Business Formation

Current and potential business owners are encouraged to meet with an experienced attorney to review available options associated with the organization of their business pursuant to the Texas Business Organizations Code. Organizing under a permissible structure may provide owners with a higher level of liability protection, asset protection and tax benefits than simply operating as a default sole proprietorship or general partnership.

During your initial meeting with Mooney Law Firm, PLLC, we will review the following types of entities with you and answer your questions regarding the formation process:

  1. Sole Proprietorship
  2. General Partnership
  3. Limited Partnership
  4. Registered Limited Liability Partnership
  5. Registered Limited Liability Limited Partnership
  6. For-Profit Corporation
  7. Not-For-Profit Corporation
  8. Limited Liability Company

If your business provides services which require a license, you may be required to operate under a professional entity such as the following:

  1. Professional Corporation
  2. Professional Limited Liability Company
  3. Professional Association

As you can see, the decision to take advantage of the benefits provided under the Texas Business Organizations Code can be complicated. Each type of entity provides certain benefits and may have unique restrictions. All available options should be carefully considered with the advice and guidance of your attorney and accountant.

“The information provided on this website is for educational purposes only and shall not constitute legal advice or guidance from Mooney Law Firm, PLLC. No attorney client relationship is created between Mooney Law Firm, PLLC and the website visitor through the review or use of any information provided herein.”

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