Texas City Non-Profit Lawyers
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Legal Services Offered by Our On-Demand Texas City Non-Profit Attorneys
On UpCounsel, you can find and connect with top-rated Texas City non-profit attorneys & lawyers that provide a range of non-profit law services for startup non-profits to more seasoned non-profits around the city of Texas City. Any of the top-rated Texas City non-profit lawyers you connect with will be available to help with a variety of your non-profit legal needs on-demand or on an ongoing basis.
From the forming of a non-profit organization to obtaining tax-exempt status from the IRS, to complying with federal and state laws governing fundraising and operations, the advice of experienced Texas City non-profit attorney is crucial throughout each stage of your non-profit’s growth. Whether you are forming a 501(c)(3) or 501(c)(4), you can easily hire an experienced Texas City non-profit lawyer on UpCounsel for your on-demand or ongoing non-profit legal needs today.
Improve Your Legal ROI with Affordable Non-Profit Attorneys that service Texas City, TX.
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- 4 min read
What Are Tag Along Rights?
Tag along rights or "co-sale rights" are legal agreements that guarantee minority stakeholders the right to sell their shares in the company at the same time and under the same conditions as the majority stakeholder. These rights are often used when companies are founded and capitalized because it protects investors and encourages them to buy the company's stock at an early stage. This is especially true for most angel investors, who won't even think of joining unless there are tag along rights.
Why Are Tag Along Rights Important?
Tag along rights protect minority stakeholders by giving them a certain amount of control over their own investments. If a principal stakeholder of the company liquidates its share, smaller investors won't get a bad deal. In simple words: If Investor A is selling their interest in the company, Investor B gets to sell their interest on the same terms and conditions.
- 3 min read
What is SOX?
SOX informally refers to the Sarbanes-Oxley Act of 2002, a piece of legislation created for the purpose of protecting investors from accounting fraud, specifically those that are related to shares sold by publicly traded companies.
The Sarbanes-Oxley Act is a deliberate attempt to mandate strict reforms with regards to how corporations made financial declarations. The law mandates increased vigilance with regards to disclosures related to the financial state of the company, particularly when it comes to earnings and profitability.
It is important to remember that this law regulates publicly traded corporations, those that sell shares of stock to the common people and institutional investors. The investors and potential shareholders will only agree to the listed price of the company's shares based on the company's value such as future earnings and current performance. Thus,
- 12 min read
What Is a Clickwrap Agreement?
Clickwrap is an online agreement between a user and a company that requires the user to click a box or a button before they download content, make a purchase, or use a website. The box or button confirms that the user agrees to an online contract with the company, and substitutes for the user's signature.
In a clickwrap agreement, in order to use a website or download content, the user has to check a box saying they've read and agree to the terms and conditions that apply to the website or software. Sometimes the agreements are many pages long and difficult to read. They usually contain two things:
- A checkbox or button
- A notice telling you that you agree to the terms if you click the box
Clickwrap agreements are also called:
- Clickthrough agreements
- Clickwrap licenses
Types of clickwrap (and browsewrap) include:
- 11 min read
What is Legal Due Diligence
Legal due diligence is an investigation into a business by re viewing documents and interviewing employees. A legal due diligence investigation is completed when a business or investor is interested in buying a business or investing in that business.
A legal due diligence investigation is seeking information about the business to make sure that the investment or purchase is beneficial. The investigation seeks to reveal all important facts and potential liabilities. Once the facts are collected and analyzed, an informed decision can be made.
There are subcategories of legal due diligence. These subcategories seek more specific pieces of information.
Intellectual property due diligence
Business due diligence
Accounting due diligence
Due diligence is most often performed in prepara
- 5 min read
What Is a Condition Subsequent?
A condition subsequent (CS) is an exit clause from an existing contract. The agreement between parties includes language that frees one of them from the deal. This happens when a conditional outcome occurs. A CS relieves a party of all obligations.
What's the Purpose of a Condition Subsequent?
Think of a condition subsequent as an escape clause. It ends a party's contractual obligation. In contracts, all involved parties have certain responsibilities. The CS gives one party the ability to walk away from the promise to perform a duty.
A CS is a kind of insurance for one or more parties. It makes sure that one of the groups in the contract can leave when certain conditions are met.
Think of a contract as a series of promises. Everyone who signs the agreement must keep their promises. Sometimes, a