Small Business Contracts: Key Elements and Avoiding Common Pitfalls
In small businesses, contracts serve as essential tools for establishing clear agreements and safeguarding interests. These documents detail responsibilities and terms and play an important role in the smooth operation of business activities and the fostering of successful partnerships. However, small business owners need to be aware of the key elements of...
Corporate Transparency Act
The Corporate Transparency Act (CTA) marks a significant shift in how small businesses manage their reporting and transparency obligations. Navigating this new terrain can be challenging, yet it's essential for maintaining compliance and avoiding legal pitfalls. This guide aims to demystify the CTA, breaking down its key aspects and what they mean...
Starting a Small Business: Legal Steps and Considerations
Starting a small business is both an exciting and challenging endeavor. In Texas, there are several crucial legal steps to ensure your venture is set up correctly. From choosing the appropriate business structure to understanding employment laws, it's vital to be informed. Addressing these legal aspects upfront can ensure a smoother entrepreneurial...
Common Issues in Joint Ventures
How Does the Tax Cuts and Jobs Act Affect My Choice of Entity?
What Does the Tax Cuts and Jobs Act Mean for Small Business Losses?
Everyone is scrambling to figure out how the Tax Cuts and Jobs Act (TCJA) will affect the amount of taxes they have to pay. The sweeping changes impact not only personal income tax, but also businesses. In addition to getting rid of the corporate alternative minimum tax (AMT), lowering the corporate income tax...
Important Considerations In Business Succession Planning
How do I form an S Corporation?
If you are thinking about starting your own business, you know that there are a lot of decisions to make. The first of which is what type of business structure you should have. Many small businesses consider becoming Subchapter S Corporations and for good reasons. This type of corporate structure can separate your...