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When starting a business in Texas, one of the first decisions you'll need to make is selecting the right business structure. Your choice will have legal, financial, and operational implications, so it's essential to make an informed decision. When deciding on a business structure, you will need to consider the end goals for your business and determine which entity will help you achieve those goals.
When you have a child with someone, it's natural to focus on the joys of parenthood. However, if you are an unmarried co-parent, you must consider the potential for legal disputes or custody battles and take proactive steps to establish your legal rights as a parent. To protect your parental rights and ensure that your child's best interests are always taken into account, it's essential to go through the process of legally obtaining a possession order.
As we go through life, we often find ourselves in positions where we have to make decisions on behalf of others, whether it be for family members, friends, or acquaintances. These decisions can range from simple tasks like paying bills to more complex ones like managing investments. When we take on such responsibilities, we may unintentionally become informal fiduciaries, and with that comes a set of legal duties that we must uphold.
"Death and taxes are the only two certainties in life," as the old saying goes. While we can't control when we'll pass away, we can plan for it to ensure our loved ones are taken care of and our assets are distributed according to our wishes. That's where estate planning comes in. But when should estate planning begin?
Are you searching for a way to safeguard your family's financial future and shield your assets for generations to come? If the answer is yes, selecting the right estate planning tool that aligns with your unique needs and goals is essential. Among the various options available for estate planning, a limited partnership can provide an effective means of distributing wealth to beneficiaries while offering asset protection and tax benefits. In this blog post, we'll take a closer look at what a limited partnership is and how it can be a useful tool for estate planning.
Divorce is a difficult and often emotional process that can be compounded by financial stress. In Texas, one of the ways that the law attempts to alleviate some of that stress is through spousal support, also known as alimony. Spousal support is a court-ordered payment made by one spouse to the other to help with living expenses after a divorce. However, not every divorce will result in spousal support being awarded. In this blog post, we will discuss the conditions under which you may be entitled to spousal support in Texas.
Is your business operating in the state of Texas? If so, you may be required to file an annual Texas Franchise Report and pay the Texas Franchise Tax. This tax is based on your business’s net income, and the Texas Franchise Report is the document you use to report this information.
The “statute of limitations” refers to the time frame within which an individual may file a lawsuit after an alleged harm has occurred. In Texas, the statute of limitations for civil lawsuits varies depending on the type of case. Understanding the statute of limitations is important because once the deadline has passed, the right to sue or take legal action is usually lost, even if the harm was significant.
Have you looked at your wills lately? When was the last time they were updated? Do they currently meet your estate needs? When it comes to estate planning, it’s important to regularly review and update your wills to ensure that they accurately reflect your current wishes and needs.
As Texans, we’ve lived through COVID-19, we’ve lived through freezes, and now we’re battling inflation and higher costs of goods. With the changing state of the world, how was the year-end for your businesses? How did it compare to previous years? If your year-end suffered, it may be time to evaluate whether your current business structure is allowing your business to achieve its goals.
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AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
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