Selecting The Right Business Entity For Your Needs
Important Considerations In Organizing A Business
Many businesses falter because they are not built on the right foundation. These limitations and vulnerabilities are only revealed as the enterprise grows and changes, and the owners encounter external threats and internal conflicts.
The Dallas law firm of Palmer Lehman Sandberg, PLLC provides solid guidance for forming or reorganizing business entities. Our business law attorneys assist with all facets of entity selection and ownership agreements. We help clients anticipate potential problems, consider personal liability and tax exposure, and make sure that partners and shareholders are “all on the same page.”
Business Structure Options Tailored To You
There are tandem concerns in the choice of business entity and the governing agreement among the stakeholders. Our knowledgeable lawyers will walk you through the key considerations for choosing the underlying structure of the business. We have helped clients form every type of entity and the companion agreements, including:
- Limited liability company (LLC) and operating agreement
- Corporation (S-corp or traditional C-corp) and shareholder agreement
- Limited partnership or limited liability partnership (LLP) and partnership agreement
- Family limited partnership (FLP)
- Sole proprietorship
We also counsel doctors, dentists, accountants, lawyers and other licensed professionals in business formation and startup. We can explain the merits and limitations of organizing as a professional corporation (PC), professional association (PA) or professional limited liability company (PLLC).
A Clear Direction And Shared Vision
The majority of new businesses are formed as limited liability companies. The LLC offers flexibility, more informal administration and other advantages over a corporation, but it is not necessarily the most suitable entity for your business. Our attorneys will help you make an informed choice about entity selection in terms of your personal goals, risk tolerance and investment, and in conjunction with the operating, shareholder or partnership agreement and the goals of the business and co-owners.
Learn More About Entity Selection And Startup
We counsel entrepreneurs, professionals, owners and executives in all industries, serving the DFW Metroplex and North Texas. Call us at 214-242-6444 or contact us online to arrange a consultation with our Dallas business entity selection attorneys.
We offer convenient office hours, flexible appointment times and reasonable fees. Visa, Mastercard and Discover are accepted.