Blog


Mar

26

2020

image for Important Breaking Information On How The Coronavirus Is Affecting The Workplace

Important Breaking Information On How The Coronavirus Is Affecting The Workplace

Posted by: Adair M. Buckner

This is a very uncertain time for employers in Texas. One of the key issues employers are facing is how to pay employees who cannot work because they have the coronavirus, have to self-quarantine, have been ordered to shelter in place, or have children at home because school and daycare have been suspended. Guidance on these issues is coming forth daily.

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Mar

12

2020

image for Starting A Business? Find Out Which Entity Type Is Best For You

Starting A Business? Find Out Which Entity Type Is Best For You

Posted by: Adair M. Buckner

If you are considering starting a small business, you're most likely trying to sort out the different types of businesses and trying to decide which type is best for you.

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Jan

30

2018

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What Is A Limited Partnership?

Posted by: Adair M. Buckner

A limited partnership is just another type of partnership. It is different from a general partnership because it has both general partners and limited partners. A limited partnership is also considered a distinct entity from its partners.

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Jan

30

2018

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What Is The Difference Between An LLP And An LLC?

Posted by: Adair M. Buckner

Although they have similar names, an LLP (limited liability partnership) and an LLC (limited liability company) are different types of business structures.

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Jan

25

2018

image for What Is A Subchapter-S Corporation (S-Corp) And Do I Need It?

What Is A Subchapter-S Corporation (S-Corp) And Do I Need It?

Posted by: Adair M. Buckner

Oftentimes, I have clients come to me asking for an S-Corp, not knowing what this really means. An S-Corp is not a different form of corporation, but rather a special tax treatment of one or more standard Texas corporations. The incorporation with the Texas Secretary of State actually has nothing to do with the S-Corp status.

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Jan

19

2018

image for Are Your Personal Assets Really Protected If You Incorporate?

Are Your Personal Assets Really Protected If You Incorporate?

Posted by: Adair M. Buckner

A primary reason for incorporation is to protect your personal assets from claims of creditors of the business. You want to be able to keep your personal assets if you cant pay the bills of the business, or have some other large liability claim against the business not covered by insurance.

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Jan

12

2018

image for What Is A Sole Proprietorship?

What Is A Sole Proprietorship?

Posted by: Adair M. Buckner

A sole proprietorship is a business operated by one individual (or a couple). The business is considered an extension of the individual (or couple), not a separate entity. The business profits and losses are included on the individual's personal tax return, and the individual retains personal liability for the business debts and lawsuits.

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Jan

4

2018

image for What Is A Corporation And What Are The Benefits?

What Is A Corporation And What Are The Benefits?

Posted by: Adair M. Buckner

A corporation is a separate legal entity from its owners. A corporation can be owned by one person or many people. The corporation is formed under the laws of the state in which it is operating, with Articles of Incorporation or Certificate of Formation.

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Jun

13

2016

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New Overtime Rules & the Non-Profit Sector

Posted by: Adair M. Buckner

Do you know how the new FLSA overtime pay rules affect non-profit organizations?

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Jul

25

2014

image for To Incorporate or Not to Incorporate - That is The Question

To Incorporate or Not to Incorporate - That is The Question

Posted by: Adair M. Buckner

Limiting potential personal liability of investors or owners is often the biggest consideration favoring incorporation or LLC formation. These two entities limit the exposure to liability of investors or owners for business debts or liabilities to the amount invested and protect other personal assets of the investors from those debts.

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