When determining the best structure for your business, it’s essential to evaluate how your decision will shape factors like taxation, liability and growth opportunities. Whether you’re launching a new venture or reassessing your current setup, understanding the...
It is possible to write a power of attorney that takes effect right away. Someone may want to sign over their rights and authorize an agent to make decisions on their behalf. A power of attorney often covers healthcare decisions, but can also be used for legal or...
When someone passes away, and their estate needs to be distributed among their beneficiaries, instructions for this process are often detailed in their will. The deceased may have named an estate executor to oversee the process. It is the executor’s responsibility to...
Whether you are looking to appoint someone to make decisions on your behalf or planning for your aging loved one’s future, a power of attorney (POA) can help provide flexibility and security in managing one's personal and financial affairs. You can create a power of...
Tariffs on imported goods have been a hot topic in recent years. With proposed tariff increases, businesses, including S-corporations, are examining how these changes could affect their bottom line. Understanding the impact of tariffs on S-corporations' tax...
A power of attorney (POA) is an essential document for Texans, offering crucial protections and peace of mind. Without one, unexpected events could create significant obstacles, putting families and individuals at risk. Unexpected situations and limited control Life...
A C-corporation (C-corp) is a legal business entity that provides its owners – commonly known as shareholders – with limited liability protection. This entity type is separately from its owners. A corporation itself is taxed on its profits, and shareholders are taxed...
You likely understand the importance of naming a power of attorney (POA) in your estate plan. Without one, Texas courts will name someone to decide on your behalf. In addition to naming a POA, you must also understand the different types. Short versus long-term...
A springing power of attorney is a legal document that grants someone the authority to act on your behalf, but only under specific conditions, such as your incapacitation. In Texas, this type of power of attorney is particularly advantageous for those who want to...
Pass-through taxation is a major benefit for Texas S-corporations. This tax structure allows business income to "pass through" directly to the shareholders, avoiding the double taxation that C-corporations typically face. In Texas, this system helps small businesses...
