What type of legal documents should I keep on file?

As a small business owner in Texas, it is important to keep certain legal documents on file. The documents you need to keep depend on the type of business you have. These documents are important for protecting your business and can help in the event of legal disputes. If you are a sole proprietor or independent contractor, you should keep a copy of your business license or any other state registration documents. You should also keep all contracts you enter into, such as purchase agreements, leases, and subcontracting agreements. A limited liability company (LLC) should keep copies of corporate documents such as their formation paperwork, articles of incorporation, operating agreements, and buy-sell agreements. LLCs should also keep any contracts they enter into with customers, vendors, and others. Partnerships should keep copies of the partnership agreement, as well as any contracts they have entered into. It is also important to keep records of any taxes you pay, such as sales tax and payroll tax. All businesses should also keep records of their financial accounts, such as bank statements, income and expense records, and financial statements. Finally, you should keep records of all employee documents, such as applications, I-9s, and W-4s. By keeping these legal documents on file, you can protect your business and ensure compliance with state and federal laws.

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