Someone sitting in front of three people defending themselves.

Defending Against a Shareholder Derivative Suit: What Texas Corporations Need to Know

A shareholder derivative suit presents an unusual challenge for a Texas corporation. A shareholder brings the lawsuit, but the underlying claim belongs to the corporation itself. Typically, the shareholder alleges that directors, officers, or other parties harmed the company and that legal action is necessary to address that harm.

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When Human Resources Expertise Becomes Essential as Your Business Grows

Human resources (HR) expertise becomes essential for a growing business when people-related decisions start carrying legal, financial, and cultural risk. In the early days, owners often handle hiring, payroll, and performance conversations themselves. That works—until it doesn’t.

As headcount rises and management layers form, informal “we’ll figure it out”...

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When a Business Partner Refuses to Share Company Records Texas Owners’ Rights Explained

Consider a situation in which your business partner is refusing to provide you access to your company’s business and financial documents. Perhaps the delay has you nervous about the company’s ability to meet its payroll or tax obligations. Maybe you’re worried that your partner is taking company funds out the back door....

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What Are My Rights as a Minority Shareholder in a Closely Held Corporation?

Minority shareholders in closely held corporations have enforceable rights to fair treatment, access to financial information, and protection from abusive conduct by those in control. Under Texas law, courts can step in when majority owners misuse their authority to freeze out minority interests, dilute ownership, or cause financial harm in ways that...

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