Key Insurance Programs for Businesses

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

My clients often ask me about what kinds of insurance they should be looking at for their business.  Like insuring your car and your house reduces your risk at home, these five kinds of insurance, listed generally in order of importance, can reduce the financial risks of running your business.
LIABILITY INSURANCE.  If someone is injured […]

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Do I need a Lawyer to Start a Business?

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

If you’re growing a business in Texas, NOT HAVING A LAWYER IS A REALLY BIG MISTAKE.
I’ve heard the radio ads, and the LegalZoom television ads telling listeners that they don’t need a lawyer to start up their businesses. They tell you that they can prepare all of the documents you need for a fraction of […]

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Small Business: Key Insurance Programs

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

My clients often ask me about what kinds of insurance they should be looking at for their business.  Like insuring your car and your house reduces your risk at home, these five kinds of insurance, listed generally in order of importance, can reduce the financial risks of running your business.
LIABILITY INSURANCE.  If someone is injured […]

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How much does it cost to set up a LLC?

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

LET US SET UP YOUR LLC
For $399, plus the $308 in fees due to the Texas Secretary of State, for a total of $707.00, we will provide you with:

A confidential 30 minute telephone consultation at a time convenient to you
An Initial Name Search with the Texas Secretary of State, to make sure the name you […]

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What is the average cost of a funeral?

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

When reviewing your estate plan you may also want to consider pre-planned final arrangements for yourself and your loved ones when life ends.  For most of my clients this usually involves a funeral or memorial service with burial or cremation.  Making your personal preferences known to your family and loved ones is important, and lessens the burdens […]

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The IRS Kicked Butt and is Listing Names – 12,891 Texas Non-Profits lose their IRS tax-exempt status

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

When the IRS told tax-exempt organizations that they needed to start filing their Form 990s or risk losing their tax exempt status, they really meant it!  Too many Texas ta-exempt organizations didn’t take the IRS’ warning seriously enough.  And 12,891 Texas tax-exempt organizations are not tax-exempt anymore.
Prior to 2006 tax exempt organizations that made less than $25,000 […]

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Book Review: “SARBANES-OXLEY FOR NONPROFITS – A Guide to Building Competitive Advantage” by Peggy Jackson and Toni Fogerty

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

This is going to come as a surprise to many of you: the Sarbanes-Oxley Act (hereinfter “SOX”) applies to non-profit organizations.  SOX was not designed with the non-profit in mind though.  It was created in the wake of the Enron mess. And not all of the provisions of SOX apply to non-profits. As a matter […]

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“What is the difference between Separate Property and Community Property?” – Important property rights that will affect your estate plan.

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

When married persons die their property is divided into two important classes:  separate property and community property.  It is important to understand the difference between separate and community property.  The right to own separate property and the right to community property are important rights under Texas law, and they are treated very differently when a spouse […]

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“I’m Naked and I can’t find my 990!” – DON’T PANIC! – Filing your Form 990 online can Save You a Lot of Time!

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

This is the time of the year when many of my clients dream of running naked through school, trying to find the room for a final exam in a class they never attended and didn’t study for. You don’t have to be Sigmund Freud to figure this one out – it’s just time to file […]

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Must I have a lawyer to start my business? No, but it’s BIG MISTAKE not to.

by Mr. Tracy A. Pounders, Attorney and Counselor at Law

If you’re growing a business in Texas, NOT HAVING A LAWYER IS A REALLY BIG MISTAKE.
I’ve heard the radio ads, and the LegalZoom television ads telling listeners that they don’t need a lawyer to start up their businesses. They tell you that they can prepare all of the documents you need for a fraction of […]

Read the full article →