Our firm's Dallas small business lawyers help business owners select, form, and start businesses. Choosing the correct business form can save a business owner from overpaying taxes and from personal liability in the event a dispute arises. Thus, it is important to meet with an experienced small business lawyer to help you form your business correctly from the beginning. Early advice from a business lawyer can save you a great deal of time and money.
Starting a business is often both extremely difficult and extremely rewarding. Selecting the best business entity for your needs is one of the first important decisions any business owner must make. Dallas small business lawyer Stacy Cole will assist you in selecting and creating the proper business entity in Texas. Contact our Dallas small business law firm today to setup a consultation and discuss your needs.
It is important for you to fully understand the pros and cons of each entity structure before you setup your business. Our Dallas small business lawyers understands the importance and nuances of entity formation in Texas.Types of Business Organizations in Texas
It can be difficult to understand the variety of options when selecting and forming a new business entity in Texas. There are numerous types of business formations in Texas to choose from, including:
- Sole Proprietorships
- General Partnerships
- Limited Partnerships
- Limited Liability Partnerships
- Limited Liability Limited Partnerships
- Limited Liability Companies
- Series LLCs
- Professional Corporations
- Professional Associations
Each business form has its own implications on taxes and personal liability. For example, a corporation may shield you from personal liability, but you could also be subjected to double taxation. Also, a sole proprietorship may have tax advantages, but you could become personally liable for the debts of the business. Other business forms offer a range of protections and requirements.
Our Dallas business lawyers will not only help you understand the legal implications of each entity type, Mr. Cole will use his business experience and MBA to assist you in understanding the business implications of each type of business structure. Dallas small business lawyer Stacy Cole understands both the law and business, and we will use this experience to offer you a head start over your competition. Contact our Dallas business and employment law firm today to discuss business entity options.How Do I Form a Business Entity in Texas?
Setup an initial consultation with a Dallas small business lawyer. In the initial meeting, we will discuss your goals and expectations for your new business. Some business owners plan for steady growth, while others expect rapid sales and growth, with other business owners expecting a quick buyout. Your business goals may have a substantial impact on the entity type that is best for your new business.
After our initial meeting, the firm will complete the required paperwork and draft applicable state filings. We will then meet a second time to confirm the business entity and answer additional questions. Afterwards, the firm will file the appropriate paperwork with the county and/or state.
Contact Dallas small business lawyer Stacy Cole to discuss your options.
No, but it is highly recommended. As discussed above, it is important to fully understand your business goals prior to setting up your business entity. A business plan is the best way to ensure that your business goals have been flushed out prior to taking a potential misstep. Business plans are also useful in financial planning, marketing, and numerous other vital areas of business creation.
Dallas small business lawyer Stacy Cole not only understands the law, but our Dallas small business law firm also understands business. Mr. Cole earned his MBA and worked for a couple of the world’s largest corporations. This business experience and our legal expertise make us the perfect firm to assist with your new business entity. Contact Dallas small business lawyer Stacy Cole today for assistance in developing and forming your new business.How Much Does It Cost to Create a Business?
The price to create and form a business in Texas varies on the type of entity selected. However, our small business law firm normally provides offerings at competitive flat fee arrangements because we understand the importance of controlling costs when starting a business. Most of our fees include the cost to file your organization with the state of Texas.
Some online companies offer a lesser service. Although it may be possible to save money initially by using one of these companies, the lack of legal guidance could result in costly mistakes in the future. Contact our dallas business lawyers today to discuss your goals.
Our small business law firm will work with you to understand your business needs and goals. After meeting with you, our firm will be able to provide you with an estimate of the cost to create your business and file the proper paperwork with the state. Contact our small business law firm today to discuss your business needs.