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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...
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...
Running a Texas business with a partner may increase the chances that your company will be successful. However, as with any relationship, there is a chance that you and your partner will disagree from time to time. Fortunately, it may be possible to prevent a...
Starting a business in Texas is a big risk, and it’s hard to go it alone. That’s why so many companies are started by co-founders. Often, one party has the idea, and the other has the capital, and giving away equity in exchange for funding is a very viable way to get...
Partnerships are one of the most common business structures in the U.S. Unfortunately, like any close relationship, business partnerships can sometimes be fraught with tensions. It's common for partnership disputes to arise in Texas and elsewhere in the country. When...
