If you’re starting a business, filing your Articles of Organization isn’t just a formality—it’s your business’s official birth certificate. This document legally establishes your Limited Liability Company (LLC), unlocking personal liability protection, tax flexibility, and professional credibility. Without it, your business isn’t recognized by the state, meaning you’re exposing yourself to legal risk and missing out on vital protections. Whether

While an LLC or corporation provides liability protection, it doesn’t make business owners immune to all risks. There are several situations where personal liability still applies: Personal Guarantees – If you personally guarantee a loan or contract, you remain liable even if your business defaults. Taxes & Payroll Liabilities – The IRS and state tax authorities can hold business owners

Forming a corporation or LLC isn’t just about structure—it’s your financial shield. The “corporate veil” acts as a legal barrier, keeping your personal assets safe from business debts and lawsuits. This legal separation ensures that business debts and liabilities remain with the company, shielding the owners. However, if a court determines that a business is not being properly maintained as

Risk is just part of the game. Whether you’re signing contracts, selling products, or dealing with customers, liability is always lurking in the background. But not all liability is the same. Understanding the difference between contract liability and tort liability is crucial for protecting your business and ensuring you’re prepared for basically anything. Contract Liability: A Deal is a Deal

Hey, Texas Entrepreneur! You’ve got the big idea. You’ve built the product. You’ve written the first draft. Now, it’s time to make sure you and your entity are protected.   To file an LLC in the state of Texas, you will need to follow these 8 general steps:   Choose a Business Name Select a unique name for your LLC

You’ve got the big idea, but do you need an LLC? Here’s a quick glance at the pros and cons of registering your entity as an LLC in the US.   The specific requirements and fees for forming a Limited Liability Company (LLC) vary by state, but generally, you will need to file articles of organization with the Secretary of

So, you’ve got a great idea for a start-up? Here’s why shareholder agreements can be pivotal to your success.   What is a Shareholders’ Agreement? A shareholders’ agreement, also referred to as a stockholders’ agreement, is a private legal document outlining how the company should be operated as well as the rights and responsibilities of the shareholders.   Shareholder’s agreements

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. You may have heard about the new legislation that requires all business owners to file their unique Beneficial Owner information with the U.S. Government. Are you prepared to file?   Beneficial Owners A beneficial owner

As a seasoned business owner, shareholder agreements are incredibly important in protecting your businesses and your shareholders. Here’s why they should be essential to your business structure.   Shareholder Agreements A shareholder agreement is a legal contract between the shareholders of a company that outlines their rights and responsibilities, as well as the rules for the management and operation of

DBA? LLC? Corporation? Partnership? You’re ready to start a new business, but you’re not sure what type of entity makes the most sense for you. We’ve assembled a quick pro-con comparison of all the options to help you choose the best entity type for you.   Here’s a pro/con comparison of keeping your business registered as a DBA (Doing Business