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2021 is a unique year. After hopefully coming out of the worst of the COVID-19 pandemic, entrepreneurs are looking to moving forward with some innovative ideas and the business marketplace is set-up for these ideas to thrive. One reason the marketplace is ready to...
Cities are growing in Texas, which makes it a prime location for entrepreneurs who are looking to start a business. Those who are looking to start a business are wise to review applicable regulations first, and many of these are state specific. With that in mind, this...
Entrepreneurs looking to start a business are wise to choose the right business structure. The right fit will vary depending on your business interests and goals, but the following questions can help you get on track to finding the right structure for your needs. #1:...
The COVID-19 pandemic shined a spotlight on issues that can lead to nonperformance. Businesses that thought they had solid contracts to protect their business interests found themselves dealing with sellers who failed to provide products, as promised in their...
Although new businesses fared well in 2020, the fourth quarter was not kind to new business enterprises. According to Reuters, business formation in the fourth quarter of 2020 was down 28.5%. Not surprisingly, the coronavirus pandemic was especially brutal for...
Having an idea for a business venture is an important part of getting on the road to entrepreneurship. However, it is also essential for budding entrepreneurs in Texas to have a concrete vision of what they want and expect from their endeavors. Without being able to...
An S-corporation, or S-corp, is different from other business formation structures. LLCs and partnerships, for example, are business entities, while an S-corp is an election taken by business owners for tax status. It is a tax election that can apply to different...
When thinking about making a career change, it is important to consider the pros and cons as well as the likelihood of success. Though many businesses have a difficult time continuing for a significant length of time, there are plenty of Texas companies that started...
The simple answer to this question is, "yes." Every limited liability company should have an operating agreement. Just because a Texas LLC only has one member and owner does not mean that this document does not serve any purpose. In fact, it is just as important as it...
Starting a business commonly means having to jump through various hoops before having a fully operational business. If individuals try to sell products or perform services without complying with the necessary state regulations, they could end up in serious trouble. As...
