When you start your own business, you’re probably worried about simple things, like how to attract customers and turn a profit. As your business grows and develops, you might find yourself thinking about incorporating your business. Before you incorporate your business, however, you need to be well-informed about the details of the process. On top of that, you need...
Continue ReadingThinking about starting a business can be exciting. But there is no doubt that getting a business up and running also requires a lot of hard work. And while you may be tempted to do it all on your own, it never hurts to ask for help from a professional—in fact, doing so can ease much of the stress...
Continue ReadingAs a business owner, you’ve no doubt run into situations where you needed legal help. Due to the way most attorneys handle billing, it’s nearly impossible to figure out: Just how much does a business attorney cost? As a result, budgeting for legal help can be a challenge. Law firms rarely disclose their prices outright, and many operate on...
Continue ReadingOne of the first significant decisions made as a Texas small business owner is choosing the right type of entity for your business. LLCs or limited liability companies enjoy increasing popularity in Texas. LLCs in Texas offer the protections of corporations with the flexibility of a partnership. Also, LLCs are not subject to the in-depth filing requirements demanded of...
Continue ReadingRunning your own business can be rewarding work. For many, it’s a dream come true. But if you currently own a business, or even if you are in the early stages of starting your own business, you know just how much there is to do and how complicated it can be. Regardless of where you are in the business...
Continue ReadingThere are dozens of websites that offer legal document templates – including business partnership agreements – for low or no cost. The cost of a lawyer may tempt business owners to use these templates rather than hire legal counsel, especially when it comes to forming a simple business entity like a partnership. Unfortunately, however, using a legal DIY template...
Continue ReadingContracts exist to help businesses and individuals set expectations for their professional relationships. Texas employment contracts are no different and are an important part of any small business. When drafting an employment contract, Texas businesses must be careful. Not everything that a business owner may want to include is enforceable. Therefore, having a basic understanding of Texas employment contract...
Continue ReadingThe novel coronavirus pandemic is making life difficult for small business owners. Many of our clients are struggling to manage newly-remote employees who have been forced to work from home due to shelter-in-place orders, applying for emergency financing, weighing employee layoffs, and fighting to keep their doors open. For many businesses, monthly rent is the largest line item in...
Continue ReadingEDITOR’S NOTE: THIS IS A GUEST POST BY JOHN FINCHER, A CERTIFIED BUSINESS INTERMEDIARY IN AUSTIN, TEXAS. JOHN IS NOT AN ATTORNEY, BUT WE ASKED HIM TO SHARE SOME THOUGHTS WITH OUR READERS WHO MAY BE CONTEMPLATING SELLING A BUSINESS. CLICK HERE TO LEARN MORE ABOUT JOHN. 1. SELLING A BUSINESS IS A COMPLEX PROCESS AND CAN TAKE 9 MONTHS OR...
Continue ReadingForming a business entity provides business owners with many advantages: liability protection, tax flexibility, access to capital, and more. But there is at least one downside: occasional junk mail. If you’ve recently incorporated, an “Important Notice” may arrive in an official-looking envelope informing you that you must post various labor notices in your workplace or face fines. Conveniently, they include...
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