Cities in Texas are attempting to reduce their waste production output. Austin, for example, passed a law last year that made it difficult for restaurants and other food based businesses to dispose of food waste. Lawmakers used the law as a step towards the city's zero waste goal by 2040.
Tax Day is behind us, but the recent tax scramble serves as an opportunity to discuss the tax obligations of businesses. The type of business structure directly impacts tax obligations. Entrepreneurs that are considering choosing a business structure are wise to review the tax implications of each option before moving forward.
Controlling intellectual property online is a difficult task. Software, written works and even images can proliferate and the rightful owner may have a difficult time enforcing protections. The disputes that can arise were recently highlighted when a scientific group released the first ever photo of a black hole.
Entrepreneurs are often rightfully proud of their businesses. They may have wishes for the business to stay in the family or have another individual or group take over the reins when they are ready to move on. Whatever the plan for the next phase of business ownership, it is important to have a business succession plan in place to help better ensure the transition goes smoothly.
One of the key benefits to most types of business formation is protection from personal liability. Business owners may choose an LLC, LP or corporation for various reasons, but all three generally protect the owners from any debts or lawsuits the business itself may face.
The legal marketplace is changing. Attorneys are doing more than just practicing law, they are becoming entrepreneurs and starting their own practices in their preferred area of law. Recent data shows 23 percent of legal practitioners were interested in opening their own practices in 2016 -- a huge jump from the previous poll in 2005 showing only 5 percent were considering this business move.