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Can a corporate general partner of an LP have the same name as the limited partnership, except for the organizational identifier, i.e., “Co.,” “Corp.,” or “Inc.”? No. Filing entities cannot have names that are the same or deceptively similar, even if they are related companies or can obtain a letter of consent. Organizational identifiers, such...

In Texas, a “Series LLC” is a limited liability company that is organized under Texas law that permits it to have one or more separate series of members, managers, limited liability company interests or assets with separate rights, powers, or duties and with respect to which the debts, liabilities and obligations and expenses existing with...

Under Texas law, a limited liability company can operate for “any lawful purpose or purposes not expressly prohibited under chapter 2 of title 1 or title 3 of the Business Organizations Code.” Thus, as the business grows, the company is able to operate for multiple purposes, provide multiple lines of goods, offer a variety of...

Non-compete agreements are popular mechanisms to restrain competition of both current and former employees and can be effective documents to obtain an employee’s pledge of loyalty and commitment to the company. Employers wishing to prevent their employees from working for a direct competitor during and after the term of employment may draft these agreements in...

You may think that having meeting minutes as a single member limited liability company seems arbitrary…but there are several reasons why you should formally document fundamental business transactions. Chapter 101 of the Texas Business Organizations Code, which governs limited liability companies, does not explicitly require formalities such as meeting minutes. So why would you want...