Texas isn’t just bigger — it’s also better, having become a more favorable place for private company owners to do business. Just last year, the Texas Legislature amended the Business Organizations Code to create a much safer environment for those who control companies: directors, managers, and officers. These changes have not gone unnoticed. Large companies
The opportunity to make a substantial investment in a private company can be exciting — it offers the potential to share in the rapid growth of the company and may permit the investor to participate on the company’s governance team. But private company investing is not for the faint of heart as it also comes
The idea of starting a new business on a 50-50 basis with a close friend or family member sounds exciting, because it involves sharing creative ideas, a mutual desire for success in a new venture and, at least initially, enthusiasm in starting a promising, new company. But hopefully, these potential partners consult with a trusted