An experienced business lawyer can help you through the process of LLC formation. We will listen to your needs and goals and guide you as you form a new company. We have experience with the legal documents necessary to form an LLC, and we can make sure you don’t miss anything. Call Brylak Law today at (210) 405-6321 today to learn more about LLC formation.
What Is an LLC?
A limited liability company (LLC) is a business that has characteristics of both corporations and partnerships. Its structure is flexible, allowing members to develop a company that best suits their needs. One of the biggest benefits of a LLC is that it offers limited liability to its members regarding taxes, lawsuits, and more.
LLCs may be either member-managed or manager-managed. In a member-managed LLC, all members take part in the decision making process. However, in a manager-managed LLC, a designated individual or group of individuals like a board of directors makes decisions for the company.
Many small businesses and families form LLCs when they are seeking professional organization of assets and shelter from liability from various organizational responsibilities. Although an LLC is less complex than many other business structures, it still requires legal knowledge to navigate LLC formation.
Forming an LLC in Texas
When you decide to start a business, you will face issues regarding formation, taxes, members, and other startup questions. Our lawyers have a working knowledge of Texas Secretary of State requirements and can make sure you meet all obligations to LLC formation in Texas.
We can help with the following LLC formation issues:
Selecting a Business Structure
Sometimes determining how to structure your business can be the first challenge in starting a company. We will evaluate your situation and subsequently help you understand your legal options.
Certificate of Formation
One of the first documents you will need to file with the Texas SOS will be a certificate of formation. We can guide you through the process and take care of complex processes for you.
You must register as an LLC with the State of Texas. Brylak Law can guide you through this process as well.
Owning a business can be exciting, however, you may have questions regarding eligibility. You do not have to be a U.S. citizen or Texas resident to become a member of an LLC. Additionally, there are no age restrictions for members.
Every company in Texas must have a registered agent. A registered agent is a person who is a Texas resident or an entity that is registered in Texas or qualified to operate in the state. Responsibilities include communication with Texas government agencies regarding the LLC.
When you start a business, you must determine what type of organizational structure you will follow. We can help you understand both the risks and benefits of each option in your situation.
An important document to an LLC is the operating agreement. Much like bylaws of a corporation or a partnership agreement, an operating agreement establishes the rules which govern the company.
Organizational Meeting & Minutes
After LLC formation with the Texas SOS, you must call an organizational meeting must to deal with the operational needs of the company. At this organizational meeting, a President, Vice-President, Treasurer, and Secretary are selected.
Advantages of LLC Formation
Most people who start an LLC are seeking the many benefits of a limited liability company. Protection against things such as tax liability and lawsuits can offer many advantages for members of a LLC. Personal assets are often protected from the debts and other obligations of the LLC. Even probate can be avoided with the appropriate formation of a LLC.
In order to benefit from the advantages of LLC formation, you must form a company appropriately. That means that you must have a purpose and organizational documents for your organization that comply with the law. Our LLC formation lawyers can help you navigate the business formation process to make sure you meet all requirements of Texas and federal laws.
Contact an LLC Formation Lawyer Today
When you’re forming a business, you need to understand all the requirements and obligations of startup. We have helped countless companies file necessary documents with the Texas Secretary of State as well as develop organizational documents that establish the guidelines for company operation. Contact an LLC formation lawyer at Brylak Law today to find out more about the process of starting your company. Call us at (210) 405-6321.