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...
Business Formation And Planning
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...
Red flags when choosing your business partner
You want to start a business, but you don't want to do it alone. You know you could benefit from a business partner. You're looking for someone who has skills and talents that you lack. Who you choose is incredibly important to the health and success of your business...
Should you form your company as an LLC?
When it comes time to create an official entity for your business, you may quickly realize that the number of business structures you may choose from can seem overwhelming. Many new business founders push forward into the market too quickly without properly...