What is an LLC?

Find the right LLC attorney in Socorro, 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. Many business forms have traditionally 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 just by filing the appropriate form with the Secretary of State. Fees are regularly charged for opening LLC's, however, and Texas law determines the costs for creating LLC's. 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?

Changing business forms in Socorro 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 lawyers practicing business law in Texas.

Talk to a Business Law Attorney now!

Life in Socorro

Located in eastern El Paso, Texas, Socorro is a city that is full of Texas charm. Socorro is home to just under 28,000 residents. The land-locked city is located on just under eighteen square miles. Adopted in 2001, Socorro has a city manager form of government.

Socorro's average resident is twenty six years old, with more women than men living in the city. Many of the city's residents work in the service industries. There are also a lot of land developments starting in the Texas town, which will provide work and growth for Socorro.

Another notable aspect of Socorro, Texas is the strong legal community. In addition to other Socorro professionals, Socorro lawyers are also ready and available to help their fellow citizens. The range of practices that Socorro lawyers are skilled in is practically limitless. Whether facing a small or large legal issue, Socorro lawyers are available to give you the best possible representation.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA