The Allen Firm Knowledge Base

You really really really need to get these 5 documents signed. Get those signed and rest assured things are taken care of.   PS. Many people are concerned about the cost of these documents. Call us today and we will let you know the exact cost of each document....

You own a landscape business. You hired Josh as a general manager of the South Texas division. Josh signed a non-competition agreement when he was hired.   Josh worked great for 2 years then recently left to a competing business.   You called the Firm and want to...

You have called us about starting a business and we are both excited.  Last week we uncovered the most important decision before you do a thing: What type of entity do I need? A few we covered last week: Sole Proprietorship and Partnership. You have a few more options...

We love that you are excited about starting a new business. Getting your new venture off to a great start is a passion we share with you. However, you have a critical decision to make before you start anything: What type of entity do I need? Here are some common...

Let’s say you chose to form a corporation (or your CPA advised it).  You adamantly refusing to get taxed twice – perfectly reasonable. This is when you could make a “Sub-S Election” to get all the benefits of a corporation but pay taxes as a pass-through entity (like...

Fights can come when the owner of the “mineral rights” is different than the owner of the “surface rights”.  Some definitions: Mineral Rights: refer to the ownership of the minerals found beneath the surface of land. These include oil, gas, coal, and other minerals....

If you are a Tenant and something broken needs to be fixed, please do a few things before you call us.  We should not be your first call.  Consider these things for problems:  Report maintenance issues in writing (through email or letter). Your lease may require...

You have a few kids under the age of 18. But you have no Will. Please START YOUR WILL today! There are many reasons to have a Will in place (like getting to make the actual decision about where your property goes instead of Texas making that decision). However, if you...

Many people are unnecessarily fearful of probate.  It’s not that scary – give us a call and we will give you some peace about the process. However, you may be able to avoid probate if you own a home but do not have many other assets. Here’s how- Transfer your home to...

New reporting requirement became effective January 1, 2024.  Many companies (such as LLCs and Corporations) must report information about their “Beneficial Owners” – the people who own/control the company.  They are required to report to the Financial Crimes...

Hey visionary. You had the great idea. We formed your LLC at your accountant’s request. You leased an office space. You contributed $10,000 to start the business but things are tight. You hired an operator Your business is growing. Congratulations.  You’ve added new...

Hey visionary. You had the great idea. We formed your LLC at your accountant’s request. You leased an office space. You contributed $10,000 to start the business but things are tight. You have a big hurdle to get over – 80% of new businesses fail in the first few...