Any company owner, whether the business is large or small, understands the importance of fair laws to protect the company in the event of a lawsuit. The outcome of business litigation can bring a corporation to its knees—and, unfortunately, many unfair lawsuits have been filed by unscrupulous entities with no regard to the harm they cause companies, customers and taxpayers.
Various legal reforms by Texas lawmakers may have further strengthened the state’s status as being corporation-friendly, especially when it comes to protecting business owners from abusive lawsuits, tortuous interference and deceptive trade practices. For 10 years in a row, Texas has been named by numerous top CEOs as the best state to operate a business, in large part to these reforms. Many large national corporations, including Toyota, have begun relocating their operations to Texas from other states that are known for permitting judicial injustices, such as California and New York. This has the potential to greatly increase Texas’ business economy and create thousands of jobs.