There are a number of provisions in the new Tax Cut and Jobs Act that affect businesses. One of them has to do with a choice of entity decision. C Corps now have a 21% flat tax rate. However, when deciding whether a C Corp makes sense, a taxpayer would want to take into consideration… Read More »
Business Law Breakdown: When Good Partnerships Go Bad
Texas recognizes several different kinds of broad categories of partnerships. In a general partnership, all the partners are or can be active in the business affairs of the partnership. Limited Partnership In a limited partnership, there are two types of partners, both general and limited partners. Only the general partners are allowed to be active… Read More »
Business Law Breakdown: Business Licensing Requirements
Almost every business needs a license or some kind of filing or permit to operate legally. Businesses need these licenses to protect the public from any perceived harm. Medical professionals need licenses so the public knows they are going to someone who is qualified to give them the right kind of medical care. You don’t… Read More »
City of Austin Paid Sick Leave Ordinance Mandates Revised Employee Handbooks and Administrative Requirements
On February 16, 2018, the Austin City Council passed an ordinance that will require private companies with employees working in the City of Austin to provide between 48 and 64 hours per year of paid sick leave to employees. In addition to providing leave, employees must have written notice of their paid sick leave rights… Read More »
Business Law Breakdown: Public Benefit Corporations in Texas
How Can a For-Profit Business Take on a Social Cause as Part of a Business Goal? Non-profits are fantastic organizations, but just because a business owner or entrepreneur chooses social good as part of their business plan, it does not mean they are forced to go the non-profit route. At least not anymore in Texas.… Read More »
