Real Life Succession and Shareholder Rights
We frequently point out to ‘business law' clients that business law – especially when it’s a family-owned businesses – almost never stands alone. That business law...
Pinning Down the Problems at the WWE
So, about professional wrestling… It’s hardly immune to the vicissitudes of the business world, particularly when we’re talking about a publicly traded company ($88/share) with a...
Financing Issues in Creating a New Corporation
Capital Structure-Debt vs. Equity Generally speaking, corporations raise capital through debt or equity or a combination of both. Equity investments—the purchase of shares issued by the...
Forming a Corporation
Choosing the Business Entity The selection of a type of business ownership is a decision that a person should make, in consultation with an attorney and...
Stock in a Corporation
What is stock in a corporation? Capital Stock The defining characteristic of a corporate legal structure is that its ownership is in the form of stock....
Proving Compliance with Fiduciary Duties in a Stock Redemption
Elsewhere on this website and blog post, we have argued that majority shareholders and corporations owe fiduciary duties to minority shareholders in the context of a...
Retrospective on Texas Corporate Law
Corporations are so ubiquitous that it is surprising that they are a relatively recent legal development. Here is a history of the development of the Texas...
Share Certificates
Ownership interests in a for-profit corporation must be evidenced by a share certificate, unless otherwise provided by the governing documents of the corporation or by resolution...
Nature of the Corporation
What is a corporation? How is it different from a partnership? What are the legal obligations? Attributes of the corporate entity The corporate structure allows the...
Property Rights and Privileges of Share Ownership
Texas law recognizes “the property right which a share in such a company creates.” Yeaman v. Galveston City Co., 167 S.W. 710, 719 (Tex. 1914). In...
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