If you are considering creating a startup and deciding whether to issue common stock, preferred stock, or both, then it is important that you understand the difference between the two, and why one may be better than the other. In Texas, there is a lot of commercial...
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Mistakes to avoid when starting a business
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...
Three mistakes to avoid when starting a new business
Each year, many individuals open successful new businesses in Texas, but if an entrepreneur is not prepared, they can make some mistakes in the initial start-up phase. Here are a few tips to help you avoid three of the more commonly made mistakes when opening a new...
Formulate a Management Agreement to Avoid Disputes
Anyone entering into a business relationship in Texas should know that it is a lot like a marriage in many ways. Unless your business is a single-member entity (i.e., there is only ONE person involved), you will find it necessary to work closely with other...
What are the benefits of an LLC?
If you're starting a business in Texas, you might want to consider operating it as a limited liability company (LLC). LLCs offer certain benefits that you won't get when you're a sole proprietor, and are usually much less complex than forming a corporation. When you...
Why should you hire an attorney when you start a business?
Starting a business partnership in Texas might seem fairly easy. Two people have an idea, get together and form a business. That's all it takes, right? In fact, a business partnership is a complex legal agreement that can lead to conflicts if it's not handled by an...
Why you should consider the LLC structure
A limited liability company, or LLC, can be ideal for Texas small business owners who want to protect their assets without forming a corporation. Assuming that you don't elect to change your LLC's tax status, it will be treated like a sole proprietorship or a...
Four steps to starting a business
Entrepreneurs in Dallas may be interested in learning the basics of starting a business. If you follow certain established steps, the process will be easier. Beginning a business involves planning as well as making important financial decisions. Research and plan...
Flexibility of a limited liability company
One type of business structure accepted in all 50 states is a limited liability company, more commonly referred to as an LLC. Rules for forming an LLC in Texas may differ from other states, so owners should check with their specified secretary of state for formation...
Should you incorporate your business?
Incorporating your business adds legitimacy to it while also formally spreading out the responsibilities associated with it to your corporate partners. Yet with it also comes added liabilities, among which are new tax regulations. Many business owners and executives...
