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...
Business Formation
What to know about being a franchisee
Starting your own business in Texas can be an effective way to control or grow your career. However, running any type of business means understanding consumer and customer habits, state and federal employment laws and other important matters. You may also need to make...
What to consider when planning to buy a business
Starting a business from the ground up can be overwhelming, which is why some people prefer to buy establishments that are already up and running. It might seem like an ideal option because the uncertain aspects of business formation are already in place. However,...
An LLC operating agreement may be necessary in Texas
Creating a limited liability (LLC) structure for your business in Texas is a smart move for any entrepreneur. It provides your business with protection and flexibility, while simplifying administrative and legal processes. However, an LLC without a good operating...
Avoid these common mistakes when creating your business
Starting your business is an exciting time. You might be eager to get your company up and running, but there is a lot to do before you open your doors to the public and your clientele. While you will need to secure space, talent, and supply chains, your venture should...
Writing your business plan
Many people dream of running their own small business, but starting a small business in Texas requires careful planning and organization. This is why having a good business plan is so important. A business plan is a written document that outlines how you are going to...
What is involved in forming a nonprofit corporation?
The process of forming a nonprofit organization in Texas is similar to forming any other business entity. However, there are many types of nonprofit organizations, and if you plan to accept donations, there will be a few additional requirements for you to gain...
Should your startup hire a W-2 employee or a 1099 contractor?
Texas is a hotbed of startup action. As an entrepreneur, you could launch a business in fields as diverse as tech, health care or energy. You know your game plan inside and out; part of this plan is deciding who you need on your team. Should you hire a regular...
How to scale a startup
As your startup grows, keeping pace with legal requirements is crucial. Compliance protects your business and ensures continued success. It is like a solid foundation that keeps your venture steady and secure amid challenges. It allows you to focus on scaling and...
Should I start or buy a business?
In Texas, aspiring entrepreneurs must decide whether to start a business from the ground up or buy an existing one. Each path has its advantages and pitfalls, and understanding each option in more depth can help you better decide which suits your needs. By weighing...
