If you own a “mineral interest”, then you may own up to 5 different rights associated with the minerals: Executive Right – the right to lease the minerals to an oil/gas company. Bonus Payment – the right to receive a bonus payment from the oil/gas company in return...
New reporting requirement became effective January 1, 2024. Many companies (such as LLCs and Corporations) must report information about their “Beneficial Owners” – the people who own/control the company. They are required to report to the Financial Crimes...
Farm owners. Ranchers. Tenants. You must hang a sign with this language near your arena, corral, stable, barn, etc so you can keep your legal protection: WARNINGUNDER TEXAS LAW (CHAPTER 87, CIVIL PRACTICE AND REMEDIES CODE), A FARM ANIMAL...
As of January 1, 2024, here are the numbers- Estate Tax Rate: rates max at 40% Exemption Amount**: 13.61mm per person (27.22mm if married) ** explained another way – you will not owe estate taxes if all the assets, including life insurance,...
If you are borrowing money from a bank, here are some terms and tips and things we would recommend you knowing about and getting in place if possible: Interest Rate Ceiling: This is the highest interest rate allowed in your Note. (ex: at no time can the interest...
Here are the simplified steps when buying/selling real estate: Step 1: Contract is negotiated and signed between Seller/Buyer. Step 2: Buyer obtains a loan through a Bank. Step 3: A title company researches the title to the real estate and issues a Title Commitment...
