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August 2018 Archives

Consider liabilities before entering a sole proprietorship

A sole proprietorship is a simple business form in which one person owns the business. It’s common for small, locally-run businesses to start out this way. Operating a business under this formation can be financially beneficial. The owner avoids big corporation taxes. Additionally, there’s no middleman, so owners have complete control in the decision-making process.

Advantages and Disadvantages of an LLC

If you are forming a business, there are many options as to how to proceed. Your choices will depend on the nature of your business, the number of partners, the financing, and how much liability protection you need. Sometimes a simple partnership is adequate, but in other cases a distinct legal entity known as a limited liability corporation (LLC) is your best choice.

Business people need legal help with business formations in Texas

Texans are known for their ingenuity and fearlessness when it comes to new endeavors, so it is no surprise that many will want to start their own business or purchase a business to make it bigger and better. With that come certain realities that could get lost in the shuffle of putting all the pieces in place to formulate or run the business. That includes adhering to regulatory requirements, structuring the business to adhere to the law, and having the proper insurance among many other factors. A law firm that specializes in helping aspiring businesspeople to reach their goals while following the legal requirements is essential.

What to learn from the recent Theranos fraud charges

On March 14, the SEC released details about the fraud allegations against Elizabeth Holmes and Ramesh Balwani of Theranos Inc. In the press release, the SEC states that the company and Holmes reached a settlement. One condition of this settlement is that Holmes must relinquish control and valuable shares in the company she founded for the next ten years. Meanwhile, Balwani awaits litigation.

Ex-wife and friend caught up in man's securities fraud case

One of the biggest fears for people who are involved in handling investments as a broker or as part of a company is the Securities and Exchange Commission making allegations against them. Even if the person was not involved or got caught up in a situation he or she was unaware of, the mere stain of being mentioned as part of a securities fraud investigation or due to violations of federal securities laws can follow them around forever. The SEC does not pursue cases it does not think it can win and a conviction can result in a long jail sentence and a negative perception in the business community and with the public. This does not mention the financial ramifications. It is vital to lodge a strong defense against these charges.

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Important notice: Thomas C. Pritchard is a retired member of Brewer & Pritchard, P.C. Mr. Pritchard's address is 800 Bering Drive, Suite 201, Houston, Texas 77057. Brewer & Pritchard, P.C and Thomas C. Pritchard have shared the cost of this advertisement.

Referrals: Please note that as a general matter, Brewer & Pritchard, P.C. does not handle non-litigation matters. Brewer & Pritchard, P.C. refers all its non-litigation or "transactional" matters to Thomas C. Pritchard, who is a retired member of the firm. Thomas C. Pritchard does not handle any litigation cases and as a general matter, he refers all litigation cases to Brewer & Pritchard, P.C. Brewer & Pritchard, P.C. and Thomas C. Pritchard have no other relationship to each other and do not share fees if or when a case or matter is referred by one to the other.

Not board certified: None of Brewer & Pritchard, P.C., J. Mark Brewer nor Thomas C. Pritchard is certified by the Texas Board of Legal Specialization.


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