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Business Entities and Structures

LLC? LP? Corporation? - What should I choose?

Ask a traditional CPA, and she will probably say - corporation. Ask a seasoned investor, and he will likely mention an LLC, maybe an LP. Out-of-town crooked promoters will try to sell you Nevada entities. Who is right?

NEW: I formed a company! Now what?

Like with many things in life, getting "in" was the easy part. Keeping up is not. Sure, the IRS is not much help when your plate is already full. You don't have to be in perfect compliance, but some basic rules are critical to follow.

Revised Texas Franchise/Margin Tax - overview

If you have a business registered with the state of Texas, you are familiar with our version of corporate income tax - Franchise Tax. Courtesy of new Texas law, this tax is gone. However, nature abhors vacuum - so there is a new tax instead, effective in 2007. Here is an overview.

Filing the New Texas Franchise/Margin Tax reports

The revised Texas Franchise Tax, sometimes referred to as Margin Tax, became effective in 2007. In June 2008, first reports must be filed. This article helps you find your way around new and very confusing forms and instructions.