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 your company even in the event of your retirement, death or incapacitation.
As a new calendar year gets underway, many companies are turning their attention to how the newly implemented tax laws will play out as they file their 2018 business tax returns. Texas businesses may also decide to reevaluate the form of the entity they are using.
The business structure you use for your new Texas startup impacts many facets of the organization. At Palmer & Manuel PLLC, we often provide expertise to clients who wish to choose the right business structure of their startup.
Individuals looking to start a small business here in Texas may find a report from earlier this year quite encouraging. The report points to the state being a great place for startups.
A number of what are called Health Wildcatters startup companies have been attempting to raise funds. These companies graduated from a Dallas accelerator program with the goal of changing the manner in which healthcare is practiced. This program was designed to pair business startups with a network of investors and mentors in the Dallas area.
The amount of venture capital raised by businesses in Texas is down slightly from what was reported in 2013. Companies reportedly raised $348.7 million in venture capital during the first quarter of 2014. The amount raised during the first quarter of 2013 was $546.4 million. The amount of venture capital raised during the fourth quarter of 2013 was $344.63 million.
As demonstrated by the acquisition of the First State Bank of Central Texas, there appears to be a trend in the field of community banking. First State Bank was just recently purchased for $211 million and the deal is set to close in June.
A Texas-based company reportedly has raised $9 million in venture capital funding in an attempt to enlarge its railroad crosstie business. This corporation manufactures these crossties from recycled plastic.
Though American Airlines based out of Fort Worth and US Airways have sought to merge, the decision was largely dependent upon actions taken by the U.S. Department of Justice. It now appears that the DOJ will let this merger go forward, but the two airlines also had to make a number of compromises for this to occur. For example, the new airline would have to give up a number of slots at some of America's largest airports.