The Allen Firm Knowledge Base

Our blog section that highlights some of our most asked questions.
You have a few more options. – Part 2

You have a few more options. – Part 2

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...

You have a few more options. – Part 2

Hope you make the right choice. (Pt1)

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...

You have a few more options. – Part 2

Stop being taxed twice

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...

You have a few more options. – Part 2

Access to your property.

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....

You have a few more options. – Part 2

Stop calling us about this.

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 more options. – Part 2

Will you make this appointment?

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...

You have a few more options. – Part 2

You want to avoid probate?

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...

You have a few more options. – Part 2

You may not like it but you must report this.

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...

Get these 6 things right

Get these 6 things right

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...

Get these 6 things right

Here is your first employee

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...

Get these 6 things right

We will not do anything until you get answers

You (the visionary) are ready to form a company and you have no clue which type – LLC or Corporation.   We will not form anything until you ask these two questions to these people:   1) Accountant: Q) What type of entity do I need to form?   2) Insurance Agent: Q)...

Get these 6 things right

Stop messing around and start already.

Stop messing around and start it already. Hey - Big Thinker Risk Taker Starter Routine Hater Disruptor Creator and Achiever You are a visionary. I bet you have an idea right now and are ready to create. Over next couple weeks, we will be walking you through the...

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