- Mansfield / Dallas-Fort Worth 2170 Matlock Rd. #110 Mansfield, TX 76063
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Getting in touch with a real estate lawyer from Farah Law Firm is the first step in giving you the asset protection you need. Don’t discover the value of such services after the fact.
Business Formation in Texas
In Texas, as with most states, businesses can be created and operated in a number of ways. The decision regarding which business structure is best suited for your purposes should be made by consulting with an attorney and considering issues such as taxation, liability, management, transferability of ownership interest, and formality of operation taken into account.
Types of Business Structures
Generally, businesses are created and operated in one of the following forms:
- Sole Proprietorship: The most common and simplest form of business entity.
- General Partnership: Created when two or more persons associate to carry on a business for profit.
- Limited Partnership: A form of business entity having one or more general partners and one or more limited partners.
- Limited Liability Partnership: Either a general partnership or a limited partnership that carries the minimum amount of Errors and Omissions Insurance and offers limited protection to the general partners.
- Corporation: A legal entity characterized by limited liability, centralized management, perpetual duration, and ease of transferability of ownership.
- Limited Liability Company: A distinct type of entity with characteristics of both a corporation and partnership.
The Farah Law Firm Can Help You Choose The Best Option For Your Business
The attorneys at The Farah Law Firm in Texas have years of experience forming and operating different business structures and are available to draft your formation documents to suit your individual needs. Contact one of our attorneys for a consultation to ensure that you choose the business structure that best protects your interests and suits your needs.
What Our Clients Say About Us
EDDIE G.
“Michael, I would like to express my thanks to you and your entire team for all your hard work in getting my case to a fair and generous settlement. I could not have asked for better legal representation for the long and nerve-racking process of my case. You are very compassionate, nice, and extremely good at what you do. I respect your dedication representing the victims of a personal injury cases.”
TINA L.
“The Farah Law Firm has an extensive knowledge of business entity transactions in Texas and had kept my transaction moving smoothly and in the right direction. Thank you Michael for making the process easy.”
ESSAM K.
“Michael drafted the lease that we will use for our commercial building. He had great communication, was readily available to answer any questions we had, and was very professional. He wrote us a lease that fit our need and I will definitely work with The Farah Law Firm again in the future.”
CHARLES B.
“I hired The Farah Law Firm for the non-traditional sale of my residential property. The Farah Law Firm’s professionalism and outstanding knowledge of residential transactions made the sale go smoothly. The Attorneys and staff at the Farah Law Firm were understanding and took the time to explain each step of the process. They will be the ones who I will refer to all my friends and family for any future legal endeavors.”
LALO T.
*Please note: Due to the costs involved and the favorability of land in Texas per contract and common law, we currently are not accepting residential tenant defense cases.
“I was referred to The Farah Law Firm by a friend of mine when I was injured in an auto accident. I am so glad that my friend referred me to Michael and his extremely helpful team. They were not only successful in getting my settlement but also helped me find great doctors to aid in my recovery from the accident. I highly recommend The Farah Law Firm.”