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Partnerships

2 Types of Liability That Every Business Owner Should Know

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
Partnerships

Filing a Partnership in the State of Texas

You and your team have a great idea for a new Texas-based business, and you’re ready to take it to market. Use this quick guide to make sure you’ve covered all your bases to form a partnership.   To file a partnership in the state of Texas, you will need to follow these general steps:   Choose a Business Name
Partnerships

Understanding Shareholder Agreements

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
Partnerships

Registering a Partnership

You have a small business and know that you need to make it “official” – Is a partnership the right for you?   Registering a new partnership with the US government involves filing the necessary paperwork with the state in which you want to form your partnership. Bear in mind that the specific requirements and fees for forming a partnership
Partnerships

Multiple Businesses Shareholder Agreements

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
Partnerships

Registering Your Business as a DBA VS. LLC, Partnership, or Corporation

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
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