Forming an LLC
A Limited Liability Company (LLC) is a legal entity that can be formed by one or more individuals, depending on the state. When an owner or owners decide to form an LLC, they are granted limited liability protection. This means that a member can limit his or her liability based on the amount he or she invests, or on the amount specified in the agreement.
Forming a company can involve several aspects of business law and tax law that make it seem quite complicated. If you are considering forming an LLC, talk to an experienced business formation expert at Texas Legal Entities today.
How LLC’s are Formed
Forming an LLC is a nice middle ground for individuals who want the legal protection offered to a corporation with the management flexibility of a partnership. The owners who decide to form the LLC will be designated as members and may decide to manage their own company as a member-managed LLC. This allows the owners to run the business themselves.
To form an LLC, the owner or owners must file with the Secretary of State of the state in which they plan to establish the LLC. This is completed by filing an Articles of Organization, along with a state fee. The Articles of Organization serves as proof of the company's existence as an LLC.
Contact Us
If you are interested in forming an LLC, an experienced business lawyer can provide sound legal advice and help you successfully complete the filing procedure. Contact the legal experts at Texas Legal Entities today at 512-472-2431.
At any time, please feel free to ask us a question. It's FREE!