Thinking of starting a business? First of all, congratulations! As Business Attorneys, we know firsthand that while the idea of opening up your own shop is exciting, the steps necessary to make that dream a reality can be quite daunting. While you might not be sure what to do first (and then next), these are important steps necessary to ensure…
The Internal Revenue Service (IRS) is planning to bump up its audits of small businesses as well as their investors by around 50% this year. In part, this is due to years of consistently low rates of examination among small businesses. According to this story from Bloomberg, a surge in audits is expected and will be for “companies ranging from…
Over the course of the coronavirus pandemic, all businesses have been forced to adjust how they operate. Given changes in resources, labor, and even the ability to travel, some businesses have been left struggling to fulfill their contractual obligations. Consequently, businesses are left wondering what relief they are entitled to as a result of the pandemic, as well as what…
Amid the Coronavirus pandemic, the Texas Supreme Court had issued a temporary pause on both debt collection and eviction proceedings. Now, the Texas Supreme Court is saying that these proceedings can resume this month. Translation? Businesses and debt collectors are going to start asking for payment and/or filing lawsuits. What is Going into Effect and When? Evictions The first day…
As a business owner, it’s important to develop relationships with various professional services that can help your business, financially and legally. Among the two most important are an accountant and, you guessed it – a business lawyer. Whether a new entrepreneur or established business owner, navigating the requirements and complexities of the law for businesses can be daunting for most.…
