One of the most important decisions you will need to make when setting up a new business is determining what type of legal entity the business should become. You can set up your new business as a corporation, partnership, sole proprietorship, limited liability company (LLC) or an S corporation. Each form of business organization has both its advantages and disadvantages. You may also find that organizing your business in a different County or even a different state (and then registering the business in the state of Texas) will enable you to reap tax benefits that you would not qualify for otherwise.
Because changing the business type and the state of its organization is difficult if not impossible in most cases, it is important to get it right from the start. Our legal team at Carvajal Smithwick Garcia, LLP can help you go over your options, point out the pros and cons of each one and choose the business organization that is best for you personally. We can also familiarize you with the tax laws, liability laws and other business laws that would apply to your new business set-up and help you fill out the forms you would need to submit in order to run your new company.
While it costs money to hire expert legal help to set up your new company, the cost of making a mistake in the early stages of business creation can be steep. Choosing the right business type and becoming familiar with local, state and federal laws that apply to your company can mean the difference between success and failure for your new business. We encourage you to let us help you as you get your company off the ground, ensuring that you not only have sound legal advice but also saving you the time and hassle of having to deal with tedious legalities, thus freeing you to meet new clients, network with potential business partners and market your goods and/or services.