Veteran-Owned Businesses Formed in Texas Under Senate Bill 1049: a Census

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.

Entity Formation Series :: Part 3b - Why a C Corporation is (usually) the Best Entity Vehicle for those Businesses with a Market-Disrupting Business Model

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?

Entity Formation Series :: Part 3A - Why a Limited Liability Company is (usually) the Best Entity Vehicle for Most Business Models

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.

Entity Formation Series :: Part 2 - What Type of Entity Should You Form?

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.