January Denton Business Chronicle 2019 by Denton Media Company

DENTON

January 2019

Business

CHRONICLE

www.dentonbusinesschronicle.com

Clean slate ’19 By Jenna Duncan

What to look for in the world of Denton business throughout the new year

While Denton got multiple big-ticket items in 2018, from an Alamo Drafthouse to a Torchy’s Tacos, more development is on the horizon this year. In addition to hundreds of new apartment units and residential homes, the landscape of Denton is going to continue to change this year. Here’s what we’ll be following closely in the business community.

Downtown Denton

With one major piece of real estate for sale and another under renovation, the historic streets surrounding the 2019 | CONTINUED ON PAGE 4

ABOVE — Workers prepare the outer walls of Alamo Drafthouse early last year at Rayzor Ranch Town Center. LOWER LEFT — Argyle-based Gnome Cones is bringing an expanded snow cone menu to the 200 block of North Elm Street in downtown Denton. LOWER RIGHT — The Jupiter House coffee shop underwent construction throughout 2018 after a fire burned the east side of the Square. Photos by Jake King and Jeff Woo

Money can buy (some) happiness By Gregory Karp | NerdWallet

By Jenna Duncan | Staff Writer Soul food and Cajun restaurant Scrumpdiliumptious quietly closed its doors at the close of 2018. Located in a suite at 420 S. Carroll Blvd., the locally owned restaurant was known for its catfish and jambalaya. Golden Corral, a chain buffet restaurant, also shut down at the

start of January, after years on South Loop 288. The location in Lewisville also closed recently, making the closest restaurant location now in The Colony. After months of hype, Andy B’s opened its doors Dec. 30. The entertainment center features bowling, laser DUNCAN | CONTINUED ON PAGE 3

If you have a few extra bucks that you don’t need for necessities like rent or loan payments, consider shopping for happiness. From ancient philosophers to current experts in behavioral economics, people have been pondering the link between money and happiness. Among them is author Gretchen Rubin, who thinks about happiness for a living. She’s written several books on happiness, including The Happiness Project and the forthcoming Outer Order, Inner Calm. She helped think through the question of whether you can use discretionary money to buy happiness. Short answer: Probably not. But you can definitely spend money to increase it. A lifetime happiness shopping list might go like this.

Buy better relationships

Key to happiness is how you deal with other humans. It’s a recurring

Getty Images

Since ancient times, people have been pondering the link between money and happiness. theme. “So if you’re spending your money to broaden relationships or deepen relationships, that’s a good way to spend your money,” Rubin said. Use discretionary money to attend a college reunion or a friend’s destination wedding. A corollary, especially for younger adults: Buy a social life. Young adults

often experience an intense period of socializing with friends, searching for life partners and networking for career opportunities — all potential sources of happiness. Maybe increase social bar-and-restaurant spending or pay for a dating app. HAPPINESS | CONTINUED ON PAGE 4

January 2019

Denton Record-Chronicle

Enterprising Voices

Not your father’s housing market H

Aaron LAYMAN | COMMENTARY

quences of the last housing bust. In addition to representing homebuyers, sellers and renters, I have spent years researching the housing market. When my family moved to the Denton area, I was reasonably sure that we were buying into another bubble. I mention this because it’s important to understand that life goes on. Sometimes you just have to get on with things and enjoy the moment at hand. If you are buying into a bubble and stretching beyond your means to do so, that is an entirely different situation. Many Denton-area homeowners are likely wondering what comes next. The truth is that nobody really knows. The real estate market, including Denton, has become a warped, flipped, manipulated mess of financialization. The housing market downturn we are experiencing is likely going to be a difficult problem to work through. In layman’s terms, there are no easy solutions to cure a patient who has become addicted to artificially low rates and trillions

of dollars in central bank liquidity. Federal Open Market Committee officials have used all sorts of market interventions to prevent or delay the market cycle and/or the consequences that come with it. This is what quantitative easing was all about. Quantitative easings 1, 2 and 3 and Operation Twist were designed to reflate asset prices. Your latest property tax bill is a reminder of the fruits of the Federal Reserve’s efforts to “fix” the system. The waffling by FOMC officials during the last few weeks provides another great example of their efforts to jawbone markets and keep them afloat. As we enter 2019 looking for more stable footing, do not be surprised to see more volatility. The recent decline in mortgage interest rates will only do so much to cure an affordability problem that still exists with most of the Dallas-Fort Worth real estate market. Plunging pending sales figures for December are a reminder that the hyperfinancialized Denton housing market is still working through a market cycle that could take much longer to resolve. The good news is that more-affordable markets like Denton will likely weather the next correction better than many DFW submarkets. Denton is still sitting on a small supply of homes. You can be thankful you aren’t one of the recent homeowners in Frisco, where average prices plum-

Biz on Calendar of Events the Wire

VW, Ford team up on pickups By David McHugh and Tom Krisher | AP

FRANKFURT, Germany — Volkswagen and Ford are forming a global alliance to develop commercial vans and midsize pickups together while exploring broader cooperation on future battery-powered and autonomous vehicles and services. Volkswagen CEO Herbert Diess and Ford CEO Jim Hackett said Tuesday that the first jointly developed vehicles could hit the market as early as 2022 and that the linkup would offer efficiencies that would mean stronger profits starting 2023. Ford Motor Co., based in Dearborn, Michigan, would make the midsize pickups, one of its strengths, as well as larger vans. Volkswagen would develop and build a small van for crowded cities. Cooperation on development lets carmakers spread their costs over more vehicles, lowering their costs per vehicle. The companies also said they would look into possibly cooperating on electric and autonomous cars, but without taking shares in each other. The deal is the latest in a string of alliances across the industry as carmakers face the need to keep up with new technologies and invest billions in research and development. Volkswagen CEO Diess said that while Volkswagen is generally highly competitive it lacks volume in light trucks and midsize pickups. “Sharing platforms and parts with Ford provides very competitive scale effects in this segment — with the effect that jointly we will become No. 1 in this area,” he said in a statement. Diess said Volkswagen would use the Ford platform for the successor to its Amarok pickup, to be sold in Latin America, Europe, South Africa and potentially the U.S.

APIs and IPAs, hosted by TechMill, meets every other Wednesday at Harvest House, 331 E. Hickory St., for a tech-centered hangout. Wednesday, Jan. 16, 6:30 p.m. Wednesday, Jan. 30, 6:30 p.m. Wednesday, Feb. 13, 6:30 p.m.

Aubrey 380 Area Chamber of Commerce hosts networking luncheons the third Wednesday of the month at Prairie House Restaurant, 10001 U.S. Highway 380 in Cross Roads. Admission is $12 and includes a meal. Wednesday, Jan. 16, 11:30 a.m. Wednesday, Feb. 20, 11:30 a.m.

4:30 p.m. before the free event. Thursday, Jan. 24, 5 p.m.

Denton Chamber of Commerce will host a business networking lunch at SpringHill Suites, 1434 Centre Place Drive. Space is limited to the first 50 reservations, and registration is required online by Feb. 12. The lunch costs $15. Friday, Feb. 15, 11:45 a.m.

Denton Young Professionals hosts coffee and breakfast the third Wednesday of the month at Chestnut Tree, 107 W. Hickory St. Breakfast costs $10 for nonmembers. Wednesday, Feb. 20, 7:15 a.m.

Denton Black Chamber of Commerce meets the second Tuesday of the month at the Denton Housing Authority, 1225 Wilson St., in the firstfloor conference room. Tuesday, Feb. 12, 6 p.m.

Denton Chamber of Commerce will host a membership mixer at 5 Star Rental, 2701 Hartlee Field Road. The business will host a ribbon-cutting at

Lake Cities Chamber of Commerce holds weekly coffee meetings at rotating businesses on Wednesdays at 8 a.m. Upcoming locations will be listed at www.lakecitieschamber.com/ events. Wednesday, Jan. 16, 8 a.m. Wednesday, Jan. 23, 8 a.m. Wednesday, Jan. 30, 8 a.m. Wednesday, Feb. 6, 8 a.m. Wednesday, Feb. 13, 8 a.m.

Tom Fox/Dallas Morning News file photo

A recent decline in mortgage interest rates will only do so much to cure an affordability problem that exists with most of the Dallas-Fort Worth real estate market. meted 12 percent in December amid a glut of luxury homes. If you are a prospective homebuyer or seller, be wary of pundits who claim that the softness in the housing market is just a temporary blip on a return to “normal.” Normal was thrown out the window after the recession, and we have all been relegated to speculator status. As the Federal Reserve tries to “normalize” its massive balance sheet and raise interest rates, the housing market

could become even more volatile. One thing that should be crystal clear is that the Dallas-Fort Worth area is still dealing with artificially inflated real estate prices. In this and future columns, my goal will be to provide you with insight into the local housing market and what is really happening outside of the mainstream industry spin. Denton is a great city with a growing economy. The unfortunate reality is that much of the growth we saw in the DFW area

during the last boom was not organic. This will likely become more evident as the longer market cycle plays out. If we learned anything from the last housing crisis, it’s that people tend to have short memories.

Lake Cities Chamber of Commerce hosts Small Business Breakfast meetings the second Tuesday of each month at PointBank, 3971 FM2181 in Corinth.

Open Hack Denton, hosted by TechMill, meets the second Tuesday of the month at the Armadillo Ale Works, 221 S. Bell Ave., to get programmers of all experience levels together to work on code.

wellness. The event costs $20 per attendee and registration is required by Jan. 25.

Tuesday, Feb. 12, 8 a.m.

Tuesday, Feb. 12, 6:30 p.m.

Little D Open Coffee Club, hosted by TechMill, meets every other Tuesday at West Oak Coffee Bar, 114 W. Oak St., to discuss technology and startups. Tuesday, Jan. 22, 8 a.m. Tuesday, Feb. 5, 8 a.m. Tuesday, Feb. 19, 8 a.m.

Lunch + Learn, a series hosted by Stoke, will teach attendees about how to get a start on human resources. The event is at Stoke, 608 E. Hickory St., Suite 128, costs $3.25 for nonmembers and includes lunch. RSVP is required via EventBrite. Visit https:// stokedenton.com/events.

Women in Commerce, a group for businesswomen organized through the Denton Chamber of Commerce, will host a power lunch at Tex Tapas, 109 Industrial St. Ann Afflerbach of the University of North Texas and Sara Schroeder of Camp Gladiator will talk about balancing health and

AARON LAYMAN is the owner-broker of Aaron Layman Properties LLC. Contact him at 281-935-2889, sales@ aaronlayman.com or www. aaronlayman.com.

Wednesday, Jan. 30, 11:30 a.m.

Women RISE, a networking series by Texas Woman’s University’s Center for Women in Business, is hosted the second Tuesday of each month at Stoke, 608 E. Hickory St., Suite 128. This month, the workshop is titled “Self-Leadership as a Woman.” Tuesday, Feb. 12, 7:30 a.m.

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ome sales in Denton took a big dive in December, while contract activity also was soft to end the year. Some Denton-area home sellers have had to do something unusual during the past several months to get offers — lower their asking prices. As you go up the price bands, more listings are seeing price reductions. We are nearly a decade past the last major recession, and things are looking a bit sketchy once again. A number of real estate agents and housing pundits have been caught off guard with the recent downturn. Those who are surprised by recent developments with the housing market have likely been buying into the mainstream industry and media spin that this time is different. It is different in a sense — but not in a good way. There was a time when people could buy into the American dream of home ownership and be reasonably comfortable with the knowledge that the investment in their home was solid, when end-user shelter was the norm, a time before the invention of Wall Street landlords. The recession, and the subsequent efforts to cover it up (see the national mortgage settlement as one example) changed all that. The Federal Reserve, along with the coordinated efforts of other central banks, has spent the better part of 10 years reinflating asset prices to cover up the conse-

Denton Record-Chronicle

January 2019

Enterprising Voices

What is the purpose of the chamber? W

e are often asked the two-part question, “What is the chamber of commerce and what does it do?” Though chambers of commerce have existed in the U.S. since the mid-1700s and in Europe since the 16th century, the question still persists. A chamber of commerce typically is described as a volunteer-based membership organization governed by a board of directors composed of and elected by its members. Chambers operate as 501(c)(6) not-for-profit corporations, funded by membership dues. In general, the main goals of a chamber are to promote the economic growth of its members and the community and to be the collective voice of advocacy for its business members. That advocacy reaches the local, regional, state and federal levels.

Pam MARRUFO | COMMENTARY

The Denton Chamber of Commerce has traditionally taken on the role of the “voice of business” in Denton. Since 1909, the chamber has advocated for a business-friendly environment and supported the symbiotic relationship between business and community. As we see it, both are equally dependent on each other for success. So how does the Denton chamber operate and support the Denton community? As

with any membership-based organization, the members come first. We create occasions for businesses to gain exposure in front of the movers and shakers of Denton. Our programs and events are designed to create networking opportunities for business professionals to connect and create relationships and partnerships to grow their businesses. The chamber fosters relationships and partnerships that support the community. Every year, just before the school year starts, we coordinate with the Denton school district and the Denton Public School Foundation to welcome all the new teachers and employees to the district at the DISD New Employee Reception. Through the generous support of participating members, we have been able to provide funds for the Denton Chamber of Commerce New Hire Teach-

er Grants. Since 2014, these grants have disbursed more than $30,000 to nearly 40 new teachers. The Denton Community Job Fair began in 2017 in partnership with the city of Denton, Denton ISD, North Central Texas College, United Way of Denton County and Workforce Solutions of North Central Texas. The job fair is able to connect 50-plus local employers with hundreds of job seekers. The next Denton Community Job Fair will be held March 28 at the Denton Civic Center. Through our contract partnerships with the city, we operate the Denton Convention & Visitor Bureau and the Denton Economic Development Partnership. Through the CVB, we promote Denton as a destination to hold a convention, conference, family reunion or

wedding in one of our beautiful venues, drawing in visitors and tourists who will enjoy Denton’s great food, shopping, culture and entertainment offerings. Our EDP works in concert with the city to attract businesses to put down roots in Denton, providing employment opportunities and increasing the tax base. A long-standing event, Denton County Days began in 1987 and has been a regular feature of every Texas legislative session since. During Denton County Days in February of this year, more than 100 business, civic and community leaders will visit with state legislators and key agency officials to share information on the many assets of Denton County and North Texas. In alliance with the city of Denton, Denton ISD, NCTC, Texas Woman’s University, the University of North Texas,

United Way of Denton County and other chambers in Denton County, position statements will be delivered by groups of Denton County Days participants. Denton County Days will be Feb. 19 and 20. As the Denton chamber begins a new year, one of our main focuses will be fostering and strengthening our relationships and partnerships. These connections are vital to the growth of the community. Though Denton businesses and organizations may differ in size and structure, what binds us is our commonality of wanting a safe and vibrant community in which we can live, work and play. PAM THOMAS MARRUFO is the interim president of the Denton Chamber of Commerce and can be reached at 940-382-9693 or accountant @denton-chamber.org.

Incredible December correction creates fantastic buying opportunity “Concerns over escalating trade tension, global growth prospects and the sustainability of corporate earnings were among the factors that appeared to contribute to a significant drop in equity prices.” — Federal Reserve minutes from December’s Open Market Committee meeting

arkets came unglued in the last months of 2018. By the end of the year, major market indices had fallen 20 percent, with small-cap stocks seeing harsher sell-offs. The end of 2018 was a terrible time for sellers of securities. Hopefully readers did not do a lot of selling (maybe a little here and there for tax-loss harvesting) but instead were heavy buyers. There were lots of bargains to be found. In our fund, we put a lot of money to work in the last quarter of the year. What gave us confidence to add during the throes of this market turmoil? Why did we not believe this was the beginning of another meltdown? Three things: ■ Every recession of the past 50 years happened after the year-over-year percentage change in the Conference Board’s Leading Economic Index went negative. This indicator is reliable. It has only given one false recession signal and it is currently nowhere near dipping below zero. This indicates that a recession and stock market bust is not imminent. ■ The most important number in finance is the interest rate spread between 10-year and two-year Treasury bonds. In a

Jonathon FITE | COMMENTARY

healthy market, long-term rates should be higher than shortterm rates. The Fed has been hiking interest rates, driving up short-

term rates. Long-term rates have risen too but not as quickly, compressing the spread. History tells us that when the yield curve inverts (two-year yields move higher than 10-year yields, resulting in a negative spread), bad times are ahead in stocks. This spread has been inching closer to zero in recent months, but we’re not there yet, indicating the recent correction is likely not the precursor to a broader collapse. Not only that, but the spread tends to be a leading indicator — it signals before the peak in-

stead of it at the peak. Typically, stocks have another year or so after the yield curve inverts (spread goes negative). There has not been a full yield-curve inversion yet, and even if there is, history shows that markets should rally for another year or so after. ■ Valuations for specific company holdings were just insanely attractive. Careful studies of individual company prospects showed several companies might be facing one-time, one-off factors. But most stocks were simply dragged down by broader market concerns.

These are typically great times to build new positions or add to existing ones. All in all, we believe the incredible December correction created a fantastic buying opportunity. In the last two weeks, taxloss selling pressures have gone away, U.S.-China trade tensions seem to be improving, oil has rallied nearly 20 percent and the Federal Reserve has indicated a pause in rate hikes may be in order. Over the next few weeks, companies will report fourth-quarter earnings and

provide 2019 outlooks. We will see if the fourth-quarter fears have materialized into true recessionary factors, or if we are off to the races once again. JONATHON FITE is a managing partner of KMF Investments, a Texas-based hedge fund. Jonathon is a professor with the College of Business at the University of North Texas. This column is provided for general interest only and should not be construed as a solicitation or personal investment advice. Comments may be sent to email@ KMFInvestments.com.

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DUNCAN | CONTINUED FROM PAGE 1

tag and arcade games, including several oversized versions of classics like giant crane machines. Located at 2600 Panhandle St. in Rayzor Ranch Town Center, the business is open 11 a.m. to midnight Sunday through Thursday and 11 a.m. to 1 a.m. Friday and Saturday. There’s now a second location of Discount Tire in Denton: 100 S. Loop 288, at the southwest corner of the loop and East McKinney Street. The restaurant partners behind wildly popular Asian fusion restaurant Komodo Loco have another project that’s about to open: Po-K Loco, located at 119 Ave. A. The build-your-own poke bowl shop is expected to open by the end of the month. JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @jennaf duncan.

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January 2019

Denton Record-Chronicle

Cover Story a base of sushi rice, with customers choosing from different marinated raw fish options, toppings and sauces.

2019 | CONTINUED FROM PAGE 1

Courthouse on the Square could see major changes in the coming years. Julie Glover, the economic development program administrator for the city who works closely with downtown businesses, said she expects restaurants and interactive experiences to continue to thrive in the area. This year, a barbecue restaurant called H2Oak is expected to open in the fall, and Argyle-based snow cone company Gnome Cones is opening an expanded storefront by early summer. “Nationwide, restaurants are doing very well and it’s a very strong industry still,” she said. “People are more interested in experiential things than buying things, so it seems like right now people are into getting rid of things and doing more of ‘let’s take a trip or let’s have a great meal.’” After a fire burned the Downtown Mini Mall, the building had to be demolished in 2018 and the lot has sat empty for months. Building owner Leo Will said in a statement to Denton County Magazine that he’s selling the property, though there’s no official real estate listing for the space on North Locust Street. Residents have watched as local coffee shop Jupiter House has worked to rebuild after the fire, since it was

Business Spotlight HAPPINESS | CONTINUED FROM PAGE 1

Buy experiences — and some things

The usual advice is “buy experiences, not things.” But that requires a deeper dive. “The line between experiences and things is not that clear,” Rubin said. A bicycle can provide an experience, and a new camera can preserve one.

Rayzor Ranch

Jake King/DRC

At Rayzor Ranch Marketplace, James Avery, Tuesday Morning and CareNow are expected to open in the first quarter of the year. located next door and had significant damage. The shop is expected to reopen in the next month once renovations are completed. Construction also is underway to update the Fine Arts Theater, though the projected opening isn’t until 2020.

Fry Street area

While bars near the University of North Texas in the Fry Street area often change owners and concepts flip,

there are new things coming to that small business community this year. Riprocks Bar and Grill started renovating its longtime space on West Hickory Street in July and is expected to open this spring. Improvements include new bathrooms, an entirely new bar and a new room created by enclosing an outdoor space. The bar also is adding a dart room and several arcade games for new entertainment options, according to

social media posts. Around the corner on Avenue A, Po-K Loco also will open early this year. The build-your-own poke bowl restaurant is from the owners of Komodo Loco, a popular Asian fusion restaurant downtown. Kyle Kruger, one of the co-owners, said they added a poke bowl to the menu at Komodo in 2018 and it was wildly popular. The bowls at Po-K Loco will have

Several businesses are expected to open early this year along West University Drive, both on the north side at Rayzor Ranch Marketplace and on the south side, Rayzor Ranch Town Center. Cotton Patch Cafe is set to open next week, on Tuesday, Jan. 22, according to the company’s website. The restaurant has had a sign up for months and has been working to recruit employees. Zoës Kitchen is expected to open this year, though the company hasn’t released a project timeline. The fast-casual Mediterranean restaurant announced it would join the shopping center last March, and is projected to open by this summer, said Bethany Siems, marketing director for the Rayzor Ranch Town Center developer, RED Development. At Rayzor Ranch Marketplace, additional retailers are nearing the end of construction. James Avery, Tuesday Morning and CareNow have signage and are expected to open in the first quarter of the year, said Rick Coe, president of Fidelis Realty Partners, which owns and manages the shopping complex.

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Buy solutions

Also known as “throw money at the problem” or “buy back time.” That could mean paying someone to do yardwork or using a full-service laundry. It’s the balancing act of money vs. time.

Buy according to interests

What represents a happy experience for one person is not necessarily the same for another. Someone who mostly dines out should probably not use discretionary money to buy a fancy set of kitchen knives. But someone who loves to cook? Maybe so. Rubin reminds us, “Beautiful tools make work a joy.”

Buy discipline

Want to improve your diet or fitness but have trouble summoning motivation? Use your money. That might mean choosing a pricier gym that’s more convenient or even hiring a personal trainer to add accountability. At the supermarket, it could mean buying healthy foods that are more convenient, like bagged salad. “If you can make it slightly easier to get yourself to do something you want to do, that’s a good way to spend your money,” Rubin said.

Buy stress relief

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Is there a simple fix for recurring arguments or sources of stress, especially with a significant other? If you argue about a messy home, can you afford maid service? Or, can you afford not to get maid service? “The question is always, ‘Is it cheaper than marriage counseling?’” Rubin quipped.

Buy money peace

“One of the greatest luxuries money can buy is the freedom not to think about money,” Rubin said. “And financial security is something that really contributes to people’s happiness.” Paying off debt is a good idea, and building an emergency fund is an especially good one. It provides cash for not only real emergencies, like a car repair, but all those emergencies in our heads that never happen but keep us up at night because they might. Happiness is silencing the haunting whatif voices. “The freedom from worry is a big boost to happiness,” she said.

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Denton Record-Chronicle

January 2019

Vital Statistics ASSUMED NAMES The following names were posted in December at the Denton County Clerk’s office. NAME — DBA/ADDRESS

NAME — DBA/ADDRESS

75068 Halle Buckingham, Royalty Boutique, 1528 Zebra Finch Drive James Aaron Caffey, DAC, 2336 Magnolia Drive Dawn Jeanette Campbell, Upstaged Home, 2212 Gulfstream Drive Todd Campbell, Eyes of Texas Aerial Services, 2212 Gulfstream Drive Hector Mijares, H.M. Trim Carpentry, 107 Cottonwood Trail Luis Arturo Casas-Godinez, Casas Irrigation Drainage & More, 2720 Pecan Drive Benjamin Champion, Taco Monkey, 309 Bluefinch Drive Charles Christie, Remote Pilot Visuals, 1040 Broken Spoke Drive MaKia Coleman, K.C. Couture, 1116 Mist Flower Drive Veronica Dennis, Creations 13, 920 Foxglove Drive Misty Edomwande, Everything But The Dress, 1509 Toucan Drive Karen Zavala, Sandiego’s House Cleaning Service, 1101 Freesia Drive JDS Business Consultants, LLC, Schooley Mitchell of North Dallas, 1727 Lake Wood Trail Robert Z. Kelly, Kelly Clean Up Service, 1302 Pony Trail Tinashe Mabvundwe, Timeless Promotions, 2532 Persimmon Drive Tammy Meyer, A.A.P. Cleaning Services, 10579 Briarwood Lane Bethany Roy, Live Oddly, P.O. Box 1144 Antonio Shavers, J.A.K. Entertainment, 1728 Zebra Finch Drive Waukesha Roshea Smith, Nisfan Investments Inc., 1022 Port Isabel Drive Lanira Watts, Tic-Tac-Toe Hair Lounge, 2705 Little Elm Parkway Alfreda Webb, Rave Boutique, 2405 Red Oak Drive Ronald Webb, Active Threat Solutions Training, 2405 Red Oak Drive Alfreda Jean Webb, Rave Boutique, 2405 Red Oak Drive

76201 Dzezair Ahmeti, Bonnie Green Apartments, 121 S. Bonnie Brae St. Micah Fleck, Po-k Loco, 119 Ave. A Hugo Cruz, Hugo’s Auto Repair, 535 S. Elm St. Melinda Dunbar, Crowder Counseling, 501 S. Carroll Blvd., Suite 122 Corina McCall, CSM Consulting, 215 E. Oak St. Apt. 15 Amber Lynne Miranda, Curl Suite Natural Hair Salon, 2640 W. University Drive #1266 Randy Oliver, Oliver’s RV Inspections & More, 1315 Margie St. Johnny Ortega, Dynamic Construction, 1310 Scripture St., Suite 7501C James Rowe, Canary Hill Endurance, 2113 North Lake Trail Glendon Farris Squibb, Downtown Experience, 319 W. Oak St. Wolf of Oak Street, Downtown Experience, 319 W. Oak St. 76203 Rodney Moran, RM Glass, 1155 Union Circle #308325 76205 Gregory E. Bristow, Blue Star Car Wash, 1704 Teasley Lane Maria Coronado, Denton Pho, 1408 Teasley Lane, Apt. 2614 Kelven Kris Devereaux, Kelven Kris Delvereaux, 111 South Crawford St. Amy Dillon, DFW Lead Conversion, 2128 Woodbrook St. Cherry Ann Goodley, M3G, 1212 Ridgecrest Circle Rodney Haire, Rocky Haire, P.C., 1003 Dallas Drive Justin Haynie, Burnouts, 2007 Jacqueline Drive Daniel Jung, J Sushi, 1400 S. Loop 288, Suite 100 Jason Kaufman, The True Home Realty Team, 2434 Lillian Miller Parkway Britton Dieter Lakies, Fly Runner, 1405 Stanefer Circle William Maraga, Maraga Consulting, 916 Chasewood Lane

Enterprising Voices

Event to celebrate women in business

ccording to data from the National Association of Women Business Owners, more than 11.6 million firms are owned by women. These firms generate $1.7 trillion in sales and employ nearly 9 million people. One in five firms with revenue of $1 million or more is woman-owned. Between 2007 and 2018, the overall growth rate of woman-owned businesses was 58 percent, while all others grew at a rate of 12 percent, according to the “2018 State of Women-Owned Businesses Report” by American Express. Half of all woman-owned businesses are in three industries: services such as hair/nail salons and pet care; health care and social assistance, such as child day care and home health care; and professional, scientific and technical services like lawyers, accountants and architects. Interestingly, 99.9 percent of woman-owned business are small businesses. The Denton Public Library’s annual “Elevate: Women Finding and Sharing Success” conference is designed to celebrate women finding success in the business world, provide resources to support women who own small businesses, and foster connections to help women’s businesses grow. The free event will be held Feb. 9 from 10 a.m. to 2 p.m. Following is the agenda for the day: ■ 10 a.m.-noon: Representatives from nine area organizations will be on hand to share the free resources they have for small business owners. Networking is highly encouraged; please bring business cards to share. ■ 10:30-11:15 a.m.: “Business

Caroline BOOTH | COMMENTARY

Plan Basics” with Tracy Irby of Texas Women’s University’s Center for Women in Business ■ 11:30 a.m.-12:15 p.m.: Reference USA business database demonstration with Kerry Montz, business outreach librarian with Denton Public Library ■ 12:30-1:45 p.m.: Panel discussion “Successes and Challenges of Being a Woman in the Business World” with Caroline Booth, director of Denton’s Department of Economic Development, and Sheryl English, Blackjack Realty and member of the Denton Chamber of Commerce board of directors ■ 1:45-2 p.m. — Wrap-up and networking This is a wonderful opportunity for women to network and share resources. Last year, more than 75 women attended the event. Meeting their peers to connect, network and learn from each other’s challenges and successes was the most common comment from attendees. For more information or to register, contact Montz at 940349-8757 or Kerry.Montz@ cityofdenton.com. L. CAROLINE BOOTH is director of economic development for the city of Denton. Contact her at caroline. booth@cityofdenton.com.

NAME — DBA/ADDRESS

Natalya Shin, OMG Donut, 703 Londonderry Lane Taylor Springs, Taylor Springs Massage, 2231 S. Loop 288 Sean Torres, Bennet’s Sound, 1502 Ave. C Sean Torres, Sean Torres Productions, 1502 Ave. C

James Bernard, Happy Homes Solutions, 39369 Teasley Lane #291 Michael Combs, For the Human Spirit, 4251 FM2181, Suite 230-404 Ewelina Ford, Musicon Publications, 1704 Andrew Court Jee Lee, Elite Martial Arts, 4451 FM2181, Unit 122 Noel Ngure, Blue Springs Homes, 6805 Edgefield Drive Native Surf LLC, The RDJ Group, 3402 Windsor Parkway Mark Schaffner, All Seasons Pool Service, 909 Circle View Lane Lance Watt, Surgical Solutions Group, 3512 Remington St. Kenneth W. Youngblood, Texas Special Liquids, 1421 Hidden Oaks Circle Kenneth W. Youngblood, 1 on 1 Nutrition, 1421 Hidden Oaks Circle

Katina Delette Grabert, KatKen Building Maintenance Systems, 1604 Goodwin Drive Karinda Gray, 4 All O’Kaysionz, 8908 Stewart St. Briana Harris, Box Tees, 3208 Arthur Ave. Eric Hernandez, Mr. Bingo, 9020 Spurs Trail Eric Houston, Selladore Smartshop, 909 Oglethorpe Lane Anicia Hubbard, Betty’s Wing’z & Thing’z, 9001 Sundance Trail Tichawona Maranyika, N’she Haute Couture, 6028 Tallisa Drive Beth Marie Martel, My Happy CDL Drivers, 26493 E. University Drive #732 Tamara McQuirk, Tamrak Solutions, 928 Hayden Lane Latrenda Miles, Naturally Jasmine, LLC, 11450 U.S. Highway 380, Suite 130 #193 Jewana Moore, Bryhomes, 9160 Cranston Court Jewana Moore, Color Me Earth, 9160 Cranston Court Garry L. Redding, Assurance Property Inspections, 905 Appalachian Lane Larry Rose, Stewart-Rose Properties, 5063 New Hope Road Mariano Ruiz, Aubrey Texas Industry, 307 N. Main St. Joseph W. Shaw II, IITF Media, 1412 Cotton Gin Drive Randy Smith, RS Wood Works and Design, 501 Keyes Lane Sheldon H. Travis, Homewood Steamworks, 1732 Murphy Court Barbara Trumbley, WILDCHILDCREATIONS, 3907 Sauls Road Michele Trumbley, MLTCREATIONS, 203 Surveyors Road

76258 Patrick J. Belanger, Pat’s Auto Sales, 108 W. Walcott St. Giovanni Sanchez, Custom Cabinet Innovations, 405 Copenhavr St. Shane Fischer, Top Dog Engineering, 11582 Massey Road Matthew Miller, Pine Valley Construction, 1909 N. Saint James Road Michael Sanders, Sanders Realty Group, 10264 Zipper Road Daphne K. Steele, Kind Creations, 10801 FM2931 #6

76207 Rhonda England, Denton County Services, 3608 Chapel Hill Lane 76208 Jerry Alexander, O.J.’s Janitorial Service, 3404 Glen Crest Lane Emma Campbell, Pink Mist FX, 403 Meadowlark Lane Shruti Deshpande, Texas True Bond, 4605 Green River Drive Cynthia Otibho Felix, Tisco Fast, 2501 Stockbridge Road, Apt. 15107 Arman Jivani, IsmailE-Sports, 5409 Del Rey Drive Brittany M. McNutt, ENE Billing, 4509 Heron Pond Lane Raymundo Delgado Rodriguez, Caties Remoldeling Services LLC, 4704 Indian Paint Way Jason Edward Ryburn, Stem and Stem Courier, 3919 Teal Drive Louis Velez Jr., Angelina’s Mexican Restaurant, 1400 N. Corinth St., Suite 111 Paul Welch, Welch Financial Coaching, 3621 Red Oak Drive Joshaul Chad White, Affordable Handyman, 2163 Riverside Drive Curtis J. Whitfill, Real Safe Transport, 4003 Boxwood Drive 76209 Gideon Foli Alorwoyie, Afrikania Cultural Troupe, 2424 Spring Meadows Drive Matthew Brown, Local Embers & Co., 811 Mack Drive Nicole Dao, Nicole’s Boutique, 2609 Chebi Lane Colton Herman, QaSo, 500 Driftwood Trail His Works Ministry Inc., Jesus Global Youth Day, 2313 N. Locust St. Diogenes R. Olivo Ramos, Juelz Transport LLC, 812 Oak Valley St. 76210 Leena Alexander, Starshine Dentistry, 4251 FM2181, Suite 264

76226 Karrie Carrizales, Argyle Property Management, 702 N. U.S. Highway 377 Jordan Crown, One-Man-Handyman, 4509 Rhone Drive Tammy Gallagher, Shady Paddock Farm, 9285 Hilltop Road Katie Jones, Equine Flexion Therapy, 11995 Hilltop Road Matt J. Nelson, MJN Consulting, 509 Old Justin Road Kerry Newton, NTx Welding Services, 4600 Merlot Drive Pure Quality Logistics LLC, PQL Freight Solutions, 621 Charyl Lynn Drive Dustin H. Sharpe, New Beginnings Books & Games, 4408 Sonoma Court 76227 3D iBrows and Spa International LLC, K’s iBrows and Lashes Studio, 26875 U.S. Highway 380E, Unit 112, Suite 203 Aubrey Preschool, LLC, Busy Bees Children’s Academy, 404 Spring Hill Road Eddwenna R. Bruner, Designed by Destiny Home Staging & Interior Decorating, 1505 Heron Drive Fabian Chaparro, Fabos Construction, 712 Caddell St. Juan Manuel Luna Contreras, Luna Brother’s Tile Services, 3444 New Hope Road Chance Dodson, Dunwright’s Home Repair, 825 Greenview Court Tameka N. Elam, Dreux’s Haute Boutique, 9144 Benevolent Court Melissa Elsberry, Trade Sense, 804 Fairmeadows Circle

SALES TAX PERMITS The following sales permits were issued by the state comptroller’s office for December. The list includes the owner, name of business and address within zipcodes 75068, 76201, 76205, 76207, 76208, 76209, 76210, 76226, 76227, 76249, 76258 and 76266. 75068 Mary Wright, Sharp Refreshment Centers, 501 Sheriff Ave. Southern Gourmet Kitchen LLC, Southern Gourmet Kitchen LLC, 1117 Brendan Drive 7-Eleven Inc., 7-Eleven Convenience Store #38634H, 3000 W. FM720 Quik’n Tasty Foods Inc., QuikTrip #920, 2181 FM423 Iron Phoenix Martial Arts LLC, Iron Phoenix Martial Arts LLC, 2656 Waterdance Drive Halle Buckingham, Royalty Boutique, 1528 Zebra Finch Drive Webb Investment Ventures LLC, Rave Boutique, 2405 Red Oak Drive Mary Ondrusek, MaryMakingThings, 2505 Sun Creek Drive Fred Cano, Active CBD North Texas, 2497 Oak Grove Parkway Virginia Hernandez, Abigail Arts, Crafts, Gifts & More, 3005 Colorado Drive Green Meadow Holdings LLC, Fuzzys Taco Shop, 407 W. Eldorado Parkway, Suite 370 Kenny Que LLC, Kenny Que Catering, 216 Willowlake Drive L & S Signature Investments Inc., Lindy’s Signature Studio, 1224 Shell Beach Drive Amay Foods LLC, Drink Coffee + Tea and Qwench Juice Bar, 1020 W. Eldorado Parkway, Suite 102 Elle Maxwell LLC, Elle Maxwell, 1012 W. Eldorado Parkway, Unit 586 76201 Recharge MI Lab LLC, More Street Baptist Church, 345 E. Hickory St. Upper Park Cafe LLC, Upper Park Cafe LLC, 222 W. Hickory St., Suite 104 B&O Towing Inc., B&O Towing Inc., 104 W. McKinney St. A&J Japanese Food Inc, A&J Japanese Food Inc, 828 W. University Drive Chase Haden Christensen, Pleased to Skate, 1518 Broadway St. Republic Finance LLC, Republic Finance LLC, 2317 W. University Drive, Suite 107 T And Z Generated Holdings, Inc., T And Z Generated Holdings, Inc., 2533 W. Prairie St. James Avery Craftsman, Inc., James Avery Craftsman Inc., 2500 W. University Drive

Santram Corporation, Econo Cleaners, 2221 W. University Drive Quik’n Tasty Foods, Inc., QuikTrip #905, 321 Eagle Drive Zag LLC, Kwik Kar Denton Rayzor Ranch, 2303 W. University Drive Joseph W. Prevratil, Holly’s Florist, 700 E. Sherman Drive Lauren Logan, Lucky Locks Beauty Bar, 116 N. Austin St. Helen Cordelia Kistler, Helen C. Kistler, Arbitrageur, 624 W. University Drive #279 Poke Boys LLC, PO-K Loco, 119 Ave. A 76205 Skechers USA Retail LLC, Skechers USA Retail LLC, 1447 S. Loop 288 PNMSD Investment LLC, OMG Donut, 703 Londonderry Lane Replay Holdings LLC, Rubber Gloves Rehearsal Studios, 409 E. Sycamore St. Airgas USA LLC, Airgas USA LLC, 1139 Fort Worth Drive BPZ LLC, Kwik Kar Denton Colorado Blvd., 2233 Colorado Blvd. Kyle D. Taylor, Kyle Taylor, 1331 Laredo Court Denton 2 Dental Services LLP, Denton 2 Dental Services LLP, 1300 S. Loop 288, Suite 100

76249 Carlos Avalos, Brunch Cafe & Cocina Latina, 900 E. McCart St. Donald Brown, FashionGearUSA, P.O. Box 153 Kenitha Brown, HomeAhrray, P.O. Box 153 Calvin Lang, H and L Enterprises, 2120 Mitchell Road Catherine Richardson, Catherine Richardson MA LPC, 1602 Sequoia Drive Christine Secor, Robcor, 9917 FM1173 David Weckar, David Weckar Heating and Air, 529 W. Lloyd St.

76209 Tom Lovelace Company, LLC, Papa Murphy’s Pizza, 1105 E. University Drive Discount Tire Company of Texas Inc., Discount Tires # TXD 87-2161, 100 S. Loop 288 Brothers Waste Removal LLC, Brothers Waste Removal LLC, 3004 Armstrong St. 76210 Donald Sharp, Best Commercial Roofing, 2404 Creekwood St. JTS Haven Corporation, Sonny’s Donuts, 44271 FM2181, Suite C330 Connie Cohn, Connie Cohn, 3939 Teasley Lane, Lot 66 Denton Dental Services LLP, Denton Dental Services LLP, 5017 Teasley Lane, Suite 165 End Time Tactical LLC, End Time Tactical LLC, 7305 Raintree Way Lorelai Scott, Majestic Staging Design, 3939 Teasley Lane, Lot 72 Alexis Jordan Mahon, EMPWR, 3214 Andalusian Drive Jee Lee, LLC, Elite Martial Arts, 4451 FM2181, Suite 122 Quik’n Tasty Foods, Inc., QuikTrip #911, 3701 S. Interstate 35E Michael Kennedy, Seamless Integrations, 3319 Brampton Drive Alexis Jordan Mahon, EMPWR, 3100 Hidden Springs Drive Superior Solar Solutions, LLC, Superior Facilities Solutions, 2226 Post Oak Drive Tom Lovelace Company, LLC, Papa Murphy’s Pizza, 5017 Teasley Lane, Suite 135

76207 Tyler Salyers and Kari Salyers, Silver Meadow Photography, 705 Meadowedge Lane Kress Motor Cars, LLC, Outback RV of Texas Co, 1001 N. Masch Branch Road Stone Edge Countertops of North Texas LLC, Stone Edge Countertops of North Texas LLC, 2271 N. Masch Branch Road, Suite 1 Roden Consulting, LLC, Roden Consulting, LLC, 8409 Sterling Drive Eurovia Atlantic Coast LLC, Sunmount Paving Co., 6831 N. Interstate 35 Quik’n Tasty Foods Inc., QuikTrip #912, 3113 W. University Drive

76226 The Vmgrind LLC, Cuppa Espresso Bar, 1119 S. U.S. Highway 377 Blue52 Fitness, LLC, Blue52 Fitness LLC, 11961 Hilltop Road Lone Eagle Firearms LLC, Lone Eagle Firearms LLC, 613 Seals Road Sunshine Carpet and Floor Cleaning LLC, Sunshine Carpet and Floor Cleaning LLC, 2652 E. FM407, Suite 235 Mesquite Bean Trading Co. LLC, Mesquite Bean Trading Co. LLC, 1504 4th St. Wantit Creations LLC, Wantit Creations, 11500 Feather Reed Road Teresa Owen, Playful Peach Boutique, 9135 Parson Drive Glenn Norman Behring, DFW Blinds, 419 E. FM407

76208 Quik’n Tasty Foods Inc., QuikTrip #899, 3300 E. University Drive WDZ LLC, Kwik Kar Denton East University, 3507 E. University Drive

76227 Samanthe Lynn Taylor, Taylor Design AAC, 9915 Wethers Field Circle Naturally Well LLC, Naturally Well Center of Texas, 8800 U.S. Highway 380, Suite 856

BUILDING PERMITS The following building permits were issued by the Denton Planning and Development department in December. Commercial alterations and commercial permits reflect the owner or tenant and the address of the business. Residential permits include the address of the home. CERTIFICATES OF OCCUPANCY Jethro and Gayvictoria Hugo, 5201 Par Drive, Building 5 Ali and Nadine Ghanem, 5201 Par Drive, Building 17 Barbara and David Kinast, 3921 E. McKinney St., Suite 3 Roger and Sheila Schroeder, 681 Fort Worth Drive Jesus Gloria, 5800 N. Interstate 35, Suite 505 Cassandra and John Piott, 5800 N. Interstate 35, Suites 508 and 510 Terry and Patricia Schaffer, 2038 W. University Drive, Suite 104 Jeffrey and Susan Tucker, 603 E. McKinney St., Suite A DR Horton, 603 E. McKinney St., Suite B DR Horton, 2535 W. Prairie St. Roger Anderson, 2269 N. Masch Branch Road William Olson, 1214 Fort Worth Drive, Suite 104 Howard Jones, 2736 N. Elm St. RR Marketplace LP, 1550 N. Western Blvd., Suite 100 RR Marketplace LP, 1304 Teasley Lane Spud Luck, LLC, 405 S. Elm St., Suite 301 Tsui-Feng Chang, 5000 Energy Place, Building 300 Hilda and Samuel Espinoza, 3401 Joyce Lane NWC Hickory Partners LLC, 3401 Joyce Lane, Building 1 Denton LTD, 3401 Joyce Lane, Building 2 Galen Dean, 3401 Joyce Lane, Building 3 DBC Sundown Inv LP, 3401 Joyce Lane, Building 4 Peter C. Kern Enterprises, 3401 Joyce Lane, Building 5

76247 Randy Eugene Brady, Brady Enterprises, 11184 Olen Road Jeremy Campbell, We Bee Keepin’, 1848 Ramada Trail

Harold Schwartz, 3401 Joyce Lane, Building 6 Kent Sparks, 3401 Joyce Lane, Building 7 Wendy Winfrey, 3401 Joyce Lane, Building 8 John Smyer, 2701 Shoreline Drive Lisanne Jennett, 3430 E. University Drive Chris Bennett, 2303 W. University Drive Denton Justice Plaza, LLC, 3507 E. University Drive Robson Denton LP, 2233 Colorado Blvd. COMMERCIAL Gehan Homes, 2505 W. University Drive, Suite 1001 Benbrooke University Partners, 1001 Masch Branch Road Lisanne Jennett, 2206 W. Hickory St. Northstar Bank of Texas, 312 W. McKinney St. Garrell Strittmatter, 701 S. Loop 288 Gerrall Strittmatter, 2421 Fort Worth Drive Sharon Prairie Homes LLC, 3305 S. Mayhill Road, Suite 117 Salvatore and Glori Calvanico, 3606 S. Interstate 35E, Suite 130 Catherine Howington, 2310 W. University Drive Gehan Homes, 2214 Emery St., Building 1, Suites 110 and 130 Barbara Warren, 3200 S. Interstate 35E, Suite 1129

Dennis and Charlotte Williams, 2500 W. University Drive, Suite 1330 Karol Anderson, 2214 Emery St., Building 1, Suite 110 Joseph Digregorio, 6420 N. Interstate 35 Riki Young, 1211 W. Oak St. Jean Collins, 1801 N. Masch Branch Road Denton County, 7222 Crawford Road, Suite 104 Timberlinks at Denton, 3200 S. Interstate 35E Timberlinks at Denton, 2721 Shoreline Drive Fastenal Co, 4201 N. Interstate 35, Suite 110 Malessa Bohannon, 612 E. McKinney St. Denton County, 4201 N. Interstate 35, Suite 101 Taco Bell of America LLC, 1512 Interstate 35W, Suite 108 William Fuller O’Neil, 3925 N. Elm St. Ian and Stephanie Finseth, 4050 S. Interstate 35 Glenn and Elizabeth Maynard, 218 W. Oak St. Exposition Mills of Texas Inc, 3000 N. Interstate 35, Suite J Lavanya Murugan, 306 N. Loop 288 Daniel Montague, 2214 Emery St., Building 6 RESIDENTIAL Carol Tanner, 10405 Lindenwood Trail Castle Development Group Inc., 3304 Masthead Drive Darcy Rentz, 3805 Forest Bend Road James and Tracy Otto, 9629 Arkose Drive DR Horton 2417 Canongate Drive 2421 Canongate Drive

76259 Sergio Perez, S.P. Painters, 11654 Cinnamon Lane 76262 Darren Gouge, Gouge Family Designs, 4040 Dellman Drive Landmark Auto, LLC, Village Motors, 4325 Dale Earnhardt Way Amber Loman, Texas Southern Sweets, 2535 Broadway Drive Todd Martin, Todd Martin, 4132 Elmgreen Drive Amy McCullough, Gracefully Made, 4532 Seventeen Lakes Court Seyi Olanipekun, M&S Tax Service, 3412 Hockley Ranch Road Scott Palmer, Roanoke Pharmacy, 207 E. Byron Nelson Blvd. Kyle Shorey, Shadetree Fabrications Inc., 5463 Kelly Drive Jacob Vance, Ad-Vance Dent Repair, 13861 Raceway Drive, Apt. 937 Corbett Walker, Kitchen Tune-Up, 623 Allister Court 76266 Dallas Jet Ski Rentals LLC, Lewisville Lake Jet Ski Rentals, 1000 Primrose Drive Robert Scott Evans, Scott Evans Consulting, 6260 Crow Wright Road North Texas Welding and Repair LLC, Dallas Roofing and Repair, 1000 Primrose Drive Jeffrey Taylor Goodwin, Goodwoodin Design, 4119 Bridle Path Lane Sharon Sahm, Chart the Waters, 8920 N. Locust St.

Melissa Renate Elsberry, Trade Sense, 804 Fairmeadow Circle William A. Anderson, Call to Arms II, 5295 S. U.S. Highway 377 Cross Roads Dental Services LLP, Cross Roads Dental Services LLP, 11650 U.S. Highway 380, Suite 100 Southern Floors of Texas LLC, Southern Floors of Texas, 5285 S. U.S. Highway 377 RLZ, LLC, Kwik Kar Paloma Creek, 26737 E. University Drive Greystone Roofing LLC, Greystone Roofing LLC, 5099 S. U.S. Highway 377 Heather D. Rowell, CampingGearForDogs.com, 4241 Cheyenne Trail Bottlecap Alley, LLC, Bottlecap Ally Icehouse Grill, 11990 U.S. Highway 380 Stephanie Nichole Hanley, AK2TX Printing, 11450 U.S. Highway 380, Suite 130 Akala TX LLC, Akala TX LLC, 1608 Ranch Trail Road Ashley Cerise Bell, Bell’s Outfitters, 9013 Chisholm Trail Van Huynh, TeaCo, 26742 E. University Drive, Suite 240 Shalondria S. Winston, Sha’lia Ledon, 9125 Eagle Drive Warren Ware and Amanda Ware, Galleon Virtual Steamworks, 1219 Cardinal Way Sheldon H. Travis, Homewood Steamworks, 1732 Murphy Court Upper Park Cafe,LLC, Upper Park Cafe LLC, 200 S. Main St. 76249 Jackeline R. De Leon, BIGBOYTXCUSTOMS, 1830 Darby Smith Road Precision Fireworks, LLC, Precision Fireworks, LLC, 800 E. McCart St. 76258 April Ann Hurst, Esthetics by April Hurst, 432 S. U.S. Highway 377 Susan Marie Tompkins, Susan Tompkins/Scentsy, 514 S. Washington St. MHF, Inc., Mandolynn Hill Farm, 8701 FM2931 76266 Diana M. White, Bead Bait, 7281 W. FM455 Gabriel Joseph Rich, Gabriel’s Gun Works, 4008 Bridle Path Lane Bradley Jay Bell, T&T Flowers and Gifts, 904 S. 5th St. Next Level General Contractors LLC, Next Level General Contractors LLC, 711 N. 5th St. #100 D & L Farm and Home Inc., D & L Farm and HomeSanger, 804 N. 5th St. AGD Homes LLC, AGD Homes LLC, 7801 Indian Trail Susan Thomas, Susan’s Sugar Scrubs, 2504 Wichita Trail

History Maker Homes 2425 Canongate Drive 2429 Canongate Drive 7624 Echo Hill Lane 7705 Falcon Ridge Road 9404 Lake Fork Trail 5629 Las Lomas Lane 9500 Meadowpark Drive 9512 Meadowpark Drive John and Donna Perfetti, 12417 Grosbeak Drive Mark and Nanette Behning, 12509 Grosbeak Drive Michael and Heidi Powell, 3224 Masthead Drive Randall Shaklee, 2413 Canongate Drive VRR Apt. LLC 5009 Brookside Drive 9405 Claridge Drive 7700 Echo Hill Lane 7817 Echo Hill Lane 2604 Empire St. 7701 Falcon Ridge Road 12401 Grosbeak Drive 1713 Keel Lane 5004 Marble Falls Drive 3221 Masthead Drive 3308 Masthead Drive 1700 Spinnaker Drive 1708 Spinnaker Drive Wendy Winfrey, 1716 Spinnaker Drive

Answering questions about and exploring the duties of that ‘F’ word

“W

hat is that ‘F’ word? … Fiduciary? … Is that

what I am?” These are not entirely uncommon questions posed by clients to a lawyer. In fact, many people are in a fiduciary relationship and don’t even know it or don’t know their role. In fiduciary relationships, ignorance is not bliss — it can lead to serious civil and even criminal ramifications. In a fiduciary relationship, one person has a duty to act for the benefit of another person or certain group of people. Most fiduciary relationships are imposed by law, regardless of whether the parties intended to create such a relationship. The fiduciary owes the duty of loyalty, good faith, candor, to refrain from self-dealing, to act with integrity and the duty of fully disclose. In other words, a fiduciary

Ryan WEBSTER | COMMENTARY

cannot use his position to benefit his own interest rather than the interest of his intended beneficiary. The fiduciary must be honest and disclose all relevant information to the beneficiary. Who are fiduciaries? Whom do they owe these duties to? Formal fiduciary relationships include: business partners, who owe certain fiduciary duties to each other; holders of a power of attorney, who owe fiduciary duties to the person giving them the power; trustees

and estate representatives, who owe duties to their beneficiaries; attorneys, who owe fiduciary duties to their clients; and employees, who owe their employer fiduciary duties. These formal fiduciary relationships are created by forming one of the foregoing relationships. However, in some situations the duties owed may be altered by contract (such as a partnership agreement or employment agreement). Fiduciary duties do not extend beyond the scope of the fiduciary relationship, and the type and scope of duties owed depend on the type of relationship. Some relationships come with more duties than others. For example, trustees and personal estate representatives (executor or administrator) owe their beneficiaries duties in addition to the general fiduciary duties. They are often entrusted with the care and management

of valuable assets for the benefit of a trust or an estate’s beneficiaries, and they have a duty to properly manage and safeguard assets that come into their possession and to account for those assets to the beneficiaries. Attorneys have additional duties to their clients, such as keeping client confidences. Employees owe their employers more limited fiduciary duties. While employed, employees must act in their employer’s best interest. An employee cannot, for example, divert a deal to himself or a competitor in exchange for more money or to harm his employer. However, the duty to act in the employer’s best interest does not prevent an employee from taking certain steps to compete with his employer. While employed, an employee can seek other employment from a competitor or make plans to form a competing business, but the

employee cannot try to take the employer’s customers or other employees before he resigns. The employee cannot take the employer’s trade secrets (e.g. customer lists or the secret formula) when she leaves or later use the employer’s trade secrets. If a fiduciary breaches any of his duties and the breach causes injury to a person owed that duty, or if the fiduciary derives a benefit from the breach, the fiduciary is liable. Unlike most other causes of action, the plaintiff does not have to be injured. If the fiduciary benefited from his breach without causing harm to the plaintiff, the fiduciary may still be liable. This does not mean that the fiduciary can never benefit from the relationship. In fact, they usually do derive a benefit (e.g. charging for their services). To avoid liability, the

fiduciary must be honest, fully disclose his actions and benefits received, and otherwise comply with his duties. Lawsuits for breach of fiduciary duty appear to be on the rise. This is due in part to people assuming the role of fiduciary without having a good understanding of their obligations or duties. There are also plenty of people who intentionally abuse the responsibility entrusted to them. This article is not comprehensive on the subject of fiduciary duties and is not intended as legal advice. If you have questions or need legal advice with regard to a fiduciary relationship, consult with a qualified attorney. RYAN WEBSTER is an associate attorney at Alagood Cartwright Burke PC and can be reached at rwebster@ dentonlaw.com or www. dentonlaw.com

January 2019

Denton Record-Chronicle

CHAMBER SPOTLIGHT #DentonMeansBusiness BUSINESS NETWORKING LUNCHEON

UPCOMING EVENTS

RIBBON CUTTINGS

Snelling Staffing Services December 14, 2018

— UPCOMING RIBBON CUTTINGS — Thursday, January 17 4:00 PM 3801 N I35 #146 Denton, TX 76207

Erik Clark ...................................Chair of the Board Jill Jester...........................Chair-Elect of the Board Jim Fykes ........Immediate Past Chair of the Board Monica Glenn .................... Vice Chair of the Board

Thursday, January 24 4:30 PM 2701 Hartlee Field Rd. Denton, TX 76208

Greg Johnson .................... Vice Chair of the Board Amanda Oringderff ............ Vice Chair of the Board Rick Wick........................... Vice Chair of the Board Carrell Ann Simmons...............................Treasurer

Communites in Schools of North Texas Thursday, January 31 9:00 AM Ryan High School 5101 E McKinney Street Denton, TX 76208

*Denton Chamber Membership Mixer immediately follows at same location.

DIRECTORS Lee Allison • Jason Bodor • Roy Culberson • Sheryl English • Russ Ellis • Gary Henderson Michelle Houston • Amy O’Keefe • Hector Mendoza • Lee Ramsey • Jeff Reecer • Pat Sherman • Randi Skinner

EX OFFICIO DIRECTORS Hugh Coleman...................................................................... Denton County Commissioner, Pct. 1 Carine M. Feyten, Ph.D. ..................................Chancellor & President, Texas Woman’s University Kerry Goree ..........................................................................Denton Black Chamber of Commerce Mary Horn......................................................................................................Denton County Judge Bob Moses..................................................................Chair, Denton Convention & Visitors Bureau Jill Jester...................................................................... Economic Development Partnership Board Marty Rivers ................................................................ Economic Development Partnership Board Neal Smatresk, Ph.D. ............................................................. President, University of North Texas Charles Stafford............................................................................... Denton ISD Board of Trustees Aaron Newquist .........................................................................General Chair, Leadership Denton Chris Watts ....................................................................................................Mayor, City of Denton

Thursday, February 14 10:00 AM 2317 W University Drive #107 Denton, TX 76208

Friday, January 25 9:00 AM Strickland Middle School 234 E Windsor Drive Denton, TX 76207

5 Star Wedding & Events*

DENTON CHAMBER OF COMMERCE BOARD OFFICERS

Republic Finance

Communities in Schools of North Texas

Generator Supercenter

NEW MEMBERS

Republic Finance

2317 W University Drive #107 Denton, TX 76201 (940) 320-6568

Generator Supercenter 3801 N I35 #146 Denton, TX 76207 (940) 320-5600

Evergreen Lawn & Landscaping PO Box 493 Argyle, TX 76226 (940) 321-3081

Cotton Patch Cafe

2505 W University Drive #1001 Denton, TX 76201 (940) 320-1900

Interested in Membership? Call 940.382.9693

In the past 12 months, the Denton Chamber of Commerce and our Denton Convention & Visitors Bureau have promoted the Denton community via: Denton Chamber of Commerce Building: Discover Denton Welcome Center: • 49,478 brochures distributed servicing more than 38,362 people with Denton literature • 11,113 brochures distributed • 1,234 Denton maps and 822 Destination Denton relocation guides • 837 Denton maps and 620 Destination Denton relocation guides • 1,499 walk-in visitors and 1,872 phone inquiries • 76,593 walk-in visitors • Most inquiries come from: Texas, Wisconsin, and California • Most visitors come from: DFW Area, Texas, California, Mexico, New York, and Austin

414 W. Parkway Denton, TX 76201 940.382.9693 Denton-chamber.org

In Denton!

America’s Drive-In Daily ur Happy Ho m p 4 2pm -

www.sonicdrivein.com/denton

Crown Chase Inn & Suites 2450 Brinker Road (940) 387-1000 bwdenton.com

Welcome to The Premier Life.®

To find out how our print, online and mobile advertising programs can help your business grow, call 940-566-6858 or email advertising@dentonrc.com DE-11109

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