One of my rituals every morning is zooming around the blog-o-sphere and the news sites to see what is new in the world. I always find a few interesting articles and I tweet them throughout the day. You can find me on Twitter @David_B_Willis if you want to follow me. This morning, I came across… Continue Reading
Category Archives: Business Planning
Why Foreign Entities Must Register In Texas
There are unique issues when businesses operate across state lines. One of the most important is registering with the state in which the business operates. States differ on what contact is required to trigger the foreign entity registration requirement but every state requires some sort of registration for foreign entities to conduct business in their… Continue Reading
Recent Posts on S-Corps
S-Corporations are one the more common business entities that I receive inquiries about and it appears that S-Corps have been a hot topic in the Texas blog world recently. Greg Price, author of the blog From Greg’s Head, has a two part post about S-Corps. Part 1 discussed the process of forming and electing S-Corp… Continue Reading
Mistake #2: Failure to plan and adjust for growth
After being as pessimistic as possible in an attempt to identify the worst case scenarios and develop a business plan to meet those contingencies, now you need to be wildly optimistic. Sales have exceeded all expectations. Clients are coming in left and right. You are working 20 hour days and loving it because it is… Continue Reading
Mistake #1: Under-capitalization
Money makes the world go round and your business is no different. Someone, somewhere, came up with the well recited statistic that over half of all small businesses fail within the first two years. Obviously there are many combinations of factors that play into this, but the amount of capital available when you start a… Continue Reading