The ABCs of LLC Ownership Transfers An LLC Ownership Transfer is usually completed as part of another transactions such as the sale of the company’s assets, or the redemption of an owner’s interest. However, in some instances a member or partner may be requesting to sell their ownership interest to a third party unrelated to the LLC. In those transfers, the interests must be reviewed…
Texas Legal Update: Significant Changes to Law 1 and 2
Summary of Recent Legal Changes in Texas The legal landscape in Texas has witnessed several significant changes recently, with implications for both individuals and businesses. The impact of these adjustments may involve several areas of law, some affecting a tenant’s rights, while others affect the rights of creditors. Changes in Texas law may also be found in several business aspects, affecting virtually all businesses and…
All Things Louisiana Tint: The Complete Guide
Louisiana Window Tinting Laws The darkest legal tint in Louisiana is as follows:Cars and Trucks – If your vehicle is registered in Louisiana, the law says that drivers and passengers in both the front and back seats must be able to distinguish the interior of the vehicle from a distance of 3 feet by both day and night.No one shall operate on any highway any…
Slingshot Laws in New Jersey: Everything You Need to Know
Overview of Slingshot Laws in New Jersey According to N.J. Stat. §§ 2C:40-18, 2C:40-19, in New Jersey slingshots (and "catapults") are painful weapons that are subject to the state’s weapons laws. Here, in short, are the definitions for these two terms:Slingshot:Any device by which missiles are propelled by any means or any hand-held implement or device by which a projectile, arrowhead, bullet, or other missile…
How a Non-Compete Agreement Lawyer Can Safeguard Your Company
What Is a Non-Compete Agreement Non-compete agreements are specific legal arrangements in which an employee agrees not to engage in any business, professional or commercial activity that competes with the employer. These agreements are there to help safeguard the employer’s interest in going after a larger market, without worrying about someone with their internal business information competing against them directly. It is important to note…
Dual Contracts: Potential Legal Consequences and Pitfalls
What is a Dual Contract? In basic terms, a dual contract is an agreement that consists of two separate contracts between the same parties. Each of the contracts serves a different purpose or concern and they are executed in conjunction to over-ride any plausible arguments that may arise over time regarding ambiguities in timelines, prices, and other negotiated terms. A dual contract operates to kill…
Understanding Partition Agreements: A Comprehensive Guide for Lawyers
What is a Partition Agreement? A partition agreement is a legal document that allows cotenants, in other words co-owners or co-tenants, of real property to divide that property into separate portions. We will use the term cotenants in this context to refer to co-owners or joint tenants with regard to real property.In short, a partition agreement is an agreement that provides for the sale of…
How Delaware Law Works: Basic First Assignments
Delaware Law Overview At last unofficial count, Delaware is home to more than 1.5 million business entities, and it is often said that more Fortune 500 companies are incorporated in Delaware than in any other state. Delaware has been the chosen domicile for the majority of U.S.-incorporated public companies for the last 30 years, and the vast majority of new public-company incorporations continue to be…
Leveraging AI for Streamlined Legal Document Examination
What is AI in Legal Analysis? To understand how AI works in the legal analysis arena requires some basic knowledge of what AI is, why it has taken such a prominent seat at the table of technology, and why it is being used so much more frequently.Most have heard of AI, but probably cannot give a clear concise description of what AI really is. AI…
The Ultimate Guide to Legal Aid in Ventura County
What is Legal Aid? A need for legal aid exists when the government provides a person who cannot otherwise afford legal representation with an attorney at no charge to that person.In many civil cases, low-income people must represent themselves in court, as there is no right to an attorney in civil matters. As they proceed alone, in front of judges, juries, opposing parties and, sometimes,…