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...
Business Formation
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...
Tips for choosing a business partner
The right business partner could help your Texas company grow and thrive for many years or decades to come. However, choosing the wrong person may doom your business to failure regardless of how good its products or services are. Let's look at two of the...
Things to think about when launching a startup
Launching a startup business could open the door to financial freedom for a successful and motivated entrepreneur. The business landscape in Texas is welcoming to startups. Still, there are things would-be business owners need to be aware of, including legal issues....
How to choose a partner when starting a business
If you don't already know who your partner will be in your new business venture, you will need to choose one. This can be a challenging process, especially if you don't know where to start. Today, we will provide you with a handful of tips for choosing a partner to...
Benefits of writing up a partnership agreement
Forming a business as a partnership is exciting. But even if you run the business with a best friend, close family member or trustworthy colleague, you never know when things can go sour. A partnership dispute can cause your business to falter, especially if you do...
Considerations in choosing a business structure
When you create a small business in Texas, you have choices as to what structure it will have. At Palmer & Manuel, we know that there are so many different ways of forming a new business that it may be difficult to decide which structure is best. Both your...
What types of businesses are there?
As a prospective business owner or entrepreneur in Texas, you may be wondering how to start your business. Every business requires organization and a clear understanding of the need to maintain and keep documents. , can provide a clear...
What is a family limited partnership?
As a Texas business owner, you have worked hard to build your company, and now it is time to start thinking about your legacy. A family limited partnership allows you to protect your business assets from liability, provide for your family and secure the future of...
