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Brownsville Texas Legal Blog

Should you buy or lease commercial real estate for your business?

Whether you are taking your home-based office to the next level or establishing a brick-and-mortar retail business, the decision to buy or lease commercial real estate is in your near future.

There are many factors to consider when making this choice.

The art of giving art

If you have spent a lifetime researching and collecting fine art, it’s natural to want to share that passion with your heirs when you die. However, many members of the Baby Boomer generation are finding that their Gen X children and Millennial grandchildren are not quite as interested in fine art as they are. 

Knowing that your grandchild may not recognize a beautiful work of art when they see it, you will want to think about the best way to approach your collection as you begin the estate planning process.

Title problems can complicate buying Brownsville office space

Brownsville’s business climate is hot, and its real estate market is looking up. For some of its successful business owners, getting into new offices is looking smart.

Whether you’re outgrowing old offices or you want to invest in booming real estate, you may be eyeing an office space purchase.

Four benefits of a revocable living trust

A revocable living trust is a document you can create to detail your wishes for assets that you hold within the trust. The assets you put into the revocable living trust are managed by a trustee of your choosing, and you, yourself, can serve as the trustee, if you want. However, if you do choose to serve as your own trustee, you should be sure to also choose a trusted person as a successor trustee.

Avoid probate

Why it is important to have a succession plan for your business

You may think that your business succession plan has nothing to do with estate planning. However, they are two very intertwined processes that both have an impact on the other. Your financial life can be dramatically impacted by how you analyze and implement each of them.

With estate planning, you are preparing for the efficient transfer of assets and property following your death. This will include the successful transfer of power of your business.

The difference between a title commitment and a title policy

We live in a growing community. Businesses are bustling and prime property is purchased. Investors and entrepreneurs have boundless opportunities to start new projects and set themselves up for success. Whether we are just starting to invest, or have been around the commercial real estate block a few times, it’s essential to nail down the basics, starting with a title commitment and a title policy.

Woman-owned businesses are on the rise

The recession of 2007-2009 did serious damage to the national and local economies. One bright spot is that, as the economy has bounced back, new entrepreneurs are diversifying the marketplace. Specifically, women are opening new businesses a historically unmatched rate.

It’s too early for official 2017 statistics, but in the 2016 State of Women-Owned Businesses Report, it points that women now own 38 percent of the country’s businesses. That rate was just 29 percent in 2007. The 45 percent growth rate is unprecedented, and is five times the national average increase for new businesses overall. The study also notes that revenue has increased too, not just the prevalence of woman-owned businesses.

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