BEWARE OF UNINTENDED PARTNERSHIP: PLANNING YOUR BUSINESS RELATIONSHIPS

A partnership is the default business arrangement between two or more individuals that go into business together.  Therefore, the failure to define the understood business arrangement between two or more people can result in litigation asserting that a common law partnership was formed.  Indeed, partnership litigation often catches at least one “partner” completely off guard because it was never intended, envisioned, discussed or understood as a possible result of their combined efforts towards success…(click here to continue reading)

View Attorney Profile

Royce S. Lanning

Licensed since 2003

Member at firm The Strong Firm P.C.

RECENT POSTS

  • Probate: 5 Tools For Avoiding Probate in Texas
    Posted on March 21, 2017
    Topic: Wills and Probate

    Texas has created a quick and (relatively speaking) inexpensive probate process that can be utilized in the majority of estates arising in Texas. While there is no substitute for the planning and protections that can be achieved with the proper will or trust, there are limited circumstances in which the value of those protections may ... Read more

  • Steps Landlords Should Take to Protect against a Tenant’s Mechanics Liens
    Posted on February 6, 2017
    Topic: Mechanics Liens

    Most commercial landowners are aware that contractors, subcontractors and suppliers that provide work, tools or materials in connection with constructing an improvement have a right to place a lien on the property until they are paid. This type of lien is often referred to as a Mechanic’s Lien…(Click here to continue) ... Read more

  • Estate Planning: Planning to Protect Inherited Retirement Accounts
    Posted on January 3, 2017
    Topic: Estate Planning Trusts and Estates

    For many years, people that inherited their parent’s retirement accounts believed those funds would be protected from creditor claims just like their own retirement accounts are protected from creditor claims. However, the U.S. Supreme Court rejected that concept in 2014. In Clark v. Rameker, the Supreme Court ruled that the beneficiary’s inherited IRA was subject ... Read more

Royce S. Lanning

Licensed since 2003

Member at firm The Strong Firm P.C.

RECENT POSTS

  • Probate: 5 Tools For Avoiding Probate in Texas
    Posted on March 21, 2017
    Topic: Wills and Probate

    Texas has created a quick and (relatively speaking) inexpensive probate process that can be utilized in the majority of estates arising in Texas. While there is no substitute for the planning and protections that can be achieved with the proper will or trust, there are limited circumstances in which the value of those protections may ... Read more

  • Steps Landlords Should Take to Protect against a Tenant’s Mechanics Liens
    Posted on February 6, 2017
    Topic: Mechanics Liens

    Most commercial landowners are aware that contractors, subcontractors and suppliers that provide work, tools or materials in connection with constructing an improvement have a right to place a lien on the property until they are paid. This type of lien is often referred to as a Mechanic’s Lien…(Click here to continue) ... Read more

  • Estate Planning: Planning to Protect Inherited Retirement Accounts
    Posted on January 3, 2017
    Topic: Estate Planning Trusts and Estates

    For many years, people that inherited their parent’s retirement accounts believed those funds would be protected from creditor claims just like their own retirement accounts are protected from creditor claims. However, the U.S. Supreme Court rejected that concept in 2014. In Clark v. Rameker, the Supreme Court ruled that the beneficiary’s inherited IRA was subject ... Read more