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Can a Married Couple Form a Single-Member LLC?

A single-member LLC sounds straightforward: It’s an LLC owned by just one person. However, there are situations when a married... View Article
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Should I Form an LLC for My Comic Book Shop?

Many comic collectors dream of opening a store of their own, but owning a comic book store is fraught with... View Article
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What Are Non-Cash Expenses?

A non-cash expense is just what it sounds like: a cost your business doesn’t pay for in cash. Also called... View Article
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What Is a Passive Entity in Texas?

Many Texas business owners get stumped by this qualification question on the No Tax Due Report form: “Is this a... View Article
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What Is an Income Statement?

An income statement is a financial report that shows how much money comes in and out of a business during... View Article
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How to Find Your Texas Webfile Number

If you’re a Texas business owner, you’ll need to know your Webfile Numbers in order to file your business tax... View Article
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Should I Start an LLC or Get a Business License First?

If you’re starting a limited liability company (LLC) for the first time, you might find yourself asking: “What should I... View Article
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What is Net Income?

Knowing your company’s net income is important for financial statements and diagnosing the overall health of your business. However, knowing... View Article
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What is Gross Income?

When starting out as a business owner, understanding gross income (also called gross profit) is crucial for tracking your profits... View Article
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What Is a Business Entity?

If you’re a new business owner or are preparing to start a business, you’ve likely come across the term business... View Article
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