Business Alliances Attorneys in Dallas, TX
Business alliances have existed for centuries, formed in pursuit of economic prosperity and to achieve both public and private goals. These alliances, whether for public good or to exploit consumer markets, are not unique to any one culture or nationality. Business partnerships take various forms: non-profit and for-profit.
In Texas, business alliances can be structured as corporations, partnerships, limited liability companies, and are governed by the Texas Business Organizations Code. With the exception of sole proprietorships, these alliances are legal fictions—they are not natural people. Sole proprietorships, although formed for business purposes, are simply individuals working alone for a profit.
Business alliances are typically managed by boards of directors and officers because, as legal fictions, they require trusted individuals to run them. So, what can go wrong? Business alliances can succeed, muddle along, or fail based on the actions or inactions of those who are responsible for managing them. Therefore, the law places a fiduciary duty on boards of directors, officers, and others exercising substantial control over business alliances.
Why Experienced Fiduciary and Business Attorneys Are Essential to Protect Your Business
Lawyers can play a critical role in helping business alliances—whether non-profit or for-profit—achieve their strategic goals. For example, lawyers can assist you in the following key areas:
- Entity selection
- Selection of directors, officers and management teams
- Product, market exploitation, and operational decisions
- Association, affiliation, contracts with employees, suppliers, vendors, partners, joint venturers, investors, lenders, and others
- Business alliance termination decisions, such as dismissal of a wayward board member or termination of an officer acting in self-interest
Why You Should Choose Coleman Jackson, P.C.
Coleman Jackson, P.C.’s experienced business law attorneys and counselors are here to help you achieve your business alliance’s goals. We provide business counsel and advocacy on:
- Selecting the appropriate entity type and management team
- Counseling you on applicable federal, state, and local laws when establishing and maintaining market strategies
- Establishing and maintaining your relationships with stakeholders, including employees, vendors, and investors
- Assisting with decisions related to business alliance terminations, such as dismissal of a wayward board member, termination of an officer acting in their own self-interest, or other acts of disloyalty
- Representing you in court or other judicial forums regarding fiduciary concerns
Malfeasance or Fiduciary Concerns at Your Business?
Contact the experienced business attorneys and counselors at Coleman Jackson, Professional Corporation at 214-599-0431 for fiduciary concerns such as board of directors’ problems, officer’s malfeasance, partner’s theft, or other breaches of trust and confidence at your business alliance.
