Always forgetting to file your Texas Franchise Tax Reports on time? Starting in 2024, you might find yourself exempt from this task. The Texas legislature passed significant changes to the franchise tax reporting requirements in 2023, streamlining how businesses handle their tax reporting and reducing the administrative burden, particularly for small to medium-sized businesses.Continue Reading Texas Franchise Tax Update: Key Exemptions and Reporting Changes for Businesses
The first thing many founders/entrepreneurs think of when starting a new business is, “I need an LLC.” The establishment of a Limited Liability Company (LLC) in Texas can be a strategic maneuver for entrepreneurs and businesses aiming to leverage the benefits of limited liability and operational adaptability. In fact, a quick Google search will direct you to a myriad of websites offering step-by-step instructions, as well as online service companies offering to help you start an LLC for free.
However, at a time when personal privacy is cherished more than ever, privacy is a crucial consideration when starting a business entity. While establishing a business requires some public disclosure, several strategies can be used to preserve privacy and maintain anonymity.Continue Reading Texas LLC Formation: 4 Privacy Considerations for Entrepreneurs