While the Coronavirus (COVID-19) was disrupting everyone’s lives, Palmer Lehman Sandberg worked to achieve a balance – continuing to take care of our clients’ legal needs, while protecting our clients, our employees, and our community (local and nationwide).

As Texas has begun to reopen, Palmer Lehman Sandberg has adjusted accordingly.

  • We are available for in-office meetings, with the following protections in place – while in our building and our office common areas (lobby, elevators, hallways, etc.), visitors must wear face coverings, and maintain social distancing (minimum 6’) as much as possible.
  • We continue telephone and video conferencing in place of face-to-face meetings, for those who prefer it.

As we continue to serve you, we wish everyone safety and good health as together we move forward through these uncertain times.

Please reach out to anyone at our firm via email or phone with any questions or concerns.

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After 5-year drop-off, startups make a comeback

| May 31, 2015 | Business Formation And Planning |

Startups are a vital part of the economy in Dallas and the country as a whole. In 2009, however, there was a steep decline in the number of new startups in the U.S. Mostly attributed to the Great Recession, which began in 2007, the drop was likely a sign that fewer people were willing to take risks by starting their own business.

After a five-year drop, however, the trend has been reversed. The latest numbers show an average of 310 new entrepreneurs for every 100,000 adults. Last year, the average was 280. 

More good news for the U.S. economy is that the majority — nearly 80 percent — of the new entrepreneurs are “opportunity entrepreneurs.” Unlike those who start a business because they have lost a job or can’t find one, opportunity entrepreneurs are people who choose to start a business because of an opportunity they feel exists.

Although the number of new startups is still much lower than it was two decades ago, the trend reversal is a sign of improving economic health. Of course, starting a business is not an easy process, and the beginning stages are crucial to ensuring an entrepreneur’s goals are realized.

If you are considering starting a business, it may be wise to speak with an experienced business formation attorney. An attorney can assist you in selecting an entity, establishing partnership agreements and filing the appropriate tax forms, among other things.

Source: Entrepreneur, “For the First Time Since the Great Recession, U.S. Startup Activity Is Strengthening,” Catherine Clifford, May 28, 2015