What is an EIN and ITIN (and Why Do I Need It)? When starting a new business, you will come across certain actions which require an EIN, or an employer identification number. These are often required by government agencies, banks, payment processors, business licensing, and other typical business necessities. The EIN is issued by the … Read more
What To Do After You Form Your Business Entity? After forming your LLC or incorporating, many owners forget there are still steps to take to ensure that your business operates efficiently and legally. There are some important distinctions between merely forming an entity and operating that entity. Here is a short checklist for what to … Read more
Doing Business in Texas: Business Liability Perhaps the top consideration for any business owner is the type of liability they may face for operating a business. There are contractual liabilities and tort liabilities. Contractual liabilities are those that arise out of a contract. Tort liability occurs as when a wrong is committed against another, it … Read more
How to Acquire a Company Acquiring a company is a major decision and can be a market multiplier for expanding your business. Acquisitions can be a smart and fast way to build your business and expand into different products, services, or geographic areas. Businesses need to take caution when merging or acquiring another company. The … Read more
What is a Series LLC? The series LLC is the newest form for business entities in Texas, being created by the Texas legislature in 2009. The Texas Business Organizations Code authorizes a series LLC to have an unlimited number of segregated ‘cells’ of membership interests, assets, and operations independent of the parent LLC and other … 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
