Murphy & Vickers, P.C.

08/29/2012

Ahh the Riverwalk. Right out the back door from the new office.

08/29/2012

The new San Antonio office building. WE are on the top floor.

08/29/2012

We have moved our San Antonio office into the middle of beautiful downtown! Come on by and visit.
Murphy & Vickers, P. C.
700 N. St. Mary's St Suite 1950
San Antonio Tx 78205

06/05/2012

http://finance.yahoo.com/news/what-not-to-forget-when-writing-your-will.html

While so many of us leading active lives online these days, it’s not clear what happens to our accounts when we pass on. Do they matter?

02/25/2012

http://blog.checkadvantage.com/2012/02/23/choosing-a-corporate-form/

Learn why it’s vital that you get help from both an attorney and a CPA when setting up your new business.

03/23/2011

HEY! Patrick Murphy of Murphy & Vickers was inducted into the Superlawyers Rising Stars for 2011!

05/27/2010

5 WAYS TO IMPROVE THE PROTECTION OF YOUR BUSINESS

05/27/2010

5. Business Succession. While companies don’t retire or die, its owners do. Without a clear plan as to how the business ownership will be passed along to family or sold to outside interests, this can lead to litigation among family members and excessive legal costs. The use of buy-sell agreements, life insurance policies and well worded operating documents can take the “bite” out of this passing of the torch.

05/27/2010

4. Follow Corporate Formalities. One way to “pierce the corporate veil” is to not follow basic corporate formalities. Generally, all directors, managers and officers will be required to be re-elected annually. In addition, co-mingling corporate and personal funds (i.e.- paying your mortgage with corporate funds) is the number one way a JLC can circumvent the corporate form and hold the owners personally liable.

05/27/2010

3. Make sure you are Adequately Insured. Lack of adequate insurance is a common way for a business owner to wind up having to pay for company liabilities out of pocket. Review all forms of business insurance with your legal counsel and insurance agent to make sure that the level of risk your business engages in matches your insurance levels.

05/27/2010

2. Utilize the Right Entity. Corps do not provide the best in protection. A LLC provides a higher level of protection while retaining rights of control for the owners. In Texas, a judgement lien creditor is allowed to obtain a “charging order” which only allows the JLC to obtain profits from the LLC, not ownership/management rights. With a corp, in the JLC can take over the company to satisfy a judgment obligation.