• 2017 Alabama Business Law Trends

    Posted by Tripp Watson on December 23, 2017

    It’s pretty hard to imagine that 2017 is nearly at a close. (I still think I’ve written “2016” on a few documents in just the last couple of days). As we close out the year, I think it’s time to hit on a couple of items that will end up being big take aways from this year in law…

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  • Pros and Cons of an LLC

    Posted by Tripp Watson on December 12, 2017

    So far in this series, we’ve discussed what an LLC is, how it works, what kinds of folks it does – and does not – work well for, and what goes into forming one.  In this post, I’ll sum up the whole series by reviewing a list of the pros and cons you should consider […]

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  • The Elements of an LLC

    Posted by Tripp Watson on November 28, 2017

    This is the fourth post in a five-part series.  You might also want to read Part 1 – “Why LLCs Exist,” Part 2 – “Who Should Have an LLC,” and Part 3 – “Who Should NOT Have an LLC.”   As I’ve said before in this series on LLC’s, one reason they’re so popular is […]

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  • Tripp Watson Again Named “Rising Star” by Super Lawyers Magazine

    Posted by Tripp Watson on November 9, 2017

    Super Lawyers again selected Tripp Watson for the second consecutive year as a “Rising Star” in the Mid-South. The recognition is only awarded to up to 2.5% of the attorneys in the region covering Alabama, Tennessee, Arkansas, and Mississippi. Super Lawyers selects attorneys using a patented multiphase selection process. Peer nominations and evaluations are combined with independent research. Each […]

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  • Who Should NOT Have an LLC

    Posted by Tripp Watson on September 13, 2017

    This is the third post in a five-part series. You might also want to read Part 1 – “Why LLCs Exist” and Part 2 – “Who Should Have an LLC.” Most people who start a business never think something bad will happen.  One of the most common pitfalls I see clients forming companies fall into […]

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  • Who Should Have an LLC

    Posted by Tripp Watson on August 30, 2017

    In my last post, which is the first of a five-part series on LLCs, I discussed the history and overall purpose of the Limited Liability Company as a business entity.  In this post, I’m going to explain how the liability protection works for the different types of companies that an LLC is best for. WHO […]

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  • Why LLC’s Exist

    Posted by Tripp Watson on August 8, 2017

    Many entrepreneurs default to an LLC when starting a business because they know all kinds of companies operate as an LLC, and it’s easy to set one up.  Plus, the “LL” stands for “limited liability,” and who doesn’t want that?  But it isn’t an all-purpose entity that’s appropriate for everyone in every circumstance. To understand […]

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  • Can a company prevent me from writing a bad review of them online?

    Posted by Tripp Watson on July 26, 2017

    Today’s Question Today’s question comes from a long-time client of mine who granted me permission to post the details of this encounter, because I think it has wide-ranging applications outside of this case. Some of the details will be removed, in the interest of privacy. “I signed an agreement with a company that contained a […]

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  • Should I use LegalZoom to help start my business?

    Posted by Tripp Watson on April 3, 2017

    Lawyers love to complain about online legal services, such as LegalZoom. I’m routinely asked why someone shouldn’t just start their company on LegalZoom, and why even involve an attorney in the first place. From an outward perspective, an attorney and LegalZoom do the exact same thing: fill out a form and mail it off to the […]

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  • What to expect from your initial consultation

    Posted by Tripp Watson on March 14, 2017

    At The Watson Firm, we take an unusual approach to helping our clients, so let me take a few minutes to tell you what you can expect at your initial consultation. I want you to be confident that you can make an informed decision about whether we are the right law firm for you. First, business law […]

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  • Developing an Exit Plan for your Business

    Posted by Tripp Watson on February 17, 2017

    Everyone has an exit plan for their business. The thing is, it just might not be your plan.

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  • How to Start Building a Team for Your New Business

    Posted by Tripp Watson on January 27, 2017

    “No man is an island.” -John Donne- The single scariest moment in starting a business is making that first hire. I can speak from experience. Hiring the first employee is more than just a dollars and cents calculation, you’re bringing another human being’s livelihood into your hair-brained dream. If you thought the decision to start […]

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  • The Dirty Secret about Entrepreneurism that No One Wants to Talk About

    Posted by Tripp Watson on January 20, 2017

    Entrepreneurs are great! I should know, right? After all, almost all of my clients are entrepreneurs. I, of anyone, should be singing their praises. They are the job-growers, risk-takers, the doers of things. What’s not to love? However, something has bothered me for a while. It came to a head the other night when I […]

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  • Why I don’t give free legal advice, and why you shouldn’t take it

    Posted by Tripp Watson on January 9, 2017

    Any attorney who is been practicing for more than 36 hours has received the inevitable phone call from someone they’ve never met wanting to ask a “quick question.” If you have ever called an attorney and attempted to ask a “quick question,” this article is for you. As a strict matter of policy, I do not give […]

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