Starting and Operating a Business in Texas (February, 2020 Edition) is FULLY UPDATED for the 2017 tax reform act and 2020 Texas and federal laws and taxes, and is a comprehensive tax and legal guidebook for Texas small businesses. The author, a retired attorney and CPA and a Harvard Law graduate, provides a detailed but easy to read explanation of the "ground rules" you need to know to navigate successfully through the complex maze of federal and Texas tax and business laws and regulations. This edition is FULLY UPDATED FOR 2020 FEDERAL AND TEXAS tax rates and brackets, 2020 retirement plan limitations, and other 2020 inflation-indexed items of the tax laws.Federal tax and legal coverage includes individual and corporate income, self-employment, estate, gift, and excise taxes, payroll taxes, withholding taxes; the Americans with Disabilities Act; environmental laws; minimum wage/overtime and child labor laws; anti-discrimination and health care reform laws that apply to employers; immigration laws affecting hiring; OSHA job safety requirements; ERISA (employee benefits) compliance; the Family and Medical Leave Act rules (and how to earn the 2018-2019 family leave tax credit); mail order sales and telemarketing regulations; Internet taxation and regulation; and much more. UPDATED FEBRUARY 1, 2020 FOR TEXAS LAWS AND TAXES, INCLUDING RECENT FRANCHISE TAX CHANGES Texas tax and legal coverage includes the Texas franchise tax that applies to most types of legal entities, including recent tax rate cuts and increased exemptions, Texas sales and use, property, and unemployment taxes, and other state and local business taxes; state fair employment laws, which can differ from federal; the Texas minimum wage, overtime, and child labor laws; optional (only in Texas!) workers' compensation insurance; new hires reporting; wage payment requirements; when/if registration of fictitious business names (trade names) is required; and much more.OTHER IMPORTANT INFORMATION AND ADVICEIn addition to extensive, up-to-date coverage of federal and Texas business laws and taxes, you will also find this e-book to be a gold mine of other useful information and advice for running your business. It covers topics such as an entire chapter on site selection for your business; choosing accounting methods; do's and don'ts when buying an existing business, acquiring a franchise, or signing a lease; pros and cons of corporations, LLCs, and other business entities, as well as the Texas filing fees and taxes for each type of legal entity. Other chapters deal with subjects such as how to protect your assets from creditors; incorporation in a state other than Texas; how to classify workers as either employees or independent contractors; advice to heed before joining a multilevel marketing program; exporting tips; cash flow management and fraud detection; and estate planning, to name a few covered topics.