What is an LLC?

Find the right LLC attorney in Waxahachie, 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, the LLC can also have an endless 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. 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?

Texas allows a company to incorporate using the business form it chooses. To start as an LLC, a company just files the necessary 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. You should consider these laws when deciding whether to organize your business as an LLC. Finding the right business structure for your company might take some effort, but it will ultimately make your business more profitable.

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

Businesses in Waxahachie 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?

A lawyer versed in Texas business law will be able to advise you of the advantages and costs for forming and maintaining a LLC.

Talk to a Business Law Attorney now!

Life in Waxahachie

The city of Waxahachie, Texas isa suburb of the state capital of Dallas and houses a population of just under 22,000 residents. Waxahachie is an easy thirty mile drive to Dallas, making the suburb a popular place for the city worker to live. Waxahachie comprises almost forty two square miles. The city gets its unique name from the Native American word for "cow creek" or "buffalo creek." The city's economy is very industry-based, although there are also two universities located in Waxahachie: Southern Assemblies of God University and Navarro College. Early College High School, located in the heart of Waxahachie is considered one of the top high schools in the state of Texas. The city is also the site of an annual Renaissance fair that draws international attention. Waxahachie also has some notable legal landmarks. The Richardsonian Romanesque Courthouse, which is considered to be best of Texas' older courthouses is located in Waxahachie. With such a pretty location to practice, it is no wonder that there are so many great lawyers located in the city limits. Waxahachie lawyers are skilled in a range of practice areas and able to help their local client with any legal issue he or she is confronted with.

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