What is an LLC?

Find the right LLC attorney in Dallas, TX

The Limited Liability Company, or LLC, is a legal business structure that seeks to combine advantages from across several other traditional business forms. Like a sole proprietorship or partnership, an LLC is not taxed as its own entity. However, it still has the benefit of limited liability, the same as a corporation. Also like corporations, LLC's may have as many shareholders, or members, as it likes. Unlike a corporation however, the death or bankruptcy of one of the members will dissolve the LLC. Business forms with limited liability have existed for hundreds of years, but the modern LLC became more popular in Texas since the legislature enacted laws authorizing its creation.

Can My Business Be Formed as an LLC?

Businesses in Texas may organize using whatever form they choose. The office of the Secretary of State is the organization that accepts filings by those who want to open LLC's. However, fees are regularly required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Texas law. You should consider these laws when deciding whether to organize your business as an LLC. Finding the right business structure for your company might take some effort, but it will ultimately make your business more profitable.

Can I Change the Form of My Business to an LLC?

A business in Dallas may change its form under certain conditions. Whether or not a business is eligible for conversion to a LLC is a determination made by applicable Texas laws.

How Can an Attorney Help?

The decision of whether to form or convert to a LLC is best considered with the advice of local lawyers practicing business law in Texas.

Talk to a Business Law Attorney now!

Life in Dallas

Dallas is known as Texas's most exciting city. There is something for everyone to do here.

Families can enjoy a day at Six Flags, the Dallas World Aquarium, SpeedZone racing park, the Dallas Zoo, or the Dallas Arboretum. Other popular attractions include the Sixth Floor Museum, Heritage Village, Public ArtWalk Dallas!, and the Tourt 18 Golf Course. Overall, Dallas is filled with many people including families, young professionals, students, and the elderly. Therefore, there is something for everyone to enjoy in this lively city.

Dallas is also home to many large law firms with the best legal minds on its payroll. Moreover, Dallas also has many mid to small sized firms that can easily fulfill the legal needs of Dallas citizens. Overall, people in Dallas have it all, a lively city, great attractions, and a thriving legal industry.

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