Bryan, TX Business Formation Attorneys

Representing Clients Locally, Regionally & Nationally

Are you starting a new business? Forming a new business is an exciting time, but there are many essential decisions that must be made. The Bryan, TX business lawyers at Bruchez & Goss, P.C. can guide you through the process, answer your questions, and provide reliable legal advice.

Business Formation in Texas

When starting a business, one of the first decisions you will have to make is the type of business entity you will use for your organization. Texas recognizes a wide variety of business entities. There are advantages and disadvantages to each type of business entity and your choice will impact your business in many ways. We provide advice and guidance to help you select the right entity for your business.

The business entities recognized in Texas include:

• Sole proprietorship
• Partnership
• Limited Liability Companies (LLC)
• Corporation
• General partnership
• Limited partnership
• Limited liability partnership
• Professional entities
• Professional association
• Professional corporation
• Professional limited liability corporation (PLLC)

When choosing the best entity for your business, there are a few important factors to consider. How do you want to govern the business? Generally, a smaller organization offers more control over business operations. Will the business have one owner or multiple owners? Larger organizations may benefit from a more traditional corporate structure.

Tax Consequences for Your Business Entity

In addition to operations, the business entity you choose will affect how your business is taxed. Sole proprietorships and partnerships are pass-through businesses, in which the profits go directly to the owners and taxes are paid on individual tax returns. Corporations result in a type of double taxation, as the business profits are taxed at the corporate rate and income to shareholders is taxed as well.

Our business formation lawyers in Bryan, TX can help you consider the tax consequences of various entities and determine which entity is best suited for your business pursuits.