Business Entities

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...

Businesses come in different formats, and each format has its advantages and disadvantages. One of the most popular formats for small businesses is the limited liability company, or LLC. When forming an LLC in Texas, whether from the ground floor or formalizing a...

Sometimes all it takes is a spark of inspiration that makes you decide you want to strike out on your own and start your own small business. That being said, there are steps to take when forming a small business. This includes choosing a business structure. There are...

Small business owners starting out in Plano have many options. While some small business owners want to strike out on their own, others do not want to go through the process of starting their own enterprise from the ground up. These small business owners may want to...

Many people decide to go into business with their family members. There is an arrangement called a family limited partnership where the members pool their financial resources for the business project. Each family member can purchase shares of the business and then...