Selling a franchise involves more than listing it for sale and signing papers. Both sellers and buyers must meet the requirements set by the franchisor and comply with applicable legal standards. The process requires careful planning and attention to detail from both...
Incorporating your business offers a wide range of advantages, from legal protection to tax benefits. If you’re looking to establish a stronger foundation for your business, incorporation could be the right move. Here’s why you should consider making the change....
Buying or selling a small business involves a complex process that requires careful planning and attention to detail. Each step plays a critical role in ensuring a successful transaction. Buyers and sellers benefit from understanding the process to achieve their...
Demographic changes are reshaping the small business landscape. Generational shifts and evolving customer expectations affect who owns businesses and what customers want. Small business owners need to understand these trends to adapt and thrive. Baby boomers retiring...
Data breaches pose a significant threat to small businesses. Proper preparation and a swift response can mitigate damage and protect sensitive information. Small businesses should take several steps to prepare for and respond to data breaches. Implement strong...
Selling your business is a significant decision that requires careful planning and preparation. When you decide the time is right to sell, you need to prepare for the process carefully. There are several factors to consider before you list your business for sale. 1....
Entrepreneurs in Texas often choose to establish limited liability companies instead of corporations. C and S corporations have traditionally been the preferred structure for new businesses because they provide liability protection, but setting up a corporation is a...
When considering a business acquisition in Texas, taking a strategic, thorough approach to minimize risk and achieve a successful transaction is essential. By taking the steps discussed below, you can increase the likelihood of purchasing a sound business that aligns...
Structuring your Texas business as a limited liability company (LLC) may protect you from claims made against it. As a general rule, only the organization's assets would be at risk if someone obtains a judgment against your firm. However, if you do opt for the LLC...
Every new entrepreneur in Texas will need to decide what type of business format they want to use in their operation. While businesses that are owned and operated by one individual are typically set up as a sole proprietorship, many entrepreneurs will want to...