Limited Liability Partnership and Series LLC Explained

Limited liability partnerships and limited liability companies are two common ways to classify small businesses. While the two are similar in name, they are structurally different regarding management requirements, liability protections, tax benefits, and more. 

It is vital for small business owners to thoroughly comprehend the structural differences between LLPs, LLCs, and sub-LLCs to correctly establish their company from a legal, tax, and management perspective. Working with business litigation attorneys like Ritter Spencer can ensure business owners understand varying legal structures thoroughly. Read below to learn more about LLPs, LLCs, and sub-LLcs.

Ritter Spencer, PLLCLimited Liability Partnership and Series LLC Explained
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Everything You Need to Know About The Cannabis Regulators Association

As the cannabis industry continues to experience an influx of financial opportunities, scientific studies, and legislative changes, states are coming together to share institutional knowledge and regulatory best practices. In November 2020, cannabis regulators from various states formed the Cannabis Regulators Association to provide federal lawmakers and administrative agencies with the resources needed to regulate cannabis. Since then, the national organization has made strides in cannabis-based education nationwide. Read below to learn more about the Association and how it benefits the cannabis industry. 

Ritter Spencer, PLLCEverything You Need to Know About The Cannabis Regulators Association
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When to Hire a Real Estate Attorney

Buying a home is a significant investment and involves a series of complex transactions between a buyer and seller. Both parties must survey and sign several contractual agreements to legally transfer property from one entity to another. However, it is common for buyers and sellers to need the help of an expert to navigate their closing documents. Real estate litigation attorneys work to review documents and contracts related to property sales, making the closing process easier for all parties involved. Read below to learn when to hire a real estate attorney and how Ritter Spencer can advise individuals and businesses through real estate litigation.

Ritter Spencer, PLLCWhen to Hire a Real Estate Attorney
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The Impact of Rising Interest Rates on the Real Estate Market

Mortgage interest rates reached record lows during the Covid-19 pandemic in 2020 and 2021. However, with the inflation increases of the past year, mortgage interest rates have spiked to their highest levels in two decades. 

Read more about how rising interest rates affect the real estate market below.

Ritter Spencer, PLLCThe Impact of Rising Interest Rates on the Real Estate Market
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6 Key Considerations When Expanding into New Cannabis Markets

The cannabis industry has substantially grown in response to significant developments in legalization. As a result, multi-state operators (“MSOs”) and budding entrepreneurs nationwide are entering prospective state cannabis markets. Given the legal intricacies surrounding the cannabis industry, there is much to consider before jumping into starting a cannabis-related business.

[email protected]6 Key Considerations When Expanding into New Cannabis Markets
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Possession of Cannabis in Texas

As the legalization of cannabis evolves across the United States, it can be hard to keep track of the varying state laws regarding cannabis. While some states continue to foreclose efforts to legalize cannabis, progress continues to be made in state-level legalization.

Ritter Spencer, PLLCPossession of Cannabis in Texas
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When to Hire an Intellectual Property Attorney

Protecting intellectual property helps ensure the business owner maintains the rights to a unique idea, good, or service. Without this protection, a competitor may steal a popular product, or an inventor could lose credit for their product. Sometimes, creators need extra legal help when protecting their intellectual property. An intellectual property lawyer like those at Ritter Spencer can help investors avoid confusion when navigating intellectual property protection. Before legally documenting intellectual property or hiring a lawyer, it is good to understand what category it falls under and the extent of its protection. 

Ritter Spencer, PLLCWhen to Hire an Intellectual Property Attorney
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Everything You Need to Know about Trademark Licensing

Business owners have several options to safeguard their brand. While profiting from sales through a third party, many opt to employ trademark licensing to legally protect their goods and services while trusting a third party to manufacture or sell the brand. With years of experience in various industries, the trademark attorneys at Ritter Spencer are well-versed in trademark law and can successfully guide businesses through the trademark registration or licensing process. Below, we offer answers to basic questions regarding trademark licensing to provide further insight for anyone considering this avenue.

Ritter Spencer, PLLCEverything You Need to Know about Trademark Licensing
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5 Emerging Psychedelics to Know About

As the emergent alternative substances industry continues to grow throughout the United States, many consumers are turning toward the hallucinogenic effects of psychedelics. Like cannabis, these substances have psychoactive effects that can be used for medical and recreational purposes. 

Given the increasing demand for psychedelics, the industry is seeing an influx of financial opportunities, scientific studies, and legislative changes. Read below to learn about the top emerging psychedelics in the industry.

Ritter Spencer, PLLC5 Emerging Psychedelics to Know About
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Everything You Need to Know About Selling Peyote in Texas

With marijuana and hallucinogen use at an all-time high, peyote is beginning to see market prevalence. Peyote has become a popular psychedelic among consumers and investors, derived from potent psychoactive compounds, particularly in the Southwest United States.

As peyote grows in popularity, more individuals and entities are interested in learning about the legality of peyote. Read on to learn everything you need to know about peyote and its distribution.

Ritter Spencer, PLLCEverything You Need to Know About Selling Peyote in Texas
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