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Business Planning, Estate Planning & Asset Protection

January 27, 2020

When Not All Your Kids Are In The Family Business

Owning your own business can be a great endeavor that takes a lot of passion and drive. Many small business owners focus on the day-to-day management and growth of the business, rather than thinking about a time when he or she may not be in the business. This is a far too common mistake.  Future […]

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Business Planning

January 20, 2020

How to Create a Founders’ Agreement that Doesn’t Come Back to Bite You

You want to found a startup and think you have found the perfect cofounders. But before you go any further, you want to be sure you are all on the same page and memorialize that vision in a legally binding founders’ agreement (also known as a cofounders’ agreement). You may be envisioning yourselves as Jobs […]

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Business Planning

January 16, 2020

Laying the Legal Groundwork for Your Texas Startup

When you are founding a startup here in San Antonio, you have hundreds if not thousands of balls in the air, and it’s easy to miss a few. Depending on your business, you need to complete the last touches on your product, tweak your marketing plan, hire staff, train salespeople and make sure hundreds of […]

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Business Planning

January 13, 2020

Keeping Your Business in Harmony: Which Type of LLC Is Right for You?

Taylor Swift or The Temptations? Whether you are in San Antonio, elsewhere in Texas or further afield, business has its risks. Forming an LLC (Limited Liability Company) enables you to keep your personal and business assets separate in order to reduce personal and business liabilities.  Generally in Texas, the liability of the members of an […]

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Business Planning, Estate Planning & Asset Protection

January 9, 2020

What Happens To Your Business If You Pass Away or Become Incapacitated?

Here’s why all Small Business Owners Should Have a Plan In Place Preparing your company for your incapacity or death is vital to the survival of the enterprise. Otherwise, your business will be disrupted, harming your customers, employees, vendors, and ultimately, your family. For this reason, proactive financial planning — including your business and your […]

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Business Planning

January 7, 2020

Answering All Your Questions on Corporations

We’ve been Business Planning for over 11 years at the firm and here’s a breakdown of all the Frequently Asked Questions we get regarding Corporations. What is a Corporation? A corporation is a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members. People form corporations to protect their personal […]

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Business Planning

January 3, 2020

Which Business Entity is Right For You?

When starting a new business, one of the first decisions to be made is deciding which legal structure your company should take. DBA Regular of “C-Corporation” S-Corporation Limited Liability Company DBA A DBA (also known as a “sole proprietorship”, “Doing Business As”, or a “Fictitious Name”) is a business that is not separate from its […]

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Business Planning

January 1, 2020

7 Steps to Starting a Business in Texas

Step 1: Business Structure Step 2: Pick a Name Step 3: Register  Step 4: Federal Employer Identification Number Step 5: Open Company Accounts Step 6: Business Licenses and Permits Step 7: Ongoing Requirements Step 1 : Business Structure There are 3 basic options: a DBA, a Corporation or an LLC. A DBA or “Doing Business As” […]

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Business Planning, Estate Planning & Asset Protection

December 17, 2019

Retirement Planning for Business Owners

For many employees, saving for retirement is usually a matter of simply participating in their employer’s 401(k) plan and perhaps opening an IRA for some extra savings. But, when you’re the owner of a business, planning for retirement requires proactivity and strategy. It’s not just the dizzying array of choices for retirement accounts, there’s also […]

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Business Planning

June 6, 2019

How is a corporate trustee different?

In its simplest terms, a trust is a legal arrangement in which a trustee holds and manages assets for the benefit of one or more beneficiaries. The trustee owns the assets, enters into contracts on behalf of the trust, manages the trust’s investments as its trustee, and follows the trust’s instructions on making distributions. A […]

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