Memorial Day 2021: Remember & Honor
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Are Oral Business Contracts Enforceable in Texas?
When Must a Commercial Agreement Be in Writing? In business, many ventures and transactions are initially sealed verbally or with a handshake. Are there commercial agreements that must be in writing? For centuries, oral agreements have been valid ...
Setting Up an S Corporation
Necessary Steps to Protect Your Enterprise An S corporation can provide a number of benefits to a startup business: You can limit liability to the amount of your investment. You can avoid taxation at the corporate level. Ownership can typically ...
Shareholder Agreements—An Introduction
The Purpose of a Shareholder Agreement | The Important Provisionsof a Shareholder Agreement When you're setting up a new business enterprise, it can be easy, in the excitement of the moment, to assume that you'll always get along with everyone else, ...
Biden Stimulus Plan Includes $15 Billion for Small Businesses
Assistance Would Be Available as Grants Instead of Loans The $1.9 trillion stimulus plan proposed by President Biden would include substantial assistance for small businesses that have been hit particularly hard by the coronavirus pandemic. In ...
New Stimulus Package Provides Benefits to Small Business Owners
Congress Renews Paycheck Protection Program with Some Changes On December 27, 2020, a second federal stimulus package was signed into law, with some specific measures to help beleaguered small businesses weather the economic challenges brought about ...
Small Business Owners Support Second Stimulus Package
Survey Shows Overwhelming Support for New Round of Economic Assistance According to a national survey of small business owners conducted shortly after the presidential election, about one in five small businesses across the country have been forced ...
Choosing Between a Corporate Structure and a Limited Liability Company
The Advantages and Disadvantages of the Different Legal Entities When you're planning to launch a new business enterprise, one of the first and most important decisions you must make is the type of legal structure to select. If you want to protect ...
Choosing S Corporation Status for Your Limited Liability Company
Combine the Benefits of an LLC with Those of an S Corporation If you're contemplating setting up a new business entity, you may think that you have to choose between establishing a limited liability company and receiving the tax benefits of an S ...
Forgiveness Made Easier for Paycheck Protection Program(PPP) Loans
Law Extending Application Period Also Makes Forgiveness Simpler On July 4, 2020, the federal government extended the application period for Paycheck Protection Plan loans to August 8, 2020, as $130 billion of the allocated funds remained available. ...
