What is an LLC?

Find the right LLC attorney in Mcallen, TX

The Limited Liability Company, or LLC, is a legal business structure that seeks to combine benefits 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 treated more like a sole proprietorship or partnership for tax purposes. Like a corporation, a LLC can have unlimited shareholders, called members. But a key 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. Many business forms have historically been aimed at the goal of limited liability, but the LLC is the most modern of these forms, having become popular since the enactment of laws in Texas that authorized its formation.

Can My Business Be Formed as an LLC?

The right business form is a decision left up to each business that openes in Texas. An LLC is started simply by filing the appropriate form with the Secretary of State. However, there may be an additional fee required for forming your LLC, determined by Texas laws that govern the formation and actions of LLC's. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business may 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?

Changing business forms in Mcallen can be done if a company's situation meets certain conditions. Conversion to a LLC is possible if Texas law permits it in your situation.

How Can an Attorney Help?

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

Talk to a Business Law Attorney now!

Life in Mcallen

McAllen, Texas is the largest city in Hidalgo County, having a population of more than 100,000 people.

McAllen, Texas was recently ranked by Forbes Magazine as having one of the best real estate markets in the U.S. It is currently designated a Foreign Trade Zone by the federal government, which is basically a free port, meaning that goods from other countries can enter the U.S. without having to pay customs duties.

Thanks to this free port, McAllen, Texas has a thriving retail sector, with many high-end retailers catering to American and Mexican shoppers, alike. This free trade zone also promotes a great deal of industrial activity on both sides of the border, benefiting both economies.

McAllen is a popular destination for dedicated bird watchers, as it lies on a migratory path that many different species of birds take from South America to North America. The rural areas surrounding the city provide excellent bird watching sites, along with a rich abundance of other wildlife.

If you are looking for a lawyer, and live in McAllen, Texas, chances are good that you'll be able to find one. There are many McAllen, Texas lawyers who can help you with almost any legal problem you might have.

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