The Reata BizLetter

1947 Avenue K

A publication of Reata Commercial Realty, Inc.

April 2008

Abernethy Logo

It's been quite a ride for Sandy and Amy Lou Abernethy and they show no sign of stopping. They started their video production company, Abernethy Media Professionals (AMP), over their garage. Then they moved to several rented studio spaces. Now in their own building with a brand new studio, Sandy and Amy Lou along with a devoted team of talented producers, editors, and videographers are winning awards and accolades from clients and critics alike.

Film industry veterans, Sandy is an award winning director and director of photography while Amy Lou, a Dallas native and graduate of the University of North Texas, produces and writes. They started their business in 1998. One division provides crews and equipment for broadcast and corporate television, shooting all over Texas and across the southwest. Networks such as Comedy Central, HBO, Fox, ESPN and CNN, use AMP to provide the best local talent to crew their productions.

To read more, click here.

Revised Franchise Tax - Will You Pay?

Mark your calendars for April 23 at 7:30 AM. At that time, the Plano Chamber of Commerce will be hosting an informational session regarding the Revised Franchise Tax. State Representative James Keffer who authored the bill along with representatives from the State Comptroller's Office and a local CPA will be presenting information about how you may be taxed. Tax

The revised tax law was passed by the legislature as part of their attempt to "reform" school finance. Property taxes went down as a result, but they made up for it by taxing businesses more broadly.

Come to the Chamber's office at 1200 East 15th Street at Municipal Street to learn how this will affect you.

For a flyer with more information, click here.

Introducing Jim Little

REALTOR We are pleased to announce the addition

of Jim Little to the Reata Commercial

Realty team. Jim joined the firm in April

to start a new division of the company.

He will be focusing on multi-family

property services for investors. His goal

will be to provide brokerage services to

investors who want to sell or buy

apartments or other multi-family

properties. If you know someone who

owns apartment properties, please

introduce them to Jim.

Might as Well Laugh

5 dollar gas

Thanks for Reading

If you have any ideas for The Reata BizLetter, know of a cool business tool, or want us to address a topic, please let us know. We want The Reata BizLetter to be useful and address issues of interest to you. Thanks.

Reata Commercial Realty, Inc.

Click here for past issues of The Reata BizLetter

Featured Article

Plum Crazy is a new store opening in The Shops at Starwood in Frisco. It is a eclectic collection of gifts, home accents, and art. The soft opening is Saturday, April 19 so go check them out before the buzz gets around and it's hard to get in. We'll feature them in a future BizLetter, but wanted you to know first.

The Lingo - "Sublease" & "Assignment"

An assignment transfers all the rights and obligations of one party in a lease or contract to a third party.

If your company leases office space, for example, and you decide to sell the company, you will likely want to assign the lease to the buyer of the company. The new owner steps into the shoes of the prior owner and becomes bound to all the obligations as the tenant in the lease.

A sublease, on the other hand, transfers something less than all the rights and obligations. If any term is different than in the original lease, it is then a sublease. Everything can be the same except one thing (rent, size, term, etc.) which makes it a sublease.