Houston companies that do business with the federal government occasionally get into contract disputes. The previous post on our blog site discussed what happens when a business owner chooses to resolve a federal contract dispute using alternate dispute resolution methods.
In most contract disputes in Texas, a common avenue of resolution is for the aggrieved party to file a lawsuit, but this is avenue is generally unavailable initially when the dispute involves a federal government contract. Claims by government contractors regarding federal contracts must be submitted to a government Contracting Officer. If the company is dissatisfied with the Contracting Officer's decision, there is a right to appeal the case to the Civilian Board of Contract Appeals or file suit in the U.S. Court of Federal Claims. The CBCA encourages the use of alternate dispute resolution methods to resolve claims.
The owners of closely held businesses in Texas often have a number of questions about taxes and how the federal tax code applies to them. For example, the tax code limits the ability of investors in many closely held corporations to claim a deduction for business losses.
Almost everyone in Texas who starts a new business wants to make it grow as quickly as possible. Fast growth does not happen by accident. Here are a few tips, from a recent column in a national business magazine, on how entrepreneurs can quickly grow their businesses.