Dallas Business Law Attorney FAQs

Answers to common questions from business law attorneys in Dallas

As you operate your business, we hope that these answers to common business questions are useful to you.  However, since every situation and every business is unique, we recommend that you consult with a Hulse ♦ Stucki  business law attorney in Dallas for specific guidance.

Creditors are threatening to force my business into bankruptcy.  Is that legal?

Yes, it is possible for your company's creditors to launch what is known as an "involuntary bankruptcy proceeding" against your business.  An involuntary bankruptcy proceeding most often occurs when creditors believe that a business is squandering or misappropriating assets that should instead go toward paying debts owed them.  If you are being threatened with an involuntary bankruptcy proceeding, contact us to speak with a business law attorney in Dallas, as we may be able to help resolve the issue through informal or formal dispute mediation in Dallas.

As an employer, what workers compensation recordkeeping am I required to keep regarding employee injuries or fatalities?

The Texas Department of Insurance requires that you keep a record of all employee injuries and fatalities that are reported to you or that you become aware of.  For details on what the record must include, contact Dallas business law attorneys or see Title 28 Part 2 Rule §120.1 of the Texas Administrative Code.  There are specific rules regarding records retention and availability.   If you fail to maintain appropriate records, or refuse to make the record available to the commission, your company may be assessed an administrative penalty of up to $500. Contact us to speak with a Dallas business attorney for guidance on specific workers compensation concerns or questions.

What do I need to know as a business owner regarding antitrust laws?

While smaller businesses are more often the victims of the unfair business practices of larger companies, smaller companies have been prosecuted for unfairly dominating markets localized in cities, towns, neighborhoods, or niche industries under such unfair business practices as conspiring to fix market prices, price discrimination, conspiring to boycott, monopolization, and more.  If you have concerns regarding such activities, contact us to speak with one of our Dallas business law attorneys for guidance.

Is a handshake agreement enforceable in court?

Legally speaking, yes, an oral or "handshake agreement" can be a binding legal contract.  Practically speaking however, you need a written agreement to have evidence validating the terms of an agreement, which a verbal agreement does not provide. If there is a breach of contract, a written agreement provides material proof.  Furthermore, oral contracts may be unenforceable because of the laws or statutes of a jurisdiction, particularly if large amounts of money or real estate are involved in the transaction.  Learn more about our business formation and contracts services or contact us your Dallas business lawyers to discuss an agreement.

Selecting a Dallas Business Attorney

Contact Hulse ♦ Stucki today if you need a business attorney in Dallas to discuss legal services and possible representation of on legal matters.  Spanish interpreters are available.