What is the Difference Between a C Corporation and an S Corporation?
What is the Difference Between a C Corp and an S Corp? Small business owners often have the option to designate their corporation as an S Corporation or a C Corporation. Each option has many similarities but key differences in federal tax treatment that may provide advantages to your business goals. A C Corporation, also […]
Texas Small Business Tax Checklist
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 […]
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. […]
What is a Franchise?
What is a Franchise? A franchise is a business model that involves one business owner licenses a business model and/or trademarks to an independent owner. There are two forms of franchising, trademark franchising and business model franchising. Trademark franchising is where the franchisor owns the trademark or naming rights and sells some of those rights […]
Wealth and Asset Protection for the Small Business Owner
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’ […]
Need to Know: Pricing
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 […]
What is a Corporation?
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 […]
Need to Know: The Marketing Plan
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 […]