“This Really SOX!!!” – Yes, Sarbanes-Oxley DOES Apply and You’d Better Act NOW!

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

The Sarbanes-Oxley Act, otherwise known as “SOX”, was passed in 2002 in the wake of the Enron mess. Most of us recall Enron. During the 1990s and very early 2000?s Enron’s “smartest guys in the room” fooled market experts, regulators and investors alike into blessing or investing more and more money into product lines that […]

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“Oops! I forgot to file my 990!” – DON’T PANIC! – The IRS may forgive you this ONCE.

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

That red string tied to the ring finger on your right hand was there for some reason. What was it? Uh oh! You were supposed to file your non-profit’s Form 990! And what’s this? A letter from the IRS? Thousands of dollars of penalties are being assessed against it? And its 501(c)(3) status is being […]

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“Help!!! My 990 is due!” – DON’T PANIC! – Figuring out your Form 990’s deadline

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

DON’T PANIC!
First make sure the filing deadline you think you have is the right one. The IRS specifies that your non profit corporation’s 990 must be filed by the 15th day of the fifth month following the end of its fiscal year. Huh? Let’s make this simple:
If your year ends June 30, 2011, your […]

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“I don’t have a will. So what?!” – Adding Misery to your Family’s pain at life’s end.

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

I’m a fifth generation Texan. My ancestors came to Texas a century and a half ago because they wanted to have some say in how they lived their lives. They got here on their own, they built their farms and businesses on their own, and they didn’t take kindly to people who tried to tell […]

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“My Education Foundation? A Government?” – DON’T PANIC! – Your Education Foundation may be subject to the Texas Public Information Act, but help is available…

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

If your Texas education foundation just got a “request for public information under the Texas Public Information Act”,
DON’T PANIC!
The Texas Public Information Act requires a “governmental body” to disclose practically any information that it has. But my education foundation is a private entity, not a government. Right?
“Yes and No.”
Yes, your education foundation is probably a […]

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“I’m single with no kids. Who gets my stuff if I die?” – Intestate distributions and the single person.

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

Many single people without children I know don’t think they need a will.  Many of these folks are quite young and tell me that they don’t have anything of value to pass on.  And state law takes care of that, right?
Texas statutes provide for this situation.  If you’re single, have no descendants and no will […]

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“If I sign a Will I’m gonna die!” – That myth finally BUSTED!

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

As shocking as it sounds, some people are irrational. Some of the folks I’ve spoken to over these many years in Practice think that if they execute a will they will die. They can tell me stories of family members that signed their wills before going on a trip, then dropped dead at the airport. […]

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How much does it cost to set up a Texas Limited Liability Company (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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Our Estate Plan Package Pricing

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

Basic Estate Planning Documents
(*) Document Only Pricing
Last Will and Testament – A Texas will is a legal document that directs how your property will be distributed when you die. A will allows you to name a person you trust to oversee the management and distribution of your assets. It also allows you to appoint a […]

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My Great-Grandfather L. K. Pounders and “My Guide”

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

In the law office of my Great Grandfather, Judge Lurie Knox “LK” Pounders, prominently hung a framed article entitled “My Guide.” When I began practicing law my father, the Rev. Frank H. Pounders, passed this guide to me. Although these are not my Great-Grandfather’s words, he lived by them nonetheless. And I have tried to […]

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