When to Franchise Your Business

When to Franchise Your Business      Making the decision to franchise your business is very big and should not be taken lightly. A franchise is a business model that allows an owner to expand and sell the business model to other entrepreneurs, explained in more detail in our article: What is a Franchise. There are four[…]

How to Value Your Business

How to Value Your Business      Valuing a company is one of the inevitable tasks a business owner will make in their life. Whether valuing a company you wish to invest in, or testing your own concept for a startup, or even valuing your company to take on investors, it is an invaluable skill. There are[…]

How to Start a Business in a Week

How to Start a Business in a Week      Starting a business does not take much, in most instances it can take only one week to get your business started quickly and legally. This article focuses only on the legal aspects of creating a company, there are other great resources to get you to the point[…]

What is the Corporate Tax Rate in Texas?

What is the Corporate Tax Rate in Texas?      Texas is one of the few states that does not levy a corporate income tax. Instead the state places a 1% franchise tax on most entities with gross receipts over $1 million. This franchise tax is “a tax on the privilege of doing business in Texas.” Some[…]

Should I Form My Startup in Texas or Delaware?

Should I Form My Startup in Texas or Delaware?      New startups always face the decision of where to incorporate. Often they have heard that Delaware is the ‘best’ place to incorporate for tax or corporate governance reasons. Business owners are not aware of the added duties and responsibilities of incorporating outside of your state of[…]