Lolla Stovall —Your Business Formation Lawyer in Houston
One of the most important steps for a business is deciding to form a business entity. The second most important step is formalizing your relationship with partners and lenders through the key entity agreements. While businesses in Texas can take on various forms, and each form has different strengths, an LLC is currently the most popular type of entity in Texas as it combines the features of a partnership and a corporation. The liability of members is limited to their initial investment, while the members enjoy the same pass-through tax treatment as partnerships and S-corporations. Additionally, the initial registration fee charged by the Texas Secretary of State is $300, with extra fees common for name search and name reservation.
While it is advisable to put an LLC agreement in place at the time of the LLC formation, in absence of an agreement, the relationship among the LLC members is governed by the Texas Business Organizations Code. Though low-cost entity agreement forms are readily available online, experienced business attorneys at our firm can tell you which disagreements most commonly arise among business partners and can help you plan for those contingencies when designing your agreement. We provide the following business entity formation services:
- Entity Selection and Name Reservation
- Registration Filings
- LLC Operating Agreements
- Articles of Incorporation and Bylaws
- Shareholder Agreements
- Partnership Agreements
- Buy-Sell Agreements
- Member and Partner Buy-Outs
- Member/Shareholder/Director Authorizing Resolutions
- Notices of Annual and Special Shareholder/Member Meetings
If you are forming a new business entity, protect your business investment and avoid common legal pitfalls. Contact Lolla Stovall — your business formation lawyer in Houston.