A great many business owners own their business as a sole proprietorship. After all, it is the default form of business ownership if a person does not take any further steps to create a business entity other than setting up shop. But this is a dangerous practice with many pitfalls… Continued
If you are a new, successful business owner, you have most likely considered whether you should trademark your business name. After all, you want people to think of your business when they hear your business name, not some competitor with an inferior product or service. Or worse, what if a… Continued
What do you, as a business owner, do when you want to close up shop? Unfortunately, you cannot simply stop the operations of your limited liability company (LLC) and walk away. Steps were taken to create the structure surrounding your business. Similarly, there are considerable requirements for dissolving an LLC… Continued
Many of us have “Tiles” attached to our keys and in our wallets so that we can locate our important possessions by using the Bluetooth on our phones. You may not realize, however, that Tile began as a side project. One day, the developers started a Kickstarter and raised $200,000… Continued
Most people associate the electoral college system with the United States presidential election. You might not be aware that most of those who hold stock in a company also participate in a system much like the electoral college each time they vote for a board of directors. If this is… Continued
If you co-own a business, you likely have heard of a buy-sell agreement. It is surprising, however, how many business owners either do not have this important document in place or misunderstand its purpose. The following are some frequently asked questions about buy-sell agreements. What does a buy-sell agreement address?… Continued
Some people think that forming a business partnership with one or more other people is always a complicated matter. However, many people already have partnerships and do not even realize it. Unlike corporations or limited liability companies, partnerships do not have to formally file paperwork with the state of Texas… Continued
Starting a business can prove extremely rewarding. If you’ve got your product or service ready to go, you’re probably ready to hit the ground running and start selling. While this may feel like a strong temptation, first make sure you cover all of your legal bases—including those related to intellectual… Continued
Texas law requires drivers to have minimum auto insurance coverage, and mortgage companies often require homeowners to purchase adequate homeowner’s insurance coverage. In addition, you may take out a life insurance policy to protect the interests of your family should something happen to you. While most of us would not… Continued
Zoning laws have an impact on where you will locate your business. They determine whether you will make an investment in a certain neighborhood or will go elsewhere. Zoning laws vary from one community to the next. They are designed to protect public health and safety by designating what activities… Continued