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If you are thinking of establishing or managing a business in Texas, understanding the tax implications of your business structure is crucial. The structure you settle on can significantly impact your tax obligations, personal liability and overall financial planning....
Once you have a business idea, a business plan, and a sense of your target audience, you may feel that you’re ready to open your new business. But there is still the problem of financing. Opening a business can be expensive, and you can’t make your budget for the year...
The landscape of urban development is shifting towards a more integrated and community-centric approach. Planned unit developments (PUDs) are at the forefront of this movement, offering a unique blend of residential and commercial spaces within a single,...
Business partners need to make sure that they’re on the same page. Miscommunication can lead to a lot of disputes. Additionally, business partners need to protect their rights and their investment in that company. But how do they do this? They can use a partnership...
Starting a new business, especially a small one, can sometimes lead to opportunities to mix up your money. For example, you need to put gas in your company vehicle but forgot your company credit card, so pay for it with your personal one instead. Or when you get home,...
The time you start a business could be one of the busiest of your whole life. There is so much involved in getting a new business off the ground, and you may also have family commitments to attend to and a job elsewhere to support yourself in the meantime. It is easy...
One of the critical decisions you'll need to make when you start a business is the legal structure of your business. While many small businesses begin as sole proprietorships, there's a compelling case for transitioning to a limited liability company structure. The...
Establishing a business partnership is a serious commitment, possibly lasting years or decades into the future. You may quickly learn about a potential partner by reading their résumés and other documents. Other times, these details are not enough, making you feel...
A business cannot be successful without the work and dedication of key individuals in the organization. Succession planning allows you to prepare for the unexpected loss of such individuals. The successor should be someone with the experience and skill necessary to...
Expanding a business could mean many things. You could add more products or services, partner with another company or franchise your business. Whatever your expansion plan is, it is essential to initially establish whether it is the right move for your business. Here...