Every business should have a proper legal structure and set of bylaws or an operating agreement upon which it will operate. While some businesses are more suitable for a partnership or corporation, for the last few decades, Limited Liability Companies or LLCs have become one of the most popular structures. …
Starting a New Business in Texas?
Before you start a new business in Texas, there are several things to consider, including meeting with a CPA and attorney. First, determine your business structure. As we discussed in our last newsletter, the most common forms of business entities in Texas are: Sole Proprietorship, General Partnership, Limited Partnership, Limited…
ABCs of Texas Business Entities
Texas has many options for those seeking to start a business here. Some things you may want to consider when forming your business are the levels of liability protection and the tax implications of the type of entity you choose. Some of the most common types of business entities in…