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Texas Business

The Contrarian

It has been a difficult time for business and especially so for small business. Many saw this prolonged downturn coming and prepared by cutting expenses, limiting purchases and increasing cash reserves. However, the depth and breadth of this downturn has made it impossible for many businesses, even well run, sound ones, to survive. Just as […]

Knock, knock. It’s the FTC

Are you a Creditor? You need to know the answer to that question before someone from the FTC asks you. If you loan money, make car loans, etc., you are a creditor and are now a part of the government’s identity theft police. You, as a business owner, are required, not requested, required, to set […]

What’s a poor boy to do?

With the wave of new legislation coming now in huge bills that few people get to read until after they are passed, we inevitably get the later, quieter, revisions to parts of those bills to “correct” the oversights that did not get discovered until after passage. If you are in business, what do you do […]

The Business of Business

I read a newspaper article recently that discussed several local restaurant closings with the comment that the town was hard on new restaurants. While that may be so, I would suggest another explanation; doing business is hard on businesses, especially new ones. While you may be able to cook a mean hamburger, or you may […]

Thanks for the Help?

President Obama’s recent nod to assisting small business only serves to further demonstrate his lack of understanding of how small businesses work. His recent proposals to make more loans available and cut the capital gains taxes for certain investments completely miss the attitude of small business owners in this market. It is too slow and […]

Recession – Waiting for the Other Shoe to Drop

Advising small business owners on legal matters, I get a unique perspective on the economy from their position. And, since 60 percent of all new jobs are generated by small businesses, that perspective is quite relevant to the question of when this recession might end, assuming you don’t believe it already has. What I am […]

I want to be a corporation!

In my law practice, I give advice to many people who are starting their own businesses and the question that comes up most often is whether they should form a corporation. While it is a good question to always ask, my answer often is “no”, which is too bad as “yes” would make me more […]