Forming a new business in Texas can be an exciting time, but it requires you to fulfill several necessities. One of the matters you must address to operate legally is choosing a business structure. Deciding on the appropriate one is based on factors such as the...
A limited liability company, or LLC, has a wide range of functions and benefits to its owners, also known as members. Choosing the right type of business entity in Texas affects how your profits and losses are taxed and allocated. There are several factors to consider...
If you're thinking about starting a business in Texas, you might not want to do this by yourself. Fortunately, many business owners get the help they need by establishing a business partnership. Before officially starting a company with your new partner, it's...
Partnerships are a great way to run a business in Texas as you can pool your talents with one or more people. Properly setting up a partnership requires a sound agreement that outlines how the company will operate. Here are several points that you should include when...
Do you have a family business in Texas? Forming a family limited liability company (LLC) may be the ideal business structure for your needs, especially if your business continues to grow. What is a family LLC? A family LLC is a subtype of a limited liability company...
Many small businesses have to deal with a dispute at some point. When this happens, they have several different options for resolving them in Texas. Here are the most common ways that small businesses get disputes resolved. Mediation It is not uncommon for some...
Forming a partnership in Texas is a good way to take advantage of pooled strengths among professionals who have a common business interest. It is important to develop a thorough agreement between you and your partners that defines the terms and goals of your...
Starting your own Texas business may be an effective way to gain control over your career, while helping to improve the lives of your loved ones. However, it's important to note that roughly half of startup companies fail within five years of their founding. You might...
While most people in Texas think that all contracts are in written form, they fail to realize that there are verbal contracts (sometimes also referred to as oral contracts). Under certain circumstances, a verbal contract can also be binding on the parties. A verbal...
Working with a partner may be an effective way to ensure the survival of your Texas business. However, there is no guarantee that your partner is going to be able to help your organization achieve its goals. A lack of communication skills, an inability to take...
