BUSINESS LAW

Navigating Texas business law can be difficult. There are specific standards to which businesses must adhere. Making sure that a business stays up to date and in compliance with all Texas business standards is a lot to navigate on your own. As a business owner, it is usually wise to focus on running the business and moving the business forward, while allowing an experienced attorney to make sure that the company is in compliance with current Texas law.

Vance E. Hendrix practices business law, handling a wide array of business related legal issues, including:

Business Formation

Choosing an appropriate entity is the first. Whether you wish to operate your business as a corporation, LLC, or partnership, it is essential to seek legal counsel as well as consult with your accountants to determine what type of entity is most appropriate for your situation. In addition to consulting with legal experts and accountants there are several factors to consider including business goals, employees, growth opportunities, availability of capital, and liability concerns.

Common Texas entities include:

Limited Liability Company (LLC)

Limited liability companies (LLCs) are often established to limit a member’s personal legal liability. LLCs are very popular and versatile and can be used for a variety of types of businesses in Texas.

C-Corporation

A C-Corporation (C-Corp) is a legal entity where shareholders own shares or stock in a legal entity, but they do not own the assets of the C-Corporation.

Professional Corporation

A Professional Corporation is a corporation whose members are all professionals. For example, a group of physicians may wish to form a professional corporation where Shareholders of the Corporation are limited to other physicians. The company agreement in such instances would prohibit shareholders who were not also physicians or some other professional designation.

Partnerships

There are several types of partnerships, including general partners (GP), limited liability partners (LLP), and limited partners (LP). Additionally family limited partnerships (FLP) may also be established.

Business Representation

Starting a business takes a lot, and knowing every part of the legal side of it can get confusing quickly. Every business owner needs someone who can give them quality legal advice – a person who will listen to their questions and take time to understand the nuances of their business from the very beginning.

Vance E. Hendrix prioritizes listening to his clients. When starting a business, you’ll need more help than you will once you are up and running. Vance E. Hendrix can help you with everything you need to get started. This may range from questions about limiting legal liability and applicable local, state, and federal laws and regulations.

It may feel daunting at first, but once you know you have someone on your side, advocating for you and helping you put your best foot forward, you can be confident and at ease.

Call Vance E. Hendrix today to schedule a consultation. As a result, you can get the representation you need from a business law attorney you can trust.