What is an LLC?

Find the right LLC attorney in Tyler, 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, the LLC can also have an unlimited amount of shareholders, called members. Unlike a corporation however, if a member dies, files for bankruptcy, or otherwise leaves the LLC, the company is dissolved. Various forms of limited liability companies have been around for hundreds years, but the modern LLC, like the legislature enacted in Texas, became more popular in the past several decades.

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?

Businesses in Tyler may 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 attorneys practicing business law in Texas.

Talk to a Business Law Attorney now!

Life in Tyler

Tyler is located in Smith County, Texas. Its nickname is the "Rose Capital of the Nation" because the city has so many rose bushes everywhere! It is also home to America's largest rose garden. The city also annually hosts the Texas Rose Festival, an event that celebrates rose-growing industries. There is also a Rose Museum that is a popular tourist attraction.

Top employers include Trinity Mother Frances Health System, Brookshire Grocery Company, Trane Company, Carrier Corporation, Suddenlink, Tyler Junior College, The University of Texas at Tyler and East Texas Medical Center. Tyler is also home to many attorneys who have established law offices. Thus, the legal needs of residents and businesses will always be met

All in all, Tyler is a quaint city that offers small-town charm and a lovely hospitable, community-like feel.

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