City of Austin v. Travis Central Appraisal District

City of Austin v. Travis Central Appraisal District

The city of Austin has sued the Travis Central Appraisal District (“TCAD”). Austin’s contention in the suit is that land identified as C1 vacant land or F1 commercial land is being systematically undervalued by TCAD. The argument being made by Austin is that, as a result of commercial land being systematically undervalued, the tax burden is…

Breach of Contract Remedies – Actual Damages

Breach of Contract Remedies – Actual Damages

When clients come into our office with a breach of contract case, a large part of the conversation revolves around getting an idea of which damages and categories of damages are and are not recoverable in that specific case. This article is the first in a series dealing with the different types of damages a…

Tortious Interference or Fair Competition?

Tortious Interference or Fair Competition?

Fair competition in the business world often involves converting the clients of your competitors into your clients. If, as is sometimes the case, the client of your competitor is a particularly large client or has some type of ongoing contractual obligations to your competitor, you may be threatened with or face liability for tortious interference….

Shareholder Oppression in Texas after Ritchie v. Rupe

Shareholder Oppression in Texas after Ritchie v. Rupe

In the summer of 2014, the Supreme Court of Texas issued its decision in Ritchie v. Rupe which substantially changed the shape of shareholder oppression in Texas. Prior to the decision, shareholder oppression was defined in Davis v. Sheerin. In that case, the court held that a minority shareholder would have a claim in the…

The Series LLC: What, Where, When, Why, How

The Series LLC: What, Where, When, Why, How

What is a series LLC? A series limited liability company, or a series LLC, is a special type of LLC made up of individual series. Each series in the LLC can have its own members and managers, its own assets and liabilities, and its own business purpose or investment objective. Where can I form a series…