What is a fiduciary duty for Board Members?For businesses, fiduciary duty is the legal and ethical responsibility of board members (known as the fiduciary) to act in the best interests of the business and its shareholders. It’s the most important and basic obligation required to ensure a strong legal and professional relationship between every board […]
Your business structure is an important consideration—it determines how you’re taxed, whether you can be held personally liable in lawsuits and more. Not every business qualifies to become an S corp in Austin, TX, but it can be a smart structure for many. If you aren’t sure whether to form a corporation or how to […]
When you own a business, it behooves you to do everything possible to protect yourself. That extends to sales contracts, which ensure you get paid for your goods. If your small business sells a product rather than provides a service, be sure you have a well-written sales contract with terms that are favorable to you. […]
You’re probably familiar with a contract: two or more parties agree to fulfill certain obligations, in exchange for a benefit. Mortgages and rental agreements are two common contracts. When one party fails to fulfill their end of the deal, they have breached the contract. Breach of contract lawsuits are some of the most common contractual […]
Determining your business structure is one of the most important choices your company can make. Deciding to incorporate, whether under an S-corp, C-corp or LLC, shields your owners from personal liability. It can also give them flexibility when it comes to taxes, debts and lawsuits. Read on to learn more about what a limited liability […]