THE LONE STAR SHIFT BUSINESS CONVERSION STRATEGIES IN TEXAS
If you’re a business owner looking to tap into exceptional economic opportunities, few wells are deeper than Texas. In addition to boasting the eighth-largest economy in the world, the Lone Star State prides itself on providing a business- friendly environment free from personal or corporate income tax. Unsurprisingly, businesses from other states often decide to set up shop here, allowing them to take full advantage of our strong growth opportunities and various financial incentives. Moving a business entity to Texas from another state is known as conversion — and businesses can embrace a host of options to make this goal a successful reality. There are two primary ways to reestablish an out-of-state business in Texas. The first option is to transfer your existing business from another state to ours fully. It provides several benefits, including keeping your existing employer identification number (EIN) and certain licensing and credentials critical to your operations. This option is
also helpful for maintaining continuity with your overall business structure and current client accounts, particularly if you’re a product or service provider for a major corporation, such as an automobile manufacturer. The second option is to create an entirely new company and sell your existing out- of-state business to that entity. This option is helpful for businesses looking to make a fresh start in a new state because it usually eliminates any liabilities associated with the previous entity. While this article provides a few basics of business conversion in Texas, no two businesses are alike, and yours may have unique circumstances that are not covered here. For a more extensive explanation of how to convert your enterprise to a Texas mainstay — along with guidance on complying with state laws and avoiding common bookkeeping and organizational issues — please contact us at 469-715-4558 to schedule a personalized consultation.
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Homemade Shamrock Shakes
INGREDIENTS
Milkshake •
Toppings •
1 pint vanilla ice cream 2/3 cup whole milk 1/2 tsp peppermint extract 8 drops liquid or 4 drops gel green food coloring
Whipped cream Green sprinkles
• • •
• •
2 maraschino cherries
DIRECTIONS
1. Put 2 tall drinking glasses into the freezer to chill. 2. Allow ice cream to slightly soften for 10–15 minutes. 3. In a blender, add milk, peppermint extract, green food coloring, and softened vanilla ice cream. 4. Blend on lowest setting and work up to medium speed for 1 minute or until smooth and pourable. 5. Pour evenly into frosted glasses, and top with garnish of your choice. Serve immediately.
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