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Business Start-Ups

Saturday, March 30, 2019

Steps to Starting a Business

Texas Business Law Attorney

Putting that entrepreneurial spirit into action and forming your own business is a big step. Starting a business is the time to put all of those exciting ideas into a more detailed and concrete plan that will lay the foundation for its future. The Kumar Firm takes great pride in providing trusted legal counsel to those who are looking to start their own business. It is a journey filled with important decisions and legal considerations. The Kumar Firm will help you navigate these waters and help set your business up for success.

What are the Steps to Starting a Business?

The first step to starting a business is to develop a solid business plan. Get down into the specifics of what your business will look like. You will need to answer some tough, but necessary questions about your business such as:


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Friday, November 30, 2018

Funding Your Startup Business

What are my funding options if I cannot secure a bank loan?

Your first challenge as a new business owner is often determining how to finance your venture.  Nearly every business will require some sort of capital to start off strong.  To launch your startup, you may need to hire new employees, rent a space, invest in new equipment, market your business, and the like.  With interest rates rising and banks more closely scrutinizing loan applicants, many new business owners are turning to alternative funding options.  Our Austin, Texas business startup attorneys explore your options when it comes to funding your new venture below.

Small Business Loans

Perhaps the first avenue that comes to mind for raising funds for your business is a small business loan. Banks offer small business loans, but it can be hard to qualify.  Most banks will require a stellar credit score, strong business model, and at times previous business success.  Many new business owners will find themselves denied by large banks.  Alternatively, there are several lending companies that may have looser criteria for a loan.  It is vital that you research these lending companies, as some will charge exorbitant interest and could use predatory methods.  Your business startup attorney can help by reviewing any potential lending agreement to uncover predatory lending schemes.


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Saturday, September 29, 2018

Austin Business Journal Recognizes the Fastest Growing Companies

What makes Austin an ideal city for startup businesses?

The Austin Business Journal recently released its list of the fastest growing companies in the city. Companies were divided into two categories, one for companies with annual revenues of less than $10 million and another for companies bringing in over $10 million a year.  These winners represent the high growth atmosphere of industries within Austin and the state of Texas.  Our Austin, Texas business startup attorneys explore some award winning companies in the area and discuss why Austin may be the perfect place for your new business.  


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Thursday, July 12, 2018

Wallet Hub Names Texas as Best State to Start a Business

What are the steps to starting a successful new business?

Wallet Hub recently released its list of the best states to launch and grow a business. Once again, Texas came in as number one. The study compared 25 key business indicators across 50 states. Factors considered include the business environment, business cost, and access to resources, among others. Texas ranked high in several categories, taking the lead in the business environment.


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Thursday, February 1, 2018

Turning Your Concept into a Startup


How do I start up a small business?

Owning your own small business is the American dream for many.  While coming up with a dynamic concept is an important step to any startup, your idea is just the launching point for your successful business.  Our Austin, Texas business law lawyers discuss how you can grow your business from an idea to a full-fledged business.
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Friday, August 25, 2017

Forming a Corporation for Your New Texas Business


How do I form a corporation in Texas?

Selecting a business entity for your new venture is a critical step.  While there are several potential business structures to choose from, corporations have long been one of the most popular business entities.  If you have determined that a corporation is the right business structure for your business, you will now need to take the appropriate steps to form your corporation.  Our Read more . . .


Sunday, August 20, 2017

Selecting a Registered Agent for Your Texas Business


What is a registered agent?

You’ve taken the first steps towards starting your new business by selecting a business entity, but now you need to choose a registered agent for your business.  Naming a registered agent may seem like a formality, but it can have important implications for your business in the future.  As such, it is imperative that you understand the role of a registered agent and what you should know before choosing your agent.
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Thursday, March 16, 2017

Forming a Partnership in Texas


What are the advantages and disadvantages of a partnership?

Selecting a business structure is one of the most important decisions you can make for your new business.  Your business structure will impact your ability to grow and raise capital, designation of business duties, taxes, and much more.  For business owners with a partner, the most obvious choice for your new business may be a partnership.
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Wednesday, January 18, 2017

Starting Your Own Small Business in Texas


What steps should I take to open my own business in Texas?

So you have decided to open your own small business. Congratulations! You have taken an important step towards obtaining financial security and becoming your own boss, but there are several critical steps you must take to start your business off right.  Review our guide to opening your own small business in Texas and contact our Austin, Texas business startup and formation lawyer at the Kumar Law Firm PLLC when you are ready to get started.


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Monday, September 26, 2016

Buyer Beware when Purchasing Property for a New Business


What surprises might await you when you purchase property for your new business?

A news story that appeared recently thanks to an anonymous whistleblower in Lubbock, reminds us all that buying a local business can be trickier than it first appears. This is why, no matter how savvy you think you are, you should always hire a skilled, knowledgeable business attorney before purchasing a business.

Case of Uncommon Building Codes

In the case mentioned, a local business owner approached KLBK and EverythingLubbock.


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Wednesday, September 21, 2016

Austin Has Startup Appeal


Why is Austin attracting so many startups and entrepreneurs?

Austin continues to be a magnet for startups for  a variety of reasons. The region offers a favorable cost of doing business, a well educated labor force, a good lifestyle and good weather, all of which are attracting young people to the area. Combine these factors with no personal income taxes, and a low cost of living, and it makes for an environment well suited for entrepreneurs.

Growing Workforce

The educated workforce is due in part to the University of Texas at Austin and other area universities, that also attract foreign students. A educated, diverse population is beneficial to employers and a boon to business growth.


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