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...
The divorce process can cause lots of changes for formerly married adults in Texas. These changes can involve last names, financial accounts and living situations. The divorce process can also modify how you prepare and file your taxes. Your filing status Before...
Texas adults can be claimed as dependents on their parents' federal taxes at any age if they meet specific criteria. They may also be claimed on another person's taxes but can only be claimed once. Adults claimed on parents’ taxes An adult can be claimed on their...
One of the most essential elements of an estate plan for Texas residents is creating a power of attorney for financial matters. This document is necessary if someone becomes incapacitated and cannot make their own decisions. The person you select as your...
A tax deed is a legal document granting property ownership to a Texas county if the owner fails to pay the property taxes. For the document to be issued, the county places a tax lien on properties with unpaid taxes on January 1st of each year. Then, the county can...
Bidding for a construction contract in Texas can be a complex process. A bidder can expedite it by guaranteeing that they will complete the project in a timely and cost-efficient manner. Most project owners will require that bids take the form of a construction bond....
The federal government says that people in Texas and other places in the United States can have up to 10 mortgages. Furthermore, some types of property do not count against that total, including commercial real estate, apartment complexes with more than four units,...
Trading property of a similar kind for business purposes between people is common among Texans. The advantage of making a like-kind trade is that you do not have to pay capital gains taxes. However, there are a few things to consider. The properties do not have to be...
A beneficiary designation gives you the power to transfer your assets straight to your intended inheritor. All you have to do in this process is complete a form and file it with the financial company that holds the asset. In this form, you also designate the person to...
Municipalities in Texas use zoning regulations to improve communities by separating residential and commercial areas, but the way the rules are applied often draws criticism. Local authorities can make changes to zoning regulations to encourage economic development or...
