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...
Business Entities
Forming a limited liability company in Texas
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...
What business structure is right for me?
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...
The basics on buying an existing business or franchise
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...
Forming a family limited partnership
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...
COVID-19 is Affecting How you Buy a Business
Recently, we have been advising some clients and potential clients regarding possible acquisition opportunities created by the COVID-19 pandemic. The changing customer base and buying habits are substantially changing numerous industries and are creating opportunities...
In Texas, it does matter how you sign your contracts!!
I continually stress to our business clients that they should always sign any contracts, agreements, purchase orders, change orders, or other written documentation with their company's signature block and their representative title, if they intend the agreement to be...
I want to start a new business and need a LLC
We get a lot of telephone calls and emails from potential clients regarding the creation of a new business or real estate venture or investment. Invariably the potential client asks us for our estimate of the charges to create the new entity and then asks us why they...
Why Your LLC Needs an Operating Agreement
Setting up an LLC in Texas is a relatively simple task that requires very little information. To successfully form an LLC in Texas you only need to provide the name of the LLC, the registered agent's name and address, identify the LLC's members or managers, a...
Entity Formation Considerations
With the advent of self-help legal websites and advances in on-line entity formation tools offered by many states, it is now easier than ever for anyone to form their own legal entity without the assistance of an attorney. However, the convenience offered by such...