Confused by Blockchain? An introduction to the subject, focusing on how the very words used to describe this technology are one of the sources of confusion.
A brief report on the number of veteran-owned businesses that have formed in Texas since Senate Bill 1049 went into effect on January 1, 2016. Senate Bill 1049 waives filing fees and state franchise taxes for up to five years for qualifying veteran-owned businesses.
If you are going to form an entity, the only two potential states that should generally be considered when deciding where to form are your home state and Delaware.
If you are looking to disrupt a market and aspire to launch the next Facebook or Uber, then you should likely form a C corporation. In a previous post, Entity Formation Series Part II – When Type of Entity Should You Form?, I told you that a C Corporation should be used if you have a market-disrupting business model. But, why is this the case?
There are many different entity vehicles to choose from under Texas law. Although there are other options, the more commonly-utilized entities include: (1) limited liability companies (LLCs); (2) for-profit corporations; (3) limited partnerships (LPs); (4) general partnerships; and, (5) sole proprietorships.
After you have made the decision that it is time for you to form an entity, the next two decisions that need to be made are: (1) what type of entity should be formed; and, (2) in what state should the entity be formed? While these are two distinct questions, neither one of them can truly be answered without considering the other. This is because of the fact that entities are creations of state law, and state laws governing entities are not all the same.