When a single individual chooses to take on a position as an independent contractor but doesn’t formally register their business activity with the state, they create a “sole proprietorship” by default. They simply have to report their business earnings and losses on...
Texas Tough – Dedicated To
Outstanding Personal Service
Business Law
Do small businesses really need a succession plan?
Owning a small business is a lot of work and a huge commitment. Those who decide to take on this role often work harder than large corporations. Due to the time and effort put into making a small business successful, most owners want to ensure their business can be...
How can you protect your intellectual property?
It is very important to your company that you protect your intellectual property (IP). The first way to do this is to get the appropriate copyrights and register the trademarks that you have. When you register these marks with the government, it helps you prove...
Will you have to pay business debts yourself if it goes under?
When a business goes under and can’t pay off its debts, the creditors will often come looking for assets. This could include things like real estate, equipment or even inventory. Essentially, the creditors are just trying to find all the assets the business owns so...
Could an LLC be the right structure for your new company?
Starting your own business is a bold decision but it can also be very rewarding. From the outset, you’re going to have to make some important calls, and choosing the appropriate business structure is one of these. One of your options is to form a Limited Liability...
3 important considerations when you want to sell your business
The decision to list your business for sale may have been a long time coming. It may be your plan for funding retirement because you invested your savings in the company. Selling your business may have been the ultimate goal when you created the company in the first...
Do you need to offer your employees contracts?
You're about to launch your small business, and you're hiring your employees for the day of the opening. It's a comprehensive process, and you certainly want to make sure you have the best possible employees on the job so that your new business makes a good...
Is a team member jeopardizing your startup?
You’ve just launched your new business, so you’re learning as you move along. Your product is great, you have a solid customer base and the prospective numbers are looking good. Unfortunately, there’s one thing that seems to be getting in the way. One of your...
Do your children want the family business?
As a business owner, it has always been your hope that you could pass the business on to one of your children. You view it as an asset for them, but you also view it as a sort of legacy. You've created this business for them and you want them to benefit from it....
The right business partner needs to be a bit different than you
It may feel comfortable to work with someone who is very similar to you. When you're looking for a business partner, you might seek someone out that has similar skills and a similar vision for the company. On one hand, it is important that you get along with this...