An operating agreement, also called a "company agreement" in Texas, is the internal rulebook for your LLC. It governs how your business runs, how decisions get made and what happens when things change. Without it, state law steps in and makes decisions for you using...
Business Formation
What clauses should Dallas co-founders include in an agreement?
Two friends with a great idea may not think about how to handle a business breakup on day one. However, disagreements between co-founders can arise quickly. A well-written founders' agreement may help prevent small conflicts from growing into deadlock or a lawsuit. ...
Should I form an LLC or stay a sole proprietor?
If you are running a business on your own in Texas and have not formally organized it, you are operating as a sole proprietor by default. That may work fine in the early stages, but as your business grows, the question of whether to form an LLC becomes more pressing....
Can foreign owners form Texas LLCs?
You may wonder if you need U.S. citizenship to start a business in Texas. In many cases, the answer is no. Foreign owners often can form a Texas limited liability company (LLC), if they follow state filing rules and federal tax requirements. Still, the process can...
Texas entrepreneurs: How to legally start your LLC today
Having an amazing business idea is not the only thing you need to start a business in Texas. You need to set up your business legally so you can operate without issues. Forming a Limited Liability Company (LLC) offers you flexibility, liability protection and tax...
3 questions to ask when choosing a business entity type
Starting a new business requires careful planning and major investments. Entrepreneurs often commit hours of unpaid work every week to their startup concepts. They have to fund their organizations either through their own resources or by finding sources of financing....
Is your Dallas startup legally ready to launch?
Starting a business means making several important decisions, and legal planning should be one of the first considerations. It may not be the most exciting part of launching your company, but ignoring this can cost you time, money and growth opportunities. When you...
Will a dispute ruin my startup before it gets off the ground?
Starting a business can be an exciting yet challenging endeavor. However, disputes during the startup phase can derail the business before it even begins. Understanding the potential causes of disputes and how to resolve them can help ensure that the startup survives...
When to turn your hobby into a business
Have you ever wondered if your hobby could turn into something more? Perhaps you have found yourself spending more and more time on your favorite pastime, or maybe you have started receiving compliments and inquiries about your creations. If so, it might be time to...
What does it mean to be a registered agent for an LLC?
The limited liability company, or LLC, is a type of legal structure that is popular among small businesses. Compared to a sole proprietorship or simple partnership, an LLC provides some important protections for the individuals involved, so that the owners of the...
