BUSINESS FORMATION & MAINTENANCE

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FORMING A NEW BUSINESS ENTITY? What you need to know. There are several choices as to which form of entity to select and each type may provide your new venture with an avenue by which to conduct your operations.  The first thing you should do is talk to you CPA or other tax advisor as the choice of business entity may have differing tax consequences.  Once you have discussed the form of the entity through which you decide conduct your business, this firm can provide the necessary services to properly form your new company.  The basic listing of entities to choose from include, but is not limited to the following: Sole Proprietorship, Corporation, Limited Liability Company, General Partnership, or Limited Partnership.  Each entity is different and some provide protection from personal liability.  Formation in Texas is not required and this firm has experience forming entities in other states as well. There are many services available which purport to set up new companies; however, it is preferable to get it right the first time rather than having to go back and fix errors and omissions created by sub-standard alleged entity formation service providers who are not professionals.  These companies generally fail to provide all of the necessary documentation for proper formation of a new entity and do not provide you with the requisite legal knowledge regarding proper maintenance of corporate formalities.  Generally, the failure to comply with the necessary corporate formalities can result in the elimination of the personal protection afforded by a business entity. You will need to determine where you wish to conduct your business and whether or not you elect to form your entity in that Texas or otherwise.  You will need to determine who will serve as your registered agent as well.   What this firm can do for your new company. This firm has experience forming new business entities and can draft and file all of the necessary filings to properly form your new company.  Additionally, this firm will draft your company's governing documents (such as Bylaws for a corporation), supply a corporate book for maintenance of all of the company's documents and filings, advise on obtaining a federal tax identification number, advise on elections to be made by the company under federal law, provide interest owner certificates (shares in the event of a corporation) and provide advice on the proper documentation of issuance and transfer of ownership, provide initial resolutions (including banking resolutions) so as to get your business started, and provide all of the business formation advice necessary to get your company started.         ALREADY HAVE A BUSINESS?  In the event you have an existing business, you should ensure that you are in compliance with all of the necessary corporate formalities so as to protect your assets and the assets of the company.  Client's have come to this firm after having another party allegedly set up their company only to find that the necessary formalities have not been followed.  Have your governing documents properly prepared?  Have the shares or certificates been properly issued?  Has any transfer been properly documented?  Are restrictions on share transfer properly addressed?  Is there a Shareholder's Agreement and is it enforceable?  What happens to the company if a shareholder dies? Are Spouses potential claims addressed under community property laws?  Do you have employees  and does the company have enforceable non-disclosure and/or non-competition agreements with those employees?   What this firm can do for your existing company. This firm has experience in maintenance of existing business' requirements.  Whether your company needs representation on a pending legal matter, advice on corporate formalities, advice and/or representation regarding dissolution of a company, or just general legal counsel, this firm can assist.  If your company wants to do business in another state, this firm can provide representation to properly qualify your company to be authorized to conduct business in Texas or elsewhere.  If you have elected to convert your company from one form to another, this firm can assist you with the necessary documentation.   In the event you have a need for new entity formation or for representation of an existing entity, please do not hesitate to call or email.

*Not certified by the Texas Board of Legal Specialization.       This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Any and all  information you obtain from  this website is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.  This site is for informational purposes only and any attorney client relationship will only be established by the mutual execution of a written agreement setting forth the terms of any representation between the attorney and the client.   Any questions regarding this site should be directed via email to Last updated January 15, 2007 © by Gary J. Holloway. All Rights Reserved. Gary Holloway Attorney at Law and Mediator practices in Dallas Texas and Plano Texas Richardson Texas Garland Texas and serves the entire North Texas area.  If you need a Texas energy lawyer, Texas energy attorney, Dallas County lawyer, Dallas County attorney, Collin County lawyer, Collin County attorney, Rockwall County lawyer, Rockwall County attorney, Denton County lawyer, Denton County attorney, North Texas lawyer, North Texas attorney, Dallas mediator, or dallas mediation, I would like to discuss how I may assist you with your legal needs in areas of general civil litigation and commercial litigation. I would like the opportunity to be your Plano business lawyer, Plano oil and gas lawyer, Plano oil and gas attorney, Plano energy lawyer, Plano energy attorney, Dallas oil and gas lawyer, Dallas oil and gas attorney, Dallas energy lawyer, or Dallas energy attorney, Texas energy lawyer, texas energy attorney, grayson county oil and gas attorney, grayson county oil and gas lawyer, Plano corporate lawyer, Plano corporate attorney, Plano general civil attorney, Plano civil defense lawyer, Plano civil defense attorney, Plano collection attorney , or Plano general civil lawyer.  I can also assist in the area of corporate records, corporate minutes, formation of business entities (including formation of corporation, formation of limited partnership, formation of limited liability companies, formation of limited liability company), oil and gas law, energy law, Dallas oil and gas law, Dallas energy law, trade secret, covenant not to compete, deceptive trade practice, and Plano civil defense.  Even if you just need some general legal advice on civil matters, I am here in Dallas Texas Dallas County Texas to serve your legal needs in the North Texas area and look forward to the opportunity to be your plano lawyer plano attorney or plano mediator. I can also help with your needs in the capacity of plano mediation lawyer or Dallas mediator. plano trial lawyer collin county trial lawyer collin county litigation attorney collin county litigation lawyer plano litigation attorney plano litigation lawyer plano mediation lawyer natural resources law natural resources lawyer natural resources attorney dallas business lawyer dallas business attorney dallas commercial lawyer dallas commercial attorney rockwall business lawyer rockwall business attorney plano litigator collin county litigator LLC formation limited liability company formation dallas partnership formation partnership agreement dallas partnership lawyer dallas partnership attorney dallas corporate attorney Dallas corporate lawyer Dallas trial lawyer dallas trial attorney dallas litigation attorney dallas litigation lawyer dallas mediation lawyer dallas mediation attorney dallas mediator rockwall trial attorney rockwall trial lawyer rockwall litigation attorney rockwall litigation lawyer rockwall mediation rockwall mediator Texas energy lawyer Texas energy attorney plano mediation lawyer plano mediation attorney garland partnership attorney garland corporate attorney garland corporate lawyer garland trial lawyer garland trial attorney garland litigation attorney garland litigation lawyer garland mediation lawyer garland mediation attorney garland mediator mesquite partnership attorney mesquite corporate attorney mesquite corporate lawyer mesquite trial lawyer mesquite trial attorney mesquite litigation attorney mesquite litigation lawyer mesquite mediation lawyer mesquite mediation attorney mesquite mediator richardson partnership attorney richardson corporate attorney richardson corporate lawyer richardson trial lawyer richardson trial attorney richardson litigation attorney richardson litigation lawyer richardson mediation lawyer richardson mediation attorney richardson mediator fort worth oil and gas lawyer fort worth oil and gas attorney fort worth energy lawyer fort worth energy attorney fort worth energy law firm fort worth energy lawfirm Dallas energy lawfirm Dallas energy law firm Dallas energy lawyer dallas energy attorney denton energy attorney denton energy lawyer denton energy lawfirm denton energy law firm