To comply with the law when incorporating a professional practice, establishing a partnership, or starting or taking over a small business, you will need to follow formal procedures and file documentation. Our attorneys at Begum Peláez-Prada PLLC could help.
We have decades of experience providing corporate governance solutions in San Antonio for professionals and entrepreneurs. We could ensure you understand the applicable law and create corporate documents to support your business and help it grow.
When starting a business, one of your first decisions will be how to structure it. The various corporate forms have advantages and disadvantages.
If you have a license to practice a profession such as medicine, dentistry, law, or accountancy, you may structure your practice as a professional limited liability company (PLLC). A PLLC protects individual members of the firm from personal liability for the malpractice or negligence of other members.
Many small businesses incorporate as limited liability companies (LLCs), corporations, or one of the several forms of partnership. Our San Antonio attorneys will listen to your business goals and explain the various options for realizing them through your corporate management.
Multiple legal documents and agreements govern the formation of a San Antonio company, regardless of which business structure solution you choose. Some of these are required by law, and others are necessary for the smooth operation of your business.
A corporate structure is often preferable for businesses hoping to expand or eventually go public. Articles of incorporation are necessary to establish the corporation’s purpose, and Texas Business Organization Code § 21.957 requires the initial board of directors to approve bylaws. You must submit these documents and report the names of the initial board of directors, the incorporator, and the designated agent for service of process to the state.
LLCs are business entities that do not intend to raise funds through stock sales. When the business purpose is to provide professional services, the members must all be licensed to practice the profession, and the entity is called a PLLC.
Although not legally required, these entities should have operating agreements, also known as company agreements. Sasha Begum, or one of our team, could craft a company agreement that reflects your vision and goals.
State law offers several options if you want to form a business partnership: general, limited, limited liability, and limited liability limited partnerships. The appropriate form depends on the type of business you intend to conduct and several other factors.
Clear expectations and procedures are required for the smooth functioning of any form of partnership. We could guide you as you consider how you want your business to function and memorialize your intentions in a partnership agreement.
Our legal services encompass more than just drafting the required documents. We could provide shrewd guidance to help you steer your business toward success.
With over 20 years of experience working in cross-border and international corporate arenas representing businesses of all sizes, our team of San Antonio attorneys knows how to solve all your commercial governance problems. We could help you design a compensation structure, develop a succession plan, create buy-sell agreements, and assist with legal and regulatory compliance.
There are multiple issues you must consider and steps you must complete before you can open for business. Skilled legal counsel could manage these tasks efficiently and cost-effectively.
At Begum Peláez-Prada PLLC, we have extensive experience with corporate governance solutions in San Antonio and its environs, including Dreamhill Estates, Los Jardines, Olmos Park, Prospect Hill, Terrell Hills, and Tobin Hill. Reach out today and let us help you with your commercial legal needs.
