Texas business owners who are partners in a profitable company may wonder what would happen if their partner died. If the partner's spouse or children inherited their portion of the business, continued business management may be unchanged, or it may become impossible to tolerate the new partners on a personal level. However, there are legal actions one can take to prevent an unfavorable situation.
A Texas-based company reportedly has raised $9 million in venture capital funding in an attempt to enlarge its railroad crosstie business. This corporation manufactures these crossties from recycled plastic.