A central purpose for creating a corporation or an LLC is for asset protection. These companies shield owners from liabilities that accrue during the life of the business. In Texas, failure to file your franchise tax returns or pay your franchise tax liability will cause you to lose your limited liability protection. The Texas Tax Code provides for personal liability for… Continue Reading
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How to do a Voluntary Disclosure with the Texas Comptroller
Posted in Criminal Tax, Texas State and LocalAre you worried about a failure to file a franchise tax or sales tax return in Texas? Worried that you could go to jail? Worried that the State of Texas is going to hit you with horrible penalties and interest? There is a way to avoid these problems and reduce your liablity. The answer is… Continue Reading