Schuyler 'Rocky' Reidel 
Need to Know: Pricing One of the most important aspects of a successful business is pricing your products or services properly. Correctly pricing your products is part science and part art. There are a variety of methods and strategies to successful pricing. The keys to pricing your product include: targeting your demographic properly, researching the … Read more
What is a Corporation? A corporation is a business structure that is distinct from it’s shareholders. Corporations are more complex than other business structures and can have more costly administrative fees and complex tax and legal requirements. A corporation is owned by shareholders, there is no limit to the number of shareholders but at least … Read more
Need to Know: The Marketing Plan The second in our Need to Know Series, a marketing plan is essential for any Texas small business today. Every business needs a marketing plan. Gone are the days when old fashioned dedication and hard work would put a good product or service in the black. Today’s globalized economy … Read more
Wealth and Asset Protection: The Basics Wealth and asset protection is the process of protecting the wealth you have built. There are many ways to protect your assets, asset protection can range from protecting your personal wealth from business creditors to preserving generational wealth for your family. Wealth and asset protection begins with determining which … Read more
What is an LLC? A limited liability company (LLC) is a hybrid business organization that blends the limited liability advantages of a corporation with the tax and management benefits of a partnership or sole proprietorship. An LLC can be owned by an unlimited amount of owners, called members. These members can be any entity including … Read more
What is the Corporate Tax Rate in Texas? Texas is one of the few states that does not levy a corporate income tax. Instead the state places a 1% franchise tax on most entities with gross receipts over $1 million. This franchise tax is “a tax on the privilege of doing business in Texas.” Some … Read more
Should I Form My Startup in Texas or Delaware? New startups always face the decision of where to incorporate. Often they have heard that Delaware is the ‘best’ place to incorporate for tax or corporate governance reasons. Business owners are not aware of the added duties and responsibilities for business entities operating outside of your … Read more
Need to Know: Demographics This is the first in a series aimed at Texas small businesses titled Need to Know. This series will explore important topics every small business owner should be an expert. Our first topic is crucial to the success of every small business: demographics. Demographics are often only given a passing thought … Read more
Business Contracts: The Basics Every small business will encounter some, if not many, contracts or agreements during their existence. Small business owners should enter into contracts and agreements with care. It is easy for a busy owner to casually enter into agreements, too often these owners learn the hard way. Every business contract should protect … Read more
