Entity Formation: Starting a Business in Texas
If you are ready to launch a new business venture, the planning you do before you serve your first customer or hire your first employee can make the difference between your company's future success or failure.
One of the most important decisions any business owner makes is how to organize the business. The Houston business formation lawyers at Roger G. Jain & Associates, P.C., can help you select the type of business entity that makes the most sense in your particular situation. We will listen as you describe your business plan, outline the options available to you and recommend a type of business entity that best suits your needs and goals. Options for forming a business include:
- Sole proprietorship
- Limited liability partnership (LLP)
- Limited Partnership
- Limited liability company (LLC)
- Incorporation, including S Corporations and C corporations
- Professional corporations (PC)
Houston Small Business Incorporation Lawyers
Many people who have not previously owned a business believe they need to incorporate. That is not always the best option, particularly for a small business. Incorporation requires that you establish a board of directors and fulfill many reporting obligations that can be onerous for a modest-sized business startup.
We will keep two issues foremost in our mind as we analyze your business plan:
- Taxation: Which entity will allow you to minimize the taxes your business pays?
- Liability: Which entity protects your personal assets from being used to pay a verdict, settlement or judgment in a lawsuit against your company?
Often an LLC or an LLP provides the necessary protections without the burdensome responsibilities involved in incorporation. Should incorporation be the right choice, we can assist you in all aspects of setting up and managing the corporation.
For sound legal advice you can rely upon, please contact the business formation attorneys of Roger G. Jain & Associates, P.C., by e-mail or call 832-539-4759 or toll free 866-471-6269.
