Author Archives: admin

Do I Need A Lawyer When I Buy A Business Through A Broker?

Yes, now allow me to explain. I have seen a number of people lately who are buying businesses from brokers.  This is a very common method of finding and purchasing smaller micro-businesses and even some small companies.  But many of these folks are coming to an attorney too late in the process.  An attorney should…

Tweet Links for 5/14

Buying a business after 50 http://cnnmon.ie/JrmvDv Crowdfunding Raised $1.5bn in 2011, Set To Double In 2012 http://onforb.es/JrltHG Gen Y grads more likely to launch start-ups http://usat.ly/JTMWox Business Owners Try to Make Sense of Health Care http://nyti.ms/JTLAKo Common Misunderstandings Regarding Fairness Opinions http://bit.ly/JTKGxq How to Launch a Billion Dollar Startup on a Shoestring http://onforb.es/JTIIym Startups make…

JOBS Act Signed Into Law

President Obama signed the Jumpstart Our Business Startups (JOBS) Act into law on April 5, 2012.  The primary purposes of the Act is to increase the availability of financing for smaller companies. The Act achieves this by relaxing some of the regulations that previously restricted the availability of funds for small and emerging companies because…

Tweet Links for 3/19

3 Reasons to Fail Big http://dld.bz/be8Pb Requesting a Certificate of No Tax Due when buying a Texas Business http://dld.bz/be8NA Cool businesses fueled by military surplus http://dld.bz/be8Nq Are You an Entrepreneur Who Can Make a Business Fly? http://dld.bz/be8Nm 10 Dirty Negotiation Tactics and How to Beat Them http://dld.bz/bcwtj Austin works to become hub for mobile Internet…

Dangerous Do it Yourself Legal Advice

One of my rituals every morning is zooming around the blog-o-sphere and the news sites to see what is new in the world.  I always find a few interesting articles and I tweet them throughout the day.  You can find me on Twitter @David_B_Willis if you want to follow me. This morning, I came across…

Tweet Links for 1/23/2012

Austin-area venture capital investing soared in fourth quarter http://dld.bz/aGJmB 13 Types of Insurance a Small Business Owner Should Have dld.bz/aGJm8 New Corporate Opportunity Case dld.bz/aGJmw Small Business Strategies: Obama’s proposal could hurt dld.bz/aGJmn Business Planning With Risk of Recession: Check Points dld.bz/aGJkV NY Senate bloc pushes for small business laws dld.bz/aGJkR Austin bar employees accuse…

Texas Small Business Law 2.0

I had been thinking about recreating and updating this blog for some time.  Yesterday, GoDaddy made the decision for me.  So it’s goodbye GoDaddy and hello Hostgator! If you’ve come here via search and you found this instead of the search result you were looking for then I apologize.  The content will eventually be recreated…

Tweet Links for 1/9/2012

Money Talks: Rumblings BofA is trimming small business lending: There are rumblings that Bank of America Corp. ,… bit.ly/A6CwIK How Much Is Your Alma Mater’s Team Worth? on.wsj.com/y5MwLu When Judges Get Mad: Third Circuit Tosses Mistrial, Sanction over Spoliation That Didn’t Happen dld.bz/aCfZ9 How to Start a Small Construction or General Contracting Business dld.bz/aCfZ7 10…

IRS Notice 2012-09

Notice 2012-09 restates and amends the interim guidance on informational reporting to employees of the cost of their employer-sponsored group health plan coverage initially provided in Notice 2011-28, 2011-16 I.R.B. 656, required under as part of the Affordable Care Act to provide useful and comparable consumer information to employees on the cost of their health…

IRS Notice 2012-05 and Revenue Procedure 2012-14

Notice 2012-05 provides a safe harbor reporting method that an eligible real estate mortgage investment conduit (REMIC) may use to satisfy its reporting obligations with respect to information regarding REMIC assets that the REMIC must report  to residual interest holders. Revenue Procedure 2012-14 sets forth a safe harbor providing the extent to which investments by…