Business Formation

Tips for starting a business in Texas

Starting a new Texas business can be very exciting work. Depending on the type of business a Texas resident is starting, there are many different rules and regulations for how to file your business. There are four main types of business formations based around the...

Tax advantages of an LLC

There are many tax benefits that come with an LLC in Texas, which includes not being required to pay corporate federal income taxes first. The earnings of the business are passed directly to the owners, who end up paying individual income tax rates. There's a lot of...

New business start-ups on the rise

According to a recent article in Forbes Magazine, the third quarter of 2020 saw the highest number of applicants for new business formations ever seen. While the U.S. economy lost over 23 million jobs from March to May, nearly 1.4 million new startups were founded...