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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...
Each year, many individuals open successful new businesses in Texas, but if an entrepreneur is not prepared, they can make some mistakes in the initial start-up phase. Here are a few tips to help you avoid three of the more commonly made mistakes when opening a new...
Many business owners in Texas will face at least one lawsuit in their lifetimes, but small business owners are particularly vulnerable. Studies have shown that over half of small business owners face a lawsuit every year. If this is your first business, you might end...
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,...
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...
Anyone entering into a business relationship in Texas should know that it is a lot like a marriage in many ways. Unless your business is a single-member entity (i.e., there is only ONE person involved), you will find it necessary to work closely with other...
Before entering into a partnership, you should know what your rights are, in order to prevent legal and financial issues. Ideally, you should have a written contract that sets forth how the partners will resolve conflicts and disagreements, and how a partner withdraws...
If you're starting a business in Texas, you might want to consider operating it as a limited liability company (LLC). LLCs offer certain benefits that you won't get when you're a sole proprietor, and are usually much less complex than forming a corporation. When you...
Most businesses in Texas use logos, jingles, trade secrets and other intangible items as part of their operations. Without these things, they'd likely struggle to differentiate themselves from other businesses. Although intangible items don't take up space, other...
Texas is a pillar of commerce in the United States. Although most transactions go smoothly, some disputes may still arise. Rather than dealing with lengthy court proceedings, many entrepreneurs and businesses opt for arbitration. The basics of arbitration Arbitration...
