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...
Business Formation
Some ways to organize your new business franchise
In Texas and throughout the country, many people are experiencing the joys of business ownership through franchises. Before you become a franchise owner, it's a good idea to think about how to organize your new business venture. With that in mind, here's a closer look...
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...
5 tips for preventing partnership disputes
You went into business with your partner because you had a shared vision for your company, and both had something to contribute to make that vision a reality. Even the best partnerships hit bumps in the road, though. In order to keep your business running smoothly,...
Benefits and drawbacks of forming an LLC
When forming your small business, there are a few paths you may take. Among them is the Limited Liability Company (LLC) structure. This is a common choice for entrepreneurs and business owners who either bear sole decision making or do so with one or two partners....
