What is an LLC?

Find the right LLC attorney in Richardson, 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. An LLC can also have an endless amount of shareholders, like a corporation. However, the LLC is dissolved if one of those members dies or files for bankruptcy. Limited liability has traditionally been a primary goal of many business forms, but since the legislature authorized it in Texas, the modern LLC has become increasingly popular.

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 just by filing the appropriate form with the Secretary of State. However, some charge additional fees for the formation of LLC?s, and in Texas there are certain laws that govern the actions of LLC?s. In deciding whether you should organize as an LLC, you should consider carefully the applicable laws. Finding the right business structure for your company may lead to increased profits, but the process may take some time.

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

Businesses in Richardson might sometimes change form. A company is eligible for conversion to an LLC if its situation falls under circumstances that are detailed by Texas law.

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 Richardson

With a population of just 100,000 residents, Richardson, Texas is one popular place to live. Located in Dallas and Collin Counties, Richardson comprises 28.6 square miles and is easily accessible from the Dallas Fort Worth airport. Business Week recently recognized Richardson as one of the top cities to raise kids in Texas.

Known as the "Telecomm Corridor," Richardson is home to over 5,000 thriving businesses, many of which are the world's top telecommunications providers including: ATT, Verizon, Cisco Systems, Samsung, and Fujistsu. Not surprisingly, Richardson has been ranked one of the top cities to work for commuters.

In addition to telecommunications, Richardson is also home to some top lawyers. Trained locally and out of state, Richardson lawyers are some of the best in the business and enjoy living and working in the wonderful city of Richardson. Richardson lawyers are skilled in a range of practice areas and always available to help their local client with whatever legal issue he or she is dealing with.

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