small business

Plan Ahead to Keep your Small Business in the Family

Plan Ahead to Keep your Small Business in the Family

According to a recent study, only 20% of small businesses remain in the family after death of the owner. Many small businesses are sold off after the owner’s death, with assets divided and distributed to beneficiaries named in the business owner’s Will. With some planning ahead, you can ensure that…

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…