Business Formation

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...

It's virtually impossible to run a business single-handedly. As a Texas company grows, owners often need help from employees and outside parties to handle tasks that they cannot realistically handle on a day-to-day basis. Often, owners will enter into contracts with...

Many Texas residents have ideas that they believe would be great for a new business. However, circumstances can often prevent individuals from pursuing those ideas. Hopefully, when the time is right, prospective entrepreneurs will move forward with starting a...

Try as they might to make solid plans, many people face unexpected events that can throw those plans off track. For example, many Texas residents may have been thinking about starting a business and felt that their time was coming. However, an economic downturn can...

The desire to becoming an entrepreneur can hit at any age. Some young people may know that they want to start a business for a specific purpose, and others may come to this revelation later in life after spending years of building experience to help them reach their...

Great ideas are easy to recognize at play in the marketplace. But as an aspiring entrepreneur, it can be hard to settle on an idea that's truly workable. Your instinct may be to go with your gut for a business concept-your first "great" idea. However, it's important...

Taking on a new venture in life can be intimidating. Even if Texas residents believe they will be fulfilling a life-long dream, they can still feel hesitant to get started, especially if they are of an older age. Many people 50 and over may feel that it is too late to...