Classifying and tracking business expenses is important for Dallas small business owners. Properly tracking your expenses keeps your business running smoothly, while categorizing expenses helps with organization, planning and filing taxes. First, label your expenses...
Business Law And Litigation
Businesses should watch out for fake trademark law scams
Businesses put a lot of time, energy and money into building their reputations, and all that can be at risk if a competitor tries to confuse consumers by marketing an inferior product that is designed to imitate the original. To avoid that fate, many businesses choose...
What is an anticipatory breach?
Business contracts are generally beneficial to both parties (after all, that is why both agreed to the contract). Still, circumstances can put one party at risk of financial or other loss. In some cases, one of the parties may anticipate that the other party will...
Preventing consumer disputes in online businesses
With the ability to reach customers anywhere worldwide and operate 24/7, online businesses have disrupted traditional brick-and-mortar models. It has created new opportunities for entrepreneurs and consumers alike. Along with these new opportunities, new challenges in...
The possible benefits of creating a separate entity
There are many ways in which you can organize your Texas company. Unless you elect to choose a different entity, your business will function as a sole proprietorship. While this may be the most convenient way to run an organization, it is not always the best way to do...
Understanding a joint venture and a partnership
A joint venture and a partnership are each made when two or more parties want to join the same team. Their purposes vary from businesses wanting to attract more customers to wanting to increase profits. In addition to obvious similarities, there are numerous...
The importance of due diligence in acquisitions in Texas
Whenever you invest in a property or a business, it's essential to do your due diligence. And if you're thinking of acquiring a business in Texas, study the company, look at its financials, and make sure the acquisition is a good fit for you or your organization. Here...
How does the Anti-Money Laundering Act of 2020 affect you?
Starting a new business can be an exhilarating endeavor. But the federal government and the government of Texas constantly deal with people who are trying to commit money laundering. Criminals use fake corporations and limited liability companies to conceal money...
The pros and cons of government regulation on businesses
There is an old adage that everything is big in Texas, and for many small business owners, that includes governmental impact on their operations. And when government agencies show up unannounced, it is often not good. Rules and regulations are needed, especially with...
Should I buy an existing business?
Owning a Texas business can be exciting and challenging. However, you might wonder if it’s more worth your while to buy an existing company instead of founding your own. There are pros and cons to buying an existing business. What are the pros of buying an existing...
