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Operating a business as a partnership in Texas can be lucrative when operations are going well. However, like most relationships, there can be disagreements that spark internal problems. Handling these differences is essential when partners are involved in running the...
A business entity is created for the purpose of managing a Texas business's activities. The type of entity defines the structure of the business, the extent of liability for the owners and the types of taxes to pay. Sole proprietorship A sole proprietorship is the...
Texas entrepreneurs establish businesses for different reasons. Some have intentions of keeping the operation going for an unforeseen time into the future, and others build it specifically with the intention of selling at some point after it has accrued significant...
Creating an operating agreement (also called a company agreement) is essential if you're starting a limited liability company (LLC) in Texas. Knowing how to write one and what to include in it should guide and safeguard you from legal challenges. Having an LLC...
For anyone who is employed or is employing people in Texas, you'll want to keep your eye on the expansion of rights for employees that recently occurred. These changes have been in effect since September 2021, and they increase the potential liability of employers and...
LLCs are usually treated as pass-through entities by the IRS. An LLC itself doesn't pay taxes, only the people working for it so - the members of the LLC pay taxes on their share of the profits. However, members can decide to pay have the LLC taxed as a corporation...
Texas residents may want to learn more about the family limited partnership and its advantages and disadvantages. It is a partnership that a family (or extended family) may form for the a business purpose. A family may use it to run a family business or for holding...
If you're setting up a new venture in Texas, using the proper business structure is essential to ensure that your needs and goals are met. A limited liability company, or LLC, and a limited partnership, or LP, are two popular business structures that you may want to...
Business dealings might involve signing a contract that locks the various parties into an agreement. An employee may sign a deal for a specific salary, or the business could sign an agreement with a product supplier. All parties must follow the terms of their contract...
Not understanding the different facets of business law means an increase in the risks of litigation. There are different rules and regulations that a business must follow to remain in legal operation. Otherwise, owners in Texas may face multiple legal problems that...
