It is the time of the year when people brainstorm on what kind of business they could operate as the new year begins. Here are the following business trends that individuals may consider starting in the year 2017:

• The real estate industry is expected to be in demand as the population and business entities continue to increase.
• Manpower pooling is also expected to become a trend next year to compensate the increasing demand for booming businesses.
• Wholesale industry
• Businesses that provides logistic services
• Electronic commerce (e-commerce) industry
• Businesses that sell equipment
• Businesses that provides outsource design and development services

In this exciting time in which you are planning to start your own business, seeking help from a legal counsel is crucial because you will need to comply with certain laws that could affect your investments. Get in touch with a lawyer of Adam Pugh in Austin today by calling (737) 261-0602.

Two business partners in Austin, who own a Japanese-inspired eatery serving ramen noodles, have plans of setting up shop in Montrose, an article of Austin Business Journal reported on November 11.

According to reports, chefs Takuya “Tako” Matsumoto and Tatsu Aikawa are planning to open another branch of “Ramen Tatsu-Ya” as part of their expansion. The new eatery will be located at 1722 California Street in Houston, and it will be their third branch to serve traditional Japanese foods. Aikawa and Takuya currently have branches on South Lamar Boulevard and near Ohlen Road. Ramen Tatsu-Ya is expected to compete with other promising ramen hubs in the Houston area.

Expanding your business can be exciting and stressful due to the amount of effort and money you must put in to make your plans happen. However, if you are considering business expansion in Austin, an attorney at Adam Pugh can offer legal insights to help lessen unforeseeable business risks. Learn more about your options from us today by calling (737) 261-0602.

Sunnyvale-based multinational company Yahoo! recently said they are facing 23 lawsuits after data from millions of users was accessed illegally, a report of Business Insider stated on November 9.

Reports revealed the plaintiffs, who represented stakeholders of Yahoo!, were seeking a class action lawsuit against the search engine giant. Yahoo! said in September that the data of at least 500 million accounts got accessed illegally since 2014. In a statement, Yahoo! said that aside from the lawsuits filed against them, they are also under investigation by federal agencies, which could negatively affect their business. Yahoo! CEO Marissa Mayer expressed her gratitude in October for consumers who continue to patronize their products despite the data breach. Several federal agencies are currently working with Yahoo! to determine the cause of the data leak.

The Austin legal team of Adam Pugh represents individuals whose businesses are threatened with lawsuits. If you think such a frustrating situation is happening to you, we can tirelessly work on your behalf to make sure you get the best legal defense available to you. Call us today at (737) 261-0602 to learn more about your options.

Any person, institution or a company who owns a portion of a company’s share can be considered as a “shareholder“. Also called “stockholders,” shareholders should be aware that they have rights, even if their presence is not critically essential in decision makings. Below are the following rights entitled to shareholders:

• Right to get a portion of a company’s declared dividends
• Right to decide on the business assets liquidation during critical times like bankruptcy and/or dissolution
• Right to conduct inspections of the company’s transaction documents
• Right to file a lawsuit against the corporation
• Right to cast a vote for board directors or members, or make a decision if the business should be combined with other businesses

Shareholders in the corporate level should know that they could not be held liable if the company whom they partly own acquires too much debt from creditors.

If you want to know more about your rights as a business shareholder in Austin, get in touch with a Adam Pugh lawyer. Find out how we may work on your behalf today by calling (737) 261-0602.

Before you can legally operate a business in Texas you will have to deal with complicated paperwork and secure permits that are required by the state and the jurisdiction where your business will likely operate. Depending on the nature of your business, you may need to acquire permits for the following:

• Alarm permits
• Building permits
• Business license and tax permits
• Health permits
• Occupational permits
• Signage permits
• Zoning permits

Business permits are required to make sure your business complies with the standards set by the city or county where your business is located. Securing business permits, however, could be much more complicated if you are planning to put up a web-based business that caters to people outside of your jurisdiction. Businesses that have the required permits are perceived by consumers to be credible and reliable.

If you are unsure of what kind of permits are you going to need for the business you are planning to start, seeking help from a legal counsel is worth considering to save time and money. Find out how a lawyer at Adam Pugh may work for you today by calling (737) 261-0602.

Shareholders in a corporation are required by the law to hold a general meeting at least every 15 months but is generally done every year. Usually called an AGM or “Annual General Meeting”, it is the time of the year when corporations’ key persons see each other to discuss important business matters or make critical decisions.

Below is the usual agenda of AGM:

• Presentation and approval of the previous AGM minutes
• Presentation and approval of the company’s financial statements
• Shareholders’ approval of actions that are decided by the board of directors
• Approval of dividend payments
• Exercise shareholders’ rights to elect new members of the board or vote for or against a particular issue of the company

Aside from the above-mentioned agenda, an AGM is also a way for shareholders to express their opinions with regards the growth or future status of the business. As an AGM is critical to the success of every business, working with a skilled business attorney who would help you facilitate and oversee your company’s AGM is worth considering. Find out how an Austin attorney at Adam Pugh may work for you today by calling (737) 261-0602.

As in other states, individuals who are considering starting their own business in Texas should know they will need to pay several taxes in order to legally operate. Determining business taxes is an important facet of creating a business because individuals must find out if their finances can settle the taxes required of them. Below are the taxes required to run a business in Texas:

• Federal taxes that are required by the IRS
• State taxes that are required by the Texas Comptroller of Public Accounts for the benefit of the state
• Local taxes or business inventory taxes required by the local County Appraisal District where the business is operating
• Unemployment taxes required by the Texas Workforce Commission

Figuring out taxes while running a business is often difficult due to the legal technicalities involved. However, if you are planning to start a business, working with an attorney will give you an edge in your chosen venture. Find out how the attorneys at Adam Pugh in Austin may be able to work for you today by calling (737) 261-0602.

When setting up a new business, individuals should know the Internal Revenue Service (IRS) recognizes two kinds of business structures, which determine how the business will be taxed by the government. An “S Corporation” is one of the two types of business structures an entrepreneur may choose.

Business owners who decide to make their venture an “S Corporation” are not mandated by the IRS to settle corporate income taxes based on their profit. Usually, individuals who decide to run small businesses are the benefactors of S Corporations because they are taxed only once, but they also receive the legal advantages enjoyed by other types of businesses. Individuals should know they need to file Form 2553 with the IRS, requesting to become an S Corporation, and they will need to comply with the standards set to acquire the status.

If you are required to make a decision for your business, seeking the opinion of a skilled business attorney is critical to safeguarding your investments. Get in touch with an attorney at Adam Pugh in Austin today by calling (737) 261-0602 to find out how we may work on your behalf.

A type of venture people could form in Austin is an LLP or Limited Liability Partnership as it has more advantages compared to Limited Liability Company (LLC) type of business.

In an LLP, business owners have a possibility of reducing any risks related to their venture as this type of business allows them to have many partners that could share its liabilities. Many entrepreneurs consider this a big advantage because any kinds of business have varying levels of risks along the way. Another advantage of an LLP that is worth considering is it gives every partner the right to make a decision on how they are going to participate in the business. Business partners who have other ventures may benefit from this. Then lastly, LLP-type-businesses are not taxed by the IRS because every partner of the business is required to file taxes by themselves individually. While there are many benefits in considering an LLP type of business, it also has some disadvantages for other would-be entrepreneurs.

If you are considering starting your own business, seeking help from an attorney is a viable option for you to understand the pros and cons of business types and help you decide what better suits you. Find out how a lawyer at Adam Pugh in Austin may help you today by calling (737) 261-0602.

Retail is one of the most common business models embraced by aspiring entrepreneurs due to the variety of options available regarding how they could operate. Individuals who are entering retail as an entrepreneurial venture should consider the following factors to determine if retail is the type of business that suits them.

• The ability to lead: Starting entrepreneurs are expected to be the captain of their own ship and be accountable in all of their decisions.
• The ability to multitask and work by yourself: Starting entrepreneurs should know they have to complete multiple tasks simultaneously to learn the process by themselves and to lower overhead costs.
• The ability to quickly respond to situations: Retail business, like any kind of business, is unpredictable and business owners should be proactive in such situations.
• The ability to make sacrifices: Business owners should understand that there will be a point in their business career when they will experience unsteady cash flow.
• The ability to interact with all kinds of customers: Prospective retailers should understand that they will deal with different types of customers and they should be prepared to handle that.

Individuals may consider running a retailing business if they are comfortable with the above factors that are expected from a retailer. However, if you want to know more about how to start your own retailing business in Austin, an attorney at Adam Pugh can help you. Find out how we could help you enter the exciting world of business today by calling (737) 261-0602.