Whether you are at the helm of a new startup or have been running a business for years, it can be beneficial to seek the support of skilled legal counsel. An attorney could help you at every stage of your business, from selecting the appropriate structure to navigating complex regulatory issues.
If you require a Houston business lawyer, Begum Peláez-Prada PLLC is here to help. Attorney Sasha Begum can answer your questions and guide you through the most complex legal issues or disputes. Reach out to our experienced business attorneys today to get started.
Choosing the right business structure is one of the most important decisions for any entrepreneur. The structure you select affects how your business is taxed, how decisions are made, and what level of personal liability you face. A commercial attorney in Houston could help you evaluate your options and form an entity that aligns with your goals. In this state, three of the most popular options include partnerships, limited liability companies, and corporations.
A partnership is a simple structure formed when two or more individuals agree to operate a business together. It offers flexibility in management and profit sharing because it is not a state-registered legal entity. The downside to this informal approach is shared liability, which means each partner may be held responsible for the business’s debts.
A limited liability company (LLC) combines the flexibility of a partnership with the liability protection of a corporation. Owners, known as members, are generally not personally responsible for the company’s debts. LLCs are popular because they offer simplified management and favorable tax treatment. That said, there are limitations on how many members an LLC can have.
Corporations are separate legal entities that offer the strongest personal liability protection. This type of structure has several benefits, including shielding stockholders from corporate debts and liabilities. Corporations are also the ideal structure for larger companies with the potential for numerous stockholders. However, there are major downsides to consider, including the possibility of being taxed twice on your corporate earnings.
Mergers and acquisitions can present exciting opportunities for growth, but they also come with significant legal, financial, and operational considerations. Our Houston corporate attorneys assist companies throughout this process, helping to ensure that key decisions are made with clarity and foresight.
One of the most valuable roles an attorney can play is conducting thorough due diligence. This includes reviewing contracts, financial records, intellectual property, and potential liabilities to help you understand the real value and risks of the transaction. Our team also assists with negotiating terms, drafting the necessary legal agreements, and coordinating with accountants, financial advisors, and other professionals involved in the transition.
Should questions or complications arise, we provide guidance to help keep the transaction moving forward in a way that supports your business goals. With careful planning and strategic insight, we help you navigate the process so your organization is well-positioned for the future.
If you are seeking experienced legal counsel to support your business, now is the right time to contact our firm. At Begum Peláez-Prada PLLC, we know how to help organizations of all sizes. From small family companies to major corporations, a Houston business lawyer from our team could advise you on the issues impacting your organization. Contact us today to schedule a confidential consultation with our team.
