When people decide to go into business together, they usually focus on goals like growth, profit, and opportunity. What often gets overlooked is the layer of trust and responsibility that comes with sharing ownership. In Texas, that trust is not just a handshake agreement. The law imposes fiduciary duties that require partners to act with…
Receiving notice of an IRS audit can be unsettling for any business owner. While audits do not always indicate wrongdoing, they often require significant time and documentation. By understanding common audit triggers, businesses can take proactive steps to reduce risk and remain fully compliant with federal tax laws. What Triggers an IRS Audit? The IRS…
Written by Arba Beyene, Tax Lawyer and Partner at Ethio Alliance Advocates LLP 1. Introduction The goals of the amendment are typically outlined in the preamble of the proclamation. Therefore, the objectives mentioned in the preamble include: improving revenue collection through adjustments to the rates applied to certain incomes; expanding the tax base; creating an…
If you’re a professional seeking to work in the United States or a business looking to hire talent from abroad, understanding employment-based visas is essential. The process can be complex, with multiple visa types and legal requirements to consider. For employers, the right visa can help fill critical roles. For foreign workers, it can open…
Contracts are the foundation of any business relationship. They outline expectations, terms, and protect parties when things go wrong. But what happens when one side doesn’t hold up their end of the deal? In Texas, a breach of contract can really mess with your business. It can mean financial losses, missed opportunities, or damaged relationships….
If you’re a title company operating in Texas, understanding the state’s insurance premium tax is critical to your business. But companies may not fully understand how far it reaches or who exactly is responsible. This 1.35% tax, enforced by the Texas Comptroller, applies to gross title insurance premiums on Texas properties and comes with specific rules about who must…
As a property owner in Texas, you’re likely aware that yearly property tax assessments can significantly affect your finances. But what can you do if you think the appraisal district has assessed your property too high? Luckily, Texas law allows you to contest that assessment. In this guide, we will review the appeal process, deadlines,…
Purchasing commercial property in Texas can be an exciting investment, whether you’re starting a new business, expanding existing operations, or diversifying your real estate portfolio. However, before signing the dotted line, it’s essential to understand the legal landscape surrounding your potential investment. Failing to catch certain legal issues early can result in costly surprises later…
Owning property in Texas comes with many benefits, but also with complex legal and tax responsibilities. When that property is affected by eminent domain, those responsibilities shift, sometimes dramatically. Whether you’re facing a potential government taking or simply want to understand the implications, it’s important to know how both property ownership and eminent domain impact…
What is a Real Estate Partition Lawsuit in Texas? During major life transitions, such as the death of a family member, divorce, or breakup of a business, fear and uncertainty can drive joint property owners into rushed decisions that harm everyone involved. Heightened emotions can lead to disputes and ultimately, legal action. A common outcome…
Non-compete agreements are an increasingly valuable tool for businesses operating in competitive sectors such as technology, healthcare, finance, and professional services. In Texas, however, not all non-compete agreements are enforceable. To safeguard your company’s interests without violating the law, it’s crucial to understand the legal standards that govern these agreements. In the guide below, we…
As the global economy expands, numerous U.S. taxpayers have financial interests or assets located abroad. Whether it’s a Swiss bank account, real estate in Mexico, or investments in a foreign corporation, these offshore assets can provide growth and diversification opportunities. However, they also carry substantial reporting responsibilities. Failing to report these assets accurately can lead…
Whether you’re a small or medium-sized business owner seeking tax or business representation, or an individual seeking immigration assistance, we are ready to provide vigorous and compassionate legal support. Reach out to Coleman Jackson, P.C. today to discuss how we can help you.