As a new business owner, there may be many things that you want to do. You plan for your success, and you work hard to make it happen. Once you take the first step toward establishing your business, there are some additional steps to take. For example, you should...
Year: 2020
How might equitable securities help your Texas business secure government contracts?
If you're planning to try and land a government contract for your business, then you're likely to hear about equitable securities at some point. It's a share of common stock that gives you an ownership stake in a corporation, such as a company that you're investing...
The Federal Government Uses Sealed Bidding to Award Contracts
Many Texas businesses make quite a profit in completing government contracts. These large and lucrative opportunities draw a lot of competition on a local and national stage. Securing one of these contracts offers opportunity, profit and name recognition to the...
Critical tips when starting your own business
Have you always loved the idea of being your own boss? Rather than working for someone else, have you always wanted to start your own business? You’re not alone. There is a freedom in being a business owner that you cannot find anywhere else. It gives you the chance...
Yes, your single-member LLC still needs an operating agreement
Bravo! You took the step of turning your sole proprietorship into a limited liability corporation (LLC) because you understand the potential benefits. But since you’re only one person, an operating agreement seems like overkill, right? It’s not. Your operating...
Picking the right business partner
How do you pick the right partner for your new business? A good business partnership can help you turn your dreams into a reality much more easily. A bad one, however, can end in heartbreak and litigation. If you’re struggling to decide if someone is the right person...
Why you want to lock in business purchases with a contract
Whether your business is a restaurant that offers a special sauce on your namesake sandwich or a factory that needs certain chemical reagents to make a product, you depend on your suppliers to provide you with materials at a predictable price and when you need them....
Should I set up a limited liability company?
One of the most significant decisions to make when starting a new business is how to register it. It may seem like an unimportant decision when you are young and starting your first business. Yet, with time, you will come to realize the importance of the choice you...
How outside counsel can help position your business for success
Business ownership is not for the unambitious or for those with a short attention span. Attention to detail is crucial, and you must be prepared to respond to any number of issues at any given time. You are likely to find that one of the biggest things you need to pay...