What is an LLC?

Find the right LLC attorney in Garland, TX

The Limited Liability Company, or LLC, is a legal business structure that seeks to combine advantages from across several other traditional business forms. Limited liability is an advantage that the LLC shares with the corporation, but instead of being taxed as its own entity, it is viewed more like a sole proprietorship or partnership for tax purposes. Like a corporation, a LLC can have unlimited shareholders, called members. But a main difference is if one of these shareholders dies or files for bankruptcy, the LLC is dissolved and will stop operations unless the remaining members form a new 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?

A business in Texas can be organized using the form that it chooses. If the founders want to organize as an LLC, all that is necessary is filing the appropriate form with the Secretary of State. However, fees are frequently required to form a LLC. The actions of LLC's as well as the costs for operating them are determined by Texas law. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business might take some effort to find, but finding the right business form can reward you with increased profitability.

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

Under particular conditions, a business in Garland may change its form. Eligibility for conversion to a LLC is determined by Texas law.

How Can an Attorney Help?

Whether it would be beneficial for your business to form or convert to a LLC is a difficult decision. An attorney practicing business law in Texas can give you valuable advice.

Talk to a Business Law Attorney now!

Life in Garland

Garland is located northeast of Dallas, Texas. It is located in Dallas County, with some areas in Collin County. Per the 2010 census, it has a population of 226,876 people.

Interestingly, CNN and Money Magazine included Garland in its "Top 100 Places to Live" list, ranking it sixty-seven.

Top employers include Sears, Atlas Copco, Raytheon Intelligence and Information Systems, Danaher, General Dynamics, Kraft Foods, L-3 Communications and US Foodservice. The legal industry also has a potent presence because many well-experienced attorneys call Garland home. Thus, businesses and residents need not travel far to receive excellent legal services.

Some great sites to check out is the Historic Downtown Garland, Patty Granville Arts Center, The Plaza Theater, Pace House and The Garland Opry.

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