Thinking of how to get a business started? The first process of starting your small business is selecting the right small business idea. This is a crucial aspect of entrepreneurship to achieve business success. When selecting your idea, you should think about what you like, what you are good at, and what the small business […]
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As a business owner in Texas, one of the most difficult decisions you will face is the choice of the business structure. Setting up an LLC (limited liability company) is an effective option for many businesses as it provides legal and financial benefits. Let’s learn about the top 5 advantages of establishing an LLC for
The Top 5 Reasons to Form an LLC for Your Business Read More »
Proper preparation and consideration of detail are essential when establishing an LLC. Small mistakes could potentially cause delays in processing or even denial of the application. Gaining insight into common errors facilitates a trouble-free submission process. For both new ventures establishing an LLC structure as well as existing companies formalizing as such, diligent planning and
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Limited liability company (LLC) establishment can be a wonderful way to protect your assets. Follow this comprehensive guideline to set up your LLC. 1. Choose a Business Name The first step is picking your LLC name. You’ll need to choose a name that is going to be unique for the state that you will be
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Running a successful business often involves expanding into new markets. Before setting up your business in Texas, you must ensure you are in compliance with state laws. The following is a guide on how you can register a business in Texas including the fees and benefits. What is Foreign Qualification? Any business entity that is
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A lot of people are finding it a major challenge to understand the franchise tax in Texas, especially new business owners. The good news is that all they need is patience and the right guidance, and they can scale through the process without any issues. This blog post delves into all the important information and
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Congratulations on starting your company, there is so much to do!!!!! As you start bringing on your co-founders, first employees, and contractors it’s important that you have incentives for them to build the business and increase the company’s valuation. The process to issue stock or ownership to these people depends on what type of corporate
How do I give stock to my start-up employees? Read More »
It seems so simple, right, it’s always April 15th. Well, it’s not exactly always April 15th. If you are filing your individual, personal tax return, your due date this year is Tuesday, April 18th. You can file for an extension until October 16, 2023 by completing an extension form, a link to a form approved
Not sure about your Tax Filing Date? Read More »
Why outsource your accounting and finance, I mean you know the most about what is happening in the business? It used to be there were two choices for your early stage or young company; you could hire a bookkeeper, or you could pay a CPA by the hour to do your taxes. If you hired
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If you are an investor in a company or an executive in your organization, you may wonder whether you should be receiving a K-1 for your personal tax reporting. Or maybe your accountant is asking you whether you have any K-1s, and if you’re like so many others, you have no idea. Let’s start by
Should I be receiving a K-1 for my taxes? Read More »
