Business partnerships can be like marriages. You start with the best of intentions, but sometimes things don’t work out, and a “business divorce” becomes necessary. Whether it’s a married couple that started a business during their marriage or a business partnership that’s breaking up, the process can be complicated and contentious. In this blog, we’ll… Read more »
If you own a small business, you know that someday, the ownership will transfer to another person or group of people. You will want to retire someday and the business will likely outlast your lifespan. A transfer could be to a family member, a sale to a key employee, or a sale to an outside… Read more »
If you and your spouse own a family business, your divorce will have an impact on that business. Texas is a community property state. Therefore, if it is a business you own together, it will have to be divided in a way that both you and your spouse will receive half of it. What are… Read more »
If you are starting a new business, there are different business formations for you to consider. You want to protect your personal assets from being liable for business debts, and to structure your business in a way that brings you as many tax advantages as possible. The type of structures are very different and you… Read more »
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