Business Entities

Starting a business requires more than a specific skill. There is a talent aspect to opening a company, but a solid business plan includes market research, knowledge of basic business principles and practices, and the right permits and licenses. To protect your...

There are many advantages to going into business alongside family members. With a family-limited partnership, it is even possible for these family members to pool their resources to support the business together. But of course, along with the many benefits of these...

When companies in Texas form, they choose a business structure and file the appropriate paperwork with the state. However, there are important documents that business owners may initially overlook. These are corporate governance documents. Corporate governance...

You have a lot of options when it comes to choosing a business structure that is right for you. And while it may seem like nothing more than a formality, the structure that you choose can actually have significant ramifications for your later. That’s why if you’re...

When starting a new business, you can face many obstacles: finding real estate, hiring employees, drafting a marketing plan and more. Before you even start with these important big-picture items, you must consider which business entity structure works best. Wait,...

There are many reasons why it might become necessary to dissolve an LLC. It could be that the stated duration of the LLC has been reached or an event has occurred which requires dissolution. Whatever the reason, the members have agreed that the time has come – but...

A well-drafted business plan gives you the instructions on how to formulate and run your business for years to come. If you have a solid business plan your business could be more attractive to partners and investors. It is important, though, to choose the best...

The events of the past few years have caused many Texas residents to re-examine their life and work situations. You may have decided to pursue a new hobby or career, or you may just want to make some extra income without leaving the house. In today’s world, there are...

The basic definition of a partnership is simple: Two or more people who associate to carry on business for profit create a partnership. The most valuable instrument in the partnership, the written partnership agreement, legally binds all partners. The agreement...

As an entrepreneur, you have a lot of options when it comes to structuring your business. Settling on a business formation may not seem all that important, but it can actually have tremendous ramifications for your business operations and how any legal issues are...