Closely-Held Companies

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Steps to “Freeze Out” a Minority Shareholder in Texas

Written by Joseph R. Struble on May 5, 2017

From time to time disputes arise between the majority and minority shareholders of a Texas corporation that lead to acrimony and distrust. When this situation arises, it can have a grave impact on the management, culture and profitability of a company.  The Majority shareholder is left wondering why the company is sharing hard-earned profits with Read More…


Restricted Equity vs. Phantom Equity: Incentive Plans for LLCs

Written by Kevin S. Woltjen and Austin Mercer on March 22, 2017

A privately held company organized as a limited liability company (LLC) often wants to offer to key employees the right to participate in the financial success of the business through an equity incentive plan that provides participants with a capital and profits interest in the LLC.¹ These plans may be structured in a number of Read More…


New 2017 Federal Tax Deadlines

Written by Joseph Perera on February 8, 2017

As a result of federal legislation enacted in 2015[1], several federal tax returns and tax related forms will have different filing dates beginning in 2017. While the due date for an individual’s federal tax return (Form 1040) generally remains April 15 (the 2017 due date is actually April 18, 2017),[2] the due dates for filing Read More…


Strategic Use of the Divisive Merger in Texas

Written by Joseph R. Struble on January 13, 2017

The Texas Business Organizations Code offers a unique option to divide the assets of a Texas company called a divisional or divisive merger.[i] A divisive merger can be useful when a company wants to transfer a business line, contracts, real estate or certain assets into a new company to isolate risk or as a restructuring Read More…



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