Need to Know: Accounting Software Every business owner will deal with basic accounting and accounting software at some point. Whether you are the type to do it all yourself or one who does the basics and hands it off to your accountant, accounting is essential to any business. Business accounting software keeps track of your … 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 Close Corporation? You may have heard the term, ‘closed company’ before, this often refers to a close corporation. A close corporation is a business structure for a corporation that is utilized by small companies where the shares are held by a select few individuals who are generally closely associated with the business. … Read more
Texas Small Business Tax Checklist Tax day is coming soon for small business owners, it is often intimidating for the busy owner to sort, account, and file the mountain of paperwork each year. Reidel Law Firm is the law firm for Texas small businesses, we are created from the ground up to support small businesses … Read more
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. … Read more
Wealth and Asset Protection for the Small Business Owner We recently covered the basics of asset protection here. This article is to introduce asset protection concepts to Texas small businesses owners. Wealth and asset protection for the small business owner seeks to retain all or a substantial portion of wealth while protecting the owner from creditors’ … 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
