract and a conveyance. It fulfills the tenets of a contract because it contains elements of time, payment, and terms. It fulfills the dual role of ...

"You can't build a great building on a weak foundation." ~ Gordon B. Hinckley

Possibly one of the most critical elements of developing a thriving business is what is laid beneath all of the actions that make it thrive. In a sense, the very thing that results in thriving, or makes thriving possible, are the bricks laid at the bottom. Those are the ones that form the foundation, bear the weight of ...

An Unsung Hero of Business: The Registered Agent

In the grand tapestry of business operations, there exists a role so crucial yet so often overlooked: the Registered Agent. Think of them as the unsung heroes, the silent sentinels who ensure that your business stays on the right side of the law. But what exactly is a Registered Agent, and why is their role so indispensable? Let's dive in.

What...

When it comes to owning property with others, the legal landscape can be as varied as the Texas terrain. Whether you're sharing a ranch in the Hill Country or a condo in downtown Austin, understanding the different types of cotenancy is crucial. Let's dive into the world of tenants in common, joint tenancy with rights of survivorship, and tenancy by the entirety, and see how they stack up against ...

The ago old question (or at least a question of the past couple of decades) arises again: should I use a limited liability company to hold investment property? To answer the question, let's first start with a brief analysis of why the question is important to answer in the first place, and what options you have.

For clarity let's distinguish the Limited Liability Company, as a formal entity, from...