Business Law

Property tax changes in Texas can impact S-Corporations in many ways. It's important to understand how these changes affect business operations and finances. Impact on operating costs When property taxes go up, S-Corporations have an increased tax burden, which can...

When planning to incorporate, the tax structure you choose can affect your company's financial and operational future. Both S corporations and C corporations offer limited liability protection, but differences in taxation and ownership can make an S corp the preferred...

When registering your business, deciding whether to choose LLC status or to be classified as an S Corp can have far-reaching implications for taxation and liability. If you ultimately choose an LLC structure, it’s important to know that you can elect to have your LLC...

When a business is set up as a C Corp, this refers to the IRS code. This business would be registered under subchapter C of that code, which is the default position for many businesses. It can grow at an unlimited rate, and it is an independent legal entity. However,...

A Texas company set up as an S-corporation typically passes income through to its shareholders, who claim the income on their personal tax returns. However, S-corporations can still be affected by taxes due to regulations that dictate how they must do business, and...

As you and your business partners launch a new company in Texas, you likely understand that you need a solid founders' agreement. This contract forms the nuts and bolts of your business structure, operational control and ownership percentages. To shield you and your...

A Texas corporation should have corporate bylaws to operate efficiently. This set of documents help to prevent disputes and provide guidance on the running of the business. Understanding corporate bylaws Bylaws are a set of rules, regulations and procedures that...

Owning a business in Texas or anywhere else is exciting and carries great responsibility. Although you want to protect your company and hold it to the highest standards, certain situations can result in a lawsuit. Below are the most common types of business lawsuits....

No matter what type of structure you want, an operating agreement is a reasonable consideration. Therefore, if you're starting your limited liability company in Texas, you should know about operating deals. Do you have to have an operating agreement? With an operating...

As a small business owner in Texas, you could have several responsibilities throughout the course of the week, especially if you don't have employees. While performing your tasks, it can sometimes be easy to make a few legal mistakes that could impact your business in...