Starting a new business can be an exhilarating endeavor. But the federal government and the government of Texas constantly deal with people who are trying to commit money laundering. Criminals use fake corporations and limited liability companies to conceal money...
A business in the preliminary stages of formation or growth, when it brings a new product or service to the market, is considered a startup. In 2021, Texas saw 492,233 such entities, 106,674 more than the previous year. Involvement level The difference between a...
There is an old adage that everything is big in Texas, and for many small business owners, that includes governmental impact on their operations. And when government agencies show up unannounced, it is often not good. Rules and regulations are needed, especially with...
A limited liability company business structure can be an excellent choice for certain Texas operations where there are multiple owners. However, an operating agreement is a must. There should be a well-understood chain of command, as well as responsibilities within...
There are many different routes that you can take in order to form a new business in Texas. One of the most common, popular, and cost-effective will be to form a Limited Liability Corporation (LLC). This is an arrangement that comes with a wide variety of perks. If...
Starting your own business in Texas can be very rewarding. If you do it with another owner, you might have to create a partnership agreement if that is the form of legal entity that you will be operating under. It’s important to include certain terms in your...
Disputes between Texas business owners can arise due to any number of causes. Your co-owner might lose interest in the business, causing them to put in less work. Your co-owner and you may have different ideas on the direction the business should go (i.e. expand or...
Owning a Texas business can be exciting and challenging. However, you might wonder if it’s more worth your while to buy an existing company instead of founding your own. There are pros and cons to buying an existing business. What are the pros of buying an existing...
Considering their size, small businesses often find it challenging to compete with larger companies in Texas. Something that makes this struggle even harder for small businesses involves chargebacks. A chargeback takes place when one party disputes a transaction and...
Going into business in Texas involves a series of binding legal agreements. The nature of these agreements can be stated in certain terms. Once agreed upon, the terms can be made concrete and enforceable by means of a contract. After you sign it, a contract becomes...
