What is an EIN and ITIN (and Why Do I Need It)?
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 […]
4 Steps You Can Take Right Now to Protect Your Business
4 Steps You Can Take Right Now to Protect Your Business We get lots of questions on some simple steps to help protect a client’s business. Taking a few simple steps to shore up your protections can go a long way in reducing your business risks. Here are the most common steps I’ve recommended recently […]
What is the Difference Between a Registered Agent Address and a Business Address?
What is the Difference Between a Registered Agent Address and a Business Address? Many times when I assist companies that have used a cheap LLC or corporation formation website or chose to form the business themselves, I find the common mistake of not understanding the importance of the registered agent address and the business mailing […]
What To Do After You Form Your Business Entity?
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 […]
Doing Business in Texas: Business Liability
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 […]
How to Acquire a Company
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 […]
What is a Series LLC?
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 […]
How to Sign a Contract as an LLC
How to Sign a Contract as an LLC One of the primary reasons to form a Limited Liability Company (LLC) is to protect your personal assets from the business creditors. A member of an LLC is only liable for the investment amount into the business, his personal assets are generally not reachable by business creditors. […]