An LLC Company or Operating agreement is a legal document that outlines the governing structure of the LLC and provides a blueprint for running your business. It lays out the rights and duties of each owner. An attorney will craft a Company/Operating agreement for your LLC or other entity election, taking into account your tax […]
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LLC versus S Corporation: What Are They and How Are They Different
Business entities and tax structures can be complicated. Understanding them can save you and your company time, money, and potential headaches in the future. Our attorneys can explain the pros and cons of the various business entities so you can choose the best one for your company. Choosing the best tax structure for your company […]
How to Make a Change in Business Ownership
Making a change in business ownership is a lengthy and complex process, even for a simple business sale. Businesses can be sold to an individual or company outright or sold by allowing the buyer to make payments. Depending on the type of business, the new owner may need to apply for a Texas sales tax […]
The Advantages and Disadvantages of Sole Proprietorship
The Advantages and Disadvantages of Sole Proprietorship There are both advantages and disadvantages of sole proprietorship — so it’s important to know when the benefits are overshadowed by their limitations, particularly with regard to personal liability. There are many considerations, including tax advantages, protections, etc. As business lawyers, we can guide you in deciding which […]
Business Contracts
There are some cases where a party is legally excused from performing its contractual obligations. This can happen when a contract becomes impossible to perform due to unforeseen circumstances. Other times, contracts can be rescinded in cases of fraud or misrepresentation. If an issue has arisen that might affect your ability to fulfill your duties […]