Texas Business Entity Formation
Most small businesses choose to operate within a recognized business entity as opposed to a sole proprietorship or partnership. Benefits to performing business functions through an entity include minimizing personal liability, flow through taxation, some degree of anonymity, greater asset protection, and business credibility.
Selecting the appropriate entity in which to operate a business according to the specifics of the owners and business is critical to achieving the maximum liability shield, tax benefits, and business efficiencies. It is also important that formation documents be customized to achieve maximum benefits as well. Some common business entities used in Texas are listed below:
- S Corporation
- Professional Corporation
- Limited Liability Company
- Series Limited Liability Company
- Limited Partnership
- Family Limited Partnership
While it is true that some consumers will be able to successfully use form websites to create a business entity that will be approved for the state, failure to consult with an experienced business attorney about the appropriate entity and customized formation documents can have severe negative consequences. Feel free to use the form below to request a free consultation with a lawyer or call our office during regular business hours.