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BUSINESS ENTITY FORMATION

When organizing a new business, one of the most important decisions to be made is choosing the structure of a business.  There are many types of business structures in Texas:

  • Sole Proprietorship

  • General Partnership

  • Limited Partnership

  • Corporation

  • Limited Liability Corporation

  • Non-profit Corporation​

Factors influencing your decision about your business organization include legal restrictions, liabilities assumed, earnings distribution, capital needs, tax concerns, and type of business operation.  Thus, it is important to select and properly set up the right structure.  Mistakes are expensive.  Do it right the first time by consulting the expert advice of a business attorney.