Business Formation
Determining the correct business structure is an essential component for establishing a successful business. Options for the different types of businesses an aspiring business owner can form in Texas include: General Partnerships (GP), Limited Partnerships (LP), Limited Liability Partnerships (LLP), Limited Liability Company (LLC), Professional Corporations (PC), and many more. Which formation is right for a potential business owner depends on a number of factors, such as: the size of the business, the type of products or services offered, the liability of the business’s partners or members, varying tax implications, and many other considerations unique to each business.
Depending on the type of business structure a person chooses, the accompanying partnership or company agreement can be just as crucial to the success of the business. These types of agreements act as a contract for your business and outline fundamental terms and rules, which will include things such as: profit and loss distributions, capital contributions, each member / partners rights and responsibilities, or even methods for notice and contact. The terms within these agreements are flexible and are uniquely tailored to the specific business. These agreements should be an indispensable part of every business formation process, and need to be handled with extreme care and expertise in order to act as an appropriate guide for the business.
What can this firm do for you?
Starting a business can be an exciting prospect, however this firm understands that the business formation aspect can appear to be a daunting and overwhelming endeavor... but it doesn’t need to be. Nobilo Law understands the questions you may have and the complexities you will face when starting your own business. This firm aims to help you create the business entity that is right for you. We understand our clients are busy and that the business formation element can be time consuming. Therefore, this firm strives to ensure we cover the formation side of things, which allows our clients to focus their time and energy on running their business.
Nobilo Law will assist you in deciding which business entity you should form. This firm will also handle the required state filings and will draft and prepare the appropriate company or partnership agreement that will act as a guide for your business. This will serve as a binding contract for your business and potential partners – all uniquely tailored to you and your specific business. Our goal is to help you get your business running quickly and efficiently so you can start achieving your professional goals.