Why Your LLC Needs an Operating Agreement
I recently received a call from someone preparing an application for the Paycheck Protection Program. This prospective client called me because the bank that received his PPP application asked him for the operating agreement for his Limited Liability Company (LLC). He said, “I’m the sole owner.” What is the purpose of an LLC operating agreement? […]
CARES Act for Business Survival
Have you heard about the C.A.R.E.S. ACT? On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act was signed into law. This $2.2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. The federal government has authorized this money to help […]
President of the Company Day
Today is President’s day, the federal holiday celebrated on the third Monday in February. Hi. I’m Todd Marquardt, President of Marquardt Law Firm, a professional corporation. Even though this holiday is meant to honor the birthdays of all presidents of the United States, it reminds me to reach out to Presidents of Businesses and Companies. […]
Partnerships are Too Easy
You might have created a partnership accidentally. Texas law under the Business Organizations Code Section 152.051 states that a partnership is created when an association of two or more persons to carry on a business for profit as owners.” Tex. Bus. Org. Code Sec. 152.051(b). That means assets or property used to benefit the parties […]
MARTINDALE-HUBBELL CONGRATULATES TODD ALAN MARQUARDT AS AN AV PREEMINENT PEER RATED ATTORNEY
Martindale-Hubbell is proud to announce that Todd Alan Marquardt of Marquardt Law Firm, P.C. has achieved a Martindale-Hubbell AV Preeminent Peer Review Rating, awarded to only those lawyers with the highest ethical standards and professional ability. Only approximately 10% of attorneys have achieved this prestigious honor. For more information on Martindale-Hubbell Peer Review Ratings, visit […]
Frequently Asked Questions for Establishing a Limited Liability Company (LLC) for Real Estate
Many of our clients call us and meet with us to discuss their goals of establishing and operating a limited liability company (LLC) for real estate in Georgetown, Texas, San Antonio, Texas, and all of New Mexico. What are the benefits of putting the house in an LLC? Members of an LLC have limited liability and are […]
7 Signs Small Business Should Swell in 2017
Attorneys and staff at Marquardt Law Firm, P.C. are celebrating small businesses in San Antonio, Texas and Georgetown, Texas. Tyrone Marquardt, case manager and client service specialist, studied a webinar today called The U.S. Economic Outlook and Its Impact on Small Businesses by Jay Hawkins, Visa economist, SCORE and the U.S. Small Business Administration (SBA). Tyrone […]
Major Changes to Partnership Tax Audits
Business partnerships and similar entities such as LLCs are “pass-through” entities for income tax purposes, meaning the partnership itself is not taxed, but rather, income to the partnership passes through to each partner who then pays his or her share of the tax. Likewise, current partnerships are not subject to audit adjustments at the partnership […]
New Start-up Business Bank Account: Step-by-Step
One of the first things you think of when starting a new business is opening a new bank account. You must have the answers to three questions before you open a new business bank account: (1) what is the name of your business, (2) how can you prove that you are authorized to open the […]
Protecting Your Real Estate Rights: Just Compensation for Temporary Loss of Access
Has road construction in front of your business driveway caused your business to lose revenue? Today’s blog serves to inform and educate business owners in New Mexico, Amarillo, Georgetown, and San Antonio, Texas about how real estate and business attorneys at Marquardt Law Firm, P.C. can fight for your rights for just compensation when the […]