At The Biggers Law Firm, P.C., we provide pragmatic, experienced legal counsel to entrepreneurs and business owners as they meet the legal challenges of starting, owning and operating a business. We counsel entrepreneurs and professionals at every stage of the business life cycle, guiding them through the process of choosing the proper business entity, setting up the necessary contracts and implementing business strategies that are both profitable and legally sound.
Our attorneys can help you structure your business in a manner that best suits your unique needs and protects you from legal and financial liabilities. The first step in creating a successful business is choosing the appropriate type of entity to form. Texas law provides for many types of organizations, each of which has various benefits depending on your business’ size, mission, and ultimate goals, for example:
- Corporations – One benefit of forming a corporation is that the owner or owners have limited personal liability for business activities and debts. Also, many business owners appreciate the established power and management structure of the corporate form, which consists of directors, officers, and shareholders. However, before establishing a corporation, entrepreneurs must consider the time, cost, and potential tax implications of incorporation, and also whether the formalities truly fit your business plan.
- Limited Liability Companies (LLCs) – LLCs offer protection from personal liability for business debts and a pass-through tax structure, which means that an LLC is not considered separate from its owners for tax purposes. Small businesses often prefer the relative simplicity and flexibility of LLCs to corporations; however, LLCs work best with only a few investors who will be active in operating the business, rather than multiple investors from the general public.
- Partnerships – A partnership is the simplest and least expensive co-owned business structure to create and maintain; however, with general partnerships, partners are personally liable for all business debts and obligations. Under Texas law, business owners can also form limited partnerships and limited liability partnerships which shield some or all partners from personal liability for any claims brought against the business.
The Biggers Law Firm offers small business owners comprehensive legal support that accommodates all stages of business progression, from a new venture to an established institution. When establishing your business, our attorneys can ensure that you meet all of the legal requirements for the entity that you have chosen, as well as creating prudent business protection strategies such as buy-sell agreements with business partners, confidentiality agreements, and non-competition agreements.
Our attorneys have significant experience in the area of business reorganization, and have guided clients through successful mergers, acquisitions, conversions, asset sales, and similar transactions. When your business goes through any type of change, careful compliance with state and federal laws is crucial, especially when determining the tax implications of a particular course of action. We can help to make sure that your business stays legally aboveboard throughout even the most complicated transition periods.
As your business develops, our attorneys can help you overcome any obstacles you encounter along the way. During our decades of practice, the Biggers family has earned a reputation for successfully handling the myriad of legal issues that small businesses confront. In the area of risk management and consulting, we offer seasoned foresight and knowledge coupled with proven legal experience and business acumen in guiding our clients through issues they should anticipate in the course of doing business. This invaluable forethought and planning can help prevent future disputes and litigation.
Our dedicated attorneys can provide entrepreneurs with the information and resources necessary to establish and operate their business ventures in the most successful manner. Our counsel encompasses the full range of legal issues encountered by business owners, including issues with contracts and transactions, intellectual property, commercial litigation and dispute resolution.
Contact Our Experienced Business And Corporate Law Attorneys Serving Dallas
To arrange a consultation with the proven business lawyers of The Biggers Law Firm, P.C., please contact us through this website or call our office in Dallas at 214.252.1900.