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Irving Attorney, Plano Attorney, Dallas Attorney, Las Colinas Attorney

Posted by NetOffer in Dallas-Fort Worth-Arlington, TX on Oct 14, 2009

NetOffer DFW Legal Issues SuperBLOG, Dallas Attorneys, Irving Attorneys, Plano Attorneys, Coppel Attorneys, Las Colinas Attorneys

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Irving attorney describes what can happen to children when parents die without a properly drafted will October 10, 2009

Irving attorney describes what can happen to children when parents die without a properly drafted will. Many of us embrace the do it yourself (DIY) lifestyle. Why pay someone to do something you are fully capable of doing yourself? In many cases this is wise money management but it can be a disaster in the making. Consider the plight of Jane's children. Jane received a medical diagnosis that ensured her premature death. She left behind four children (4, 8, 12, 15), a life insurance policy and a modest estate. She desperately wanted to protect her children so she bought a book and prepared a will. The book allowed her to create a legal will with the proper witnesses. She appointed her sister as the executor and left her esta [more info...]

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Plano Wrongful Death Lawyer Discusses Wrongful Death Damages October 02, 2009

Plano Wrongful Death Lawyer Richard Armstrong comments: a great many damages sustained by wrongful death victims are intangible. "Many of the things we take for granted in a loved one are difficult or impossible to quantify when they are gone," says Armstrong. "Such things as loss of a mother's gentleness, a father's wisdom, a gifted child's future, or a wife or husband's affection can never be replaced. However, in addition to tangible damages such as past and future loss of income and earning capacity, Texas law recognizes a right to recover for the loss of spousal and parental "consortium." See Reagan v. Vaughn, 804 S.W.2d 463, 466 (Tex. 1990). When a surviving spouse sues for loss of consortium of the deceased spouse, care [more info...]

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Irving business attorney urges small business owners to include planning for the three D's September 27, 2009

Irving business attorney urges small business owners to include planning for the three D's. The three D's are disability, divorce and death. Consider the following situations. You form a partnership with a business colleague. Everything is going well, business is growing and life can't get any better. Then your business partner's husband asks for a divorce. Does your partnership agreement address the issues relating to the divorce of a partner? What if your partner is your spouse and they have asked for a divorce? You are running a successful business as a sole proprietor. Driving home from work you are injured in an automobile accident and will need several weeks to recover. Will your employees be able to continue in your ab [more info...]

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Irving business attorney discusses issues to consider when forming a partnership September 20, 2009

Irving business attorney discusses issues to consider when forming a partnership. Selecting your business structure is one of the most important decisions you will make. You should take the time to consider all of your options before selecting a business structure. There are several types of partnerships available to business owners. A partnership is created anytime two or more people come together to conduct business for profit. Partnerships are governed by partnership agreements and each partner is taxed on his or own share of the income. The partnership agreement controls every aspect of the business according to its terms unless it conflicts with a few statutes that the state requires. One such statute requires all partners ha [more info...]

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Irving business attorney discusses issues to consider when choosing to incorporate September 13, 2009

Irving business attorney discusses issues to consider when choosing to incorporate. Selecting your business structure is one of the most important decisions you will make. You should take the time to consider all of your options before selecting a business structure. When you create a corporation you are creating an entity that is completely separate from the owners and shareholders. The corporate entity will continue to exist until dissolved. It is this separate entity status that provides the protection to shareholders from corporate debts and liabilities. This liability protection is often the primary reason for selecting incorporation. One of the first decisions to be made is the name of the business. When forming as a corpor [more info...]

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Plano Business Litigation Attorney Analyzes Recent Decision September 12, 2009

PLANO BUSINESS LITIGATION ATTORNEY RICHARD ARMSTRONG believes the Texas high court properly found no partnership in Deere v. Ingram. On July 3, 2009, over five years after we tried the lawsuit to a Dallas jury, the Supreme Court of Texas affirmed the decision of Dallas County trial court in Ingram v. Deere, ___ S.W.3d___ (Tex. 2009). In that case, the jury stung our client, a licensed behavioral psychologist, with five million dollars in damages which the Plaintiff psychiatrist had argued was his proper share of past and present "partnership" earnings. Essential to his position, of course, was that the jury find a partnership existed in the first place. The jury so found, and thus ensued a battle through the app [more info...]

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Irving business attorney provides an overview of the four basic business entities September 07, 2009

Irving business attorney provides an overview of the four basic business entities. Understanding the differences between the types of business entities will help you select the best entity for your business. Sole proprietor is the easiest business to start. This requires nothing but that you begin providing a product or service and you must file an assumed name certificate in the county where you will be working. While this is the easiest form it has no liability protection at all. Partnership is a business structure that includes two or more people. If no formation papers are filed with the secretary of state what is created is a general partnership. A general partnership is the default business structure of two or more people p [more info...]

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Plano Wrongful Death Lawyer Stresses Importance of Time Limits August 29, 2009

Plano wrongful death lawyer Richard L. Armstrong believes one of the worst things a wrongful death victim's family can do is to put off visiting an attorney. "Even if you end up not pursuing your claim," states Armstrong, "you owe it to yourself to keep your options open as long as possible." In Texas, the statute of limitations, or time limit within which a wrongful death lawsuit must be filed, is two years from the date the claim accrued. A few notable exceptions exist, however, to this general rule. The most common one is the rule "tolling", i.e., extending, the statute of limitations applicable to minors claimants. Because a minor is considered to be under a legal disability and therefore incompetent, the statute of limitations on [more info...]

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