Deciding on the right legal structure for a small business is a consequential decision-making process that can significantly impact its financial health, liability and daily operations. As such, it should be approached with care. While many small businesses opt for...
What should you know about an LLC?
Limited liability companies (LLCs) have become popular for businesses in Texas because they offer flexibility and protection to their owners, known as members. This structure is particularly appealing for small to medium-sized enterprises looking to balance business...
Choosing the right entity type for your new business
Starting a new business is an exciting journey, albeit an involved one. One of the first critical decisions you'll face involves choosing the right entity type for your new enterprise. Your choice will result in significant implications for taxation, personal...
Can you start a business with a similar name to another company?
If you’re looking to start a business, you want to make sure that you do things the right way. You don’t want to accidentally violate anyone else’s rights or do something illegal that is going to compromise the launch of your company. As such, you might be concerned...
3 elements to include in your partnership agreement
The decision to get into a business partnership with another person is a huge one. Maybe the prospective partner is a family member, a childhood friend or an investor. Whatever your relationship with a potential partner, one of the most important things you need to...
Start-ups should not rush to launch
Timing can be everything in the success of a new business. Many assume this means beating everyone to market, particularly in fast-paced environments like technology. However, the rush to meet a deadline can spell business problems or legal trouble further along the...
Is it time to end a partnership?
Business partnerships are a lot like a marriage. Ideally, the partners work together for years, perhaps many years, aiming toward a common goal. As the business grows, the partnership proves to be prosperous, and each partner contributes equally to that success. Also...
Some issues to consider when courting venture capital financing
Those who plan to launch or grow a business may need to secure funds. Fortunately, there are many options, from obtaining a loan to crowdfunding. Some business owners turn to venture capital financing, but there are some key issues to consider if the owner decides to...
Starting a business takes effective planning
Anyone who started their own successful business will talk about its difficulty. There are millions of details to handle, capital to raise, and countless hours of work keeping it all moving in the right direction. While many dream of opening their own shop, creating...
Buy-sell agreements often used for partnership changes
Even the steadiest of businesses go through partnership changes during normal times, often due to death, retirement, divorce, bankruptcy, or leaving to pursue other interests. But these are not normal times, which means that partnerships are shifting at a much higher...