Category: Business Formation

Modifying business contracts

In any business environment, there can be changes in current events and circumstance that give rise to the need to update business contracts. For example, there could be a change in law or policy that requires updates to the language used in the contracts you negotiate with new customers and employees. Likewise, changes may prompt […]

Read More

Withdrawing from a business partnership

The best time to prepare for the end of a business partnership is at the beginning of the relationship. There are a variety of situations in which new partners are added to a business. When partners launch a business from its inception, it is easier to determine individual rights and assets, than when partners are […]

Read More

Fiduciary duties of corporate directors

  Officers and directors in a corporation are legally bound by fiduciary duties. In a clear example, directors owe a fiduciary duty to the shareholders of the corporation to make profits. Defining the nature of a fiduciary with duties to a beneficiary, “A fiduciary duty is the highest standard of care. The person who has […]

Read More

Ericha Ramsey Brown makes partner

FOR IMMEDIATE RELEASE DALLAS – The Michael Kim Law Firm, PLLC, in Dallas, Texas, known as MKim Legal, recently named attorney Ericha Ramsey Brown as a partner. Ms. Brown has worked as an attorney with the firm since May 2015. Founding attorney, Michael Kim, stated about Ericha Ramsey Brown’s promotion to being a partner in MKim […]

Read More

Tips for observing corporate formalities

When we incorporate our businesses, we must be cautions and make sure to maintain the legally required corporate formalities. Observing formalities protects representatives, shareholders, officers and directors with specific obligations. Corporate obligations are documented and may be subject to a request to produce those documents for a variety of reasons related to law and business. […]

Read More

Companies outsourcing business law

All businesses have legal needs. From forming agreements to defending them, legal professionals are essential to all sizes of businesses. While large companies staff their own internal legal department, many companies have small legal departments, sometimes a sole employee who may or may not be a licensed attorney. Even in companies with small legal departments, […]

Read More

PODCAST: Texas business entities and business formation with Attorney Michael Kim

The Michael Kim Law Review is monthly legal podcast focusing on business and commercial law as well as civil litigation and transactions in Texas. Attorney Michael Kim offers advice and wisdom covering a variety of business, litigation and transactional topics that affect individuals living and doing business in Texas in individual and corporate settings. Today […]

Read More

We are building the MKim Legal library

The purpose of our law firm blog articles is to inform clients and colleagues about the services we perform in various practice areas. The attorneys at The Michael Kim Law Firm, PLLC are engaged in a variety of transactional and litigation matters. As we proceed in our work, we are mindful that much of what […]

Read More

Business Entities and Formations in Texas

Business Entities and Formations in Texas Texas is one of the best states for entrepreneurs and startups for a variety of reasons. The affordable cost of living, low taxes and healthy economy lead to the success of all types and sizes of businesses. Investors and venture capitalists in the Dallas-Fort Worth Metroplex are often looking […]

Read More