If you have a corporation or other business entity (Corporation, LLC, LLP and so on), you shouldn't just "file it and forget it"! Once you have established a business entity, there are certain requirements for keeping it "in good standing" here in the Lone Star State. (Other states, too, so if you are following us from out of state, be certain to check on the requirements in your individual … [Read more...] about Your Corporation- Don’t Just File it and Forget it!
Forming an entity can have many benefits for a small business owner. Separating and Protecting personal assets is the one most commonly mentioned. However there are other benefits as well. Having a business entity can make it easier to take in other owners. It can also be beneficial to separate different aspects of a service or product provided by the business into separate companies. This can … [Read more...] about Is it Time to Form a Business Entity for your Small Business?
In several years of practicing law, our firm has seen a lot of people in distress. Some problems are simply unavoidable. However, practicing a few basic principles can make you much less likely to get into legal trouble. Know your rights- If you know your legal rights in a situation you are less likely to give in when you shouldn’t, creating a hassle for later. You are also less likely … [Read more...] about Five Life Principles to Help you Stay out of Trouble