Realizing that at 65 it’s time to talk about succession of his family business – especially Buxboro State Bank, Big Daddy Ernest Bux identified his checklist: Identify Successions, Identify Decision Makers, Plan for Contingencies, Establish Goals, Plan Entity Structure
Tilting the Scales
Business Issues with a Legal Slant
Tilting the Scales is a blog published by Gray Reed & McGraw LLP that addresses a variety of legal issues with a focus on practical implications and real-world scenarios. The blog covers topics such as estate and probate law, including inheritance disputes and fiduciary duties; litigation and trial practice; ethical considerations for lawyers, including the use of technology like artificial intelligence; and regulatory matters such as fireworks laws and local government regulations. It often discusses Texas-specific legal issues and provides analysis of recent cases and statutes relevant to practitioners and clients in the region. The blog aims to inform readers about legal challenges and developments that affect individuals and businesses alike.
Latest from Tilting the Scales - Page 7
Litigation-Related Legislative Bills that May Affect Your Texas Company
By Drew York
The 86th Texas Legislative Session has been in swing for almost two months, so we thought now would be a good time to highlight some proposed legislation relating to civil litigation that may affect your business.
What if my Opponent…
Family Matters: Can a Family Business Succeed Without a Contingency Plan for Divorce?
Realizing last month that, at age 65 he’s ready to think about his family business succession plan – especially for Buxboro State Bank, Big Daddy Ernest Bux identified his checklist: Plan for Contingencies, Establish Goals, Plan Entity Structure and…
Ethical Issues Arising in Litigation Funding
By Drew York
This is the third installment in a series on litigation funding. The first article provided an overview of litigation funding. Last month’s installment focused on the legality of litigation funding. This article concentrates on potential ethical issues associated…
Is Litigation Funding Legal?
By Drew York
Last month, this blog provided an overview of litigation funding, and identified a number of issues which we planned to cover over the next several months. This month’s installment focuses on the legality of litigation funding.…
How can a Family Business Succession Plan be Successful?
Finishing a best-year-ever 2018 and being questioned daily by his second wife Anna Nicole about making her children officers and owners of the family business Buxboro State Bank, Big Daddy Ernest Bux concludes, at 65 years old, that it’s time…
Should an Owner Finance the Buyer of Their Business?
After several months of telling family and friends that his wedding venue business on Big Bux Ranch was for sale, Jeff Bux is contacted by his biggest competitor Hustler Plentee who also owns a wedding venue in the next town…
Could Corporate Litigation Funding Change Lawsuits?
By Drew York
Earlier this year we covered how Jim Duncey, the majority owner and face of Duncey’s Caps, Inc., was involved in a car accident and arrested for DWI. While the company survived the initial PR crisis, its bottom line did…
Family Matters: Does Everyone Really Need a Will?
Just before her 80th birthday, Ernest (“Big Daddy”) Bux’s octogenarian Auntie Delusional (Auntie Del) died without a will or any other estate plan in place to give guidance to her husband (Uncle Tom) and their two adult children. “Who needs…
An Employer’s Spooky Interpretation of its Bring Your Own Device (BYOD) Policy
By Drew York
Mark Eting is one of Duncey’s Caps top outside sales agents. Because the company is based in Texas, but Mark lives in Cleveland and sells for the company in the northeast, Mark purchased a personal computer and a laptop to…