The Trust Fund Recovery Penalty is an important penalty that all business owners should be aware of. What is the trust fund recovery penalty? It’s a 100% penalty that is imposed upon responsible persons who are responsible within the organization to collect and pay IRS taxes. Who is responsible for collecting and paying IRS taxes… Read More »

Protecting your intellectual property is critical to success in your business. Entrepreneurs and business owners should always consider necessary protections for products they create before making large strides to market it. How do you go about finding the necessary protections? You can protect your products through copyrights, patents, trademarks and more. Take a look as… Read More »

Almost every client with Richards Rodriguez & Skeith, LLP collects sensitive information about their customers. For a lot of business owners, one of their worst nightmares is waking up and finding out that their customer data has been breached. We often phone calls from Texas business owners who are seeking an answer to a single… Read More »

With the number of lawsuits funneled through the justice system, it would seem as though simply filing a lawsuit against an individual or an entity would not face obstacles. However, oftentimes, people do not understand that if the government has not agreed to allow an individual to sue them, then that individual does not have… Read More »

What are earnouts in merger and acquisition deals? David Rodriguez, partner at Richards Rodriguez and Skeith explains: An earnout is a tool that parties use to bridge a valuation gap between an optimistic seller and a pessimistic buyer. An earnout essentially is a provision in the definitive agreement that measures the company’s performance post-closing and… Read More »