Do you have a family business in Texas? Forming a family limited liability company (LLC) may be the ideal business structure for your needs, especially if your business continues to grow. What is a family LLC? A family LLC is a subtype of a limited liability company...
Business Formation
What are the three types of business partnerships?
Forming a partnership in Texas is a good way to take advantage of pooled strengths among professionals who have a common business interest. It is important to develop a thorough agreement between you and your partners that defines the terms and goals of your...
Common types of business entities
In recent years, the LLC business entity has become one of the most popular throughout the United States. This type of entity helps to protect Texas business owners from being held personally liable for any of the business's liabilities. However, an LLC is not always...
Why should you consider filing taxes as an S corp?
Texas businesses that are just getting started have a lot of choices to make. One of the most important is what entity they will establish their business underneath and whether they decide to use an S corp filing. Most people are not familiar with the S corp filing,...
The pros of forming an S corporation
Texas entrepreneurs looking to set up shop will have a big decision to make: what type of business entity they want to set their business up as. An S corporation is not one that many people are overly familiar with. However, it provides many benefits for the business...
Why an LLC is necessary
Entrepreneurship is one of the cornerstones of the "American dream" as thousands of people make the decision every year to be their own boss and strike out on their own. While many entrepreneurs make the decision to create their business as a sole proprietorship,...
Choosing a business structure for a startup business
Texas can be a great place for startup entrepreneurs, but business owners will need to make several important decisions if they wish to take full advantage of the many business opportunities the Lone Star State presents to them. One of the most important of these...
Start-up costs to consider
A carefully crafted business plan is a great benefit to new business owners in Texas. One of the most important aspects of creating a great business plan is fully understanding the start-up costs involved. Research The costs associated with starting a company begin...
Selecting the right business structure impacts future operations
When starting a business in Texas, one of the most important considerations is determining what legal structure your company will have. The structure you choose will affect all aspects of operation, including how much taxes you pay and how much personal liability you...
The advantages of a written partnership agreement
If you form a business with another person, you should create a written partnership agreement. This is generally a good idea whether the company is based in Texas or any other state. The agreement should state how profits are shared and the roles that each person will...
