Dallas Business Planning
Business consultants can be invaluable when you're first starting out as a business owner. It's nearly overwhelming to be faced with so many mandatory forms, fees, and filings. But it's downright frightening to realize that there may be rules, regulations, and other requirements that you aren't even aware of. That's where a business consultant can help you start off on the right foot with your Texas-based business. The Duke Firm, PC have helped many Dallas business owners form and plan their business.
One of the first decisions you must make is how to structure your company. There are multiple options here, and each has its pros and cons relative to the amount of personal liability you will have and the way taxes will be paid. If your business will have more than one owner, you'll want to protect your interests with partnership or shareholder agreements.
If the business needs a staff in order to operate, you'll have to hire employees or contractor workers. Here again, you'll probably need help with employment and confidentiality agreements, as well as with benefits programs, retirement plans, Workers' Compensation, unemployment insurance, and other mandatory or voluntary offerings.
Taxes are an ongoing concern. Will you need to make estimated quarterly income tax payments? Collect and pay sales tax? What contributions must you make on behalf of your employees?
Insurance is important, too. Unemployment insurance is mandatory in Texas for all full-time and certain part-time employees. But there are other insurance policies you may need as well, including business interruption, property, medical, and liability coverage.
A Dallas small business attorney at the Duke Firm have helped many new business owners make their dream of self-employment come true. Whether you need a partnership agreement, incorporation services, or help with business and contingency planning, the members of our corporate legal staff can offer proven, practical advice.
