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Business Formation

North Texas Business Formation Lawyers Start You on the Path to Success

Reliable legal guidance for entrepreneurs in Denton and Flower Mound

Texas has one of the best business climates in the country, with low taxes, less burdensome regulations, a robust workforce, abundant energy and plenty of open space. But to take optimal advantage of all Texas has to offer, your company needs reliable, pertinent and timely legal advice from knowledgeable business attorneys. Hayes, Berry, White & Vanzant, LLP provides sound counsel at formation to help you avoid pitfalls that can negatively affect your operations and drain your resources. Drawing on decades of experience, we guide you through the formative stages to position your company for future success.

Choosing the appropriate entity for your new Texas business

An important early step in forming your business is choosing the most appropriate business entity to create. Texas state law provides for a variety of entities, including:

  • Sole proprietorship — The simplest business form to create and maintain, a sole proprietorship also provides the least amount of liability protection for the owner-operator. Company earnings are reported on the owner’s personal income tax return.
  • Corporation — As a wholly separate legal entity, a corporation provides owners with the greatest level of liability protection. Shareholders are only liable to the extent of their investment in the company. However, the regulatory burden is heavy, as corporations must file extensive paperwork with the state and pay taxes to the state and federal government.
  • Nonprofit corporation — A company that exists for a charitable purpose or for the public good can receive tax-exempt status from the IRS.
  • Partnership — This structure allows income to “pass through” the company to partners who report income on their personal tax returns. In a general partnership, there is no liability protection, so creditors can attach the personal assets of the partners. In a limited partnership, the general partner retains all control and assumes all liability. In a limited liability partnership, the partners receive some liability protection.
  • Limited liability company — An LLC is the most common form of small business entity filed in Texas. This entity provides the liability protection of a corporation with the tax advantages of a partnership.
  • Professional entities — Texas allows licensed professionals to join together in various entities, including professional associations (PA), professional corporations (PC) and professional limited liability companies (PLLC).

When deciding on the appropriate entity, you must consider numerous factors, including ownership, how you are going to raise capital, your exposure to liability, your business mission, taxation planning and overhead costs. A business attorney at our firm can examine your business plan and review all these considerations and more before you make a final decision.

Additional legal services for your new Texas business

Getting your business started on a solid foundation requires extensive preplanning. Our corporate lawyers assist with a variety of essential tasks, including:

  • Filings with the Texas Secretary of State
  • Governance documents
  • Employee handbooks
  • Regulatory compliance
  • Insurance coverage
  • Intellectual property protection
  • Permits and land use

Then, once your company is up and running, we continue to provide essential legal advice to enhance your prospects of business success.

Contact our knowledgeable North Texas lawyers for business formation advice

Hayes, Berry, White & Vanzant, LLP guides North Texas entrepreneurs through the businesses formation process. To start your business on a solid foundation, call us at 940-230-2386 or contact us online to schedule a consultation. We have four North Texas offices, located in Denton, Flower Mound, and Gainesville.

  • "Absolute best in the business hands down! Don White is absolutely amazing wouldn’t ever consider using anyone else, we highly recommend this firm!" - Alyssa McKissaack

  • "The best! Richard has been my family’s attorney for 35 years. Integrity best describes Richard Hayes." - John Grafa

  • "From my first meeting with Mr. Berry and his staff, I was immediately relieved. The bankruptcy process was explained to me simply and objectively and I was made to feel at ease through the entire ordeal. I was especially impressed by his helpful and knowledgeable assistant, Jackie Cox. I would hope to be able to retain Byron Berry for any future needs." - Anonymous

  • "Great Firm with Great Lawyers! It was a great pleasure working with William and his team." - Collin R. Geis

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