Business Formation Managing Legal Compliance and Business Risks

Houston Business Formation Attorneys

Business Governance Lawyers in Texas

Hawash Cicack & Gaston LLP in Houston has a team of business lawyers who can assist and guide you through any legal process related to your business entity, whether a corporation, LLC, partnership, or sole proprietorship. Whether you are planning on starting your first business, want to expand a current business, or are an experienced businessperson starting a new business venture, we have the legal experience and insight on which you can depend. We can help you with business formation, andassist with governance of an established business entity. Make starting and running your business simpler for yourself by leaving the legal work to us.

For any questions about business formation, call (713) 589-7249 or use an online contact format any time.

Different Types of Business Structures

Do you have a specific type of business entity in mind for your new company? Or do you need help figuring out what structure makes the most sense for what you are trying to accomplish? Either way, our Houston business attorneys can provide the information, guidance, and counsel you require.

Five of the most common business types are:

  • Sole proprietorships: A sole proprietorship is a business enterprise that is unincorporated and is owned by a single individual. As a result of this direct ownership and control, there are no legal barriers between the owner and the business for matters of financial, corporate, or criminal liability.
  • Partnerships: If you intend on operating your business with another person or entity, then a partnership might be in order. When a partnership is established, each partner is expected to contribute resources to make the business succeed, and each can be held responsible for losses.
  • Corporations: Corporations are often the right entity choice if your business plans to take on new investors in the future, but they are also subject to corporate level taxation. It is highly advised that you only begin the process of forming a corporation with the direct guidance and counsel of trained and experienced business attorneys like ours.
  • S corporations: It sometimes makes sense to elect to have profits and losses passed through to company owners without being taxed at the corporate level.We will work with you and your accountants to determine if electing Subchapter S tax treatment of your corporation or LLC makes sense in your business’s circumstances.
  • Limited liability companies (LLC): A limited liability company is the frequent choice of new business owners because of their usually simpler management and pass-through of profits and losses to owners without separate corporate taxation.

What is Business Governance?

As important as it is to form and establish a business the correct way, it is just as important to make sure it is run correctly once it is in operation.

No matter the type of business you run or own, proper governance documents procedures can be used to:

  1. Ensure methods are available to resolve any conflicts between owners of the business or between owners and the business.
  2. Assure that corporate formalities are maintained and that the entity’s structure is protected.
  3. Minimize risks by assuring compliance with applicable laws and regulations.

Because poor governance has so much potential to harm your business and its owners, it is crucial that you seek a business lawyer’s assistance with it.

Make the First Step Simple – Call Today

At Hawash Cicack & Gaston LLP, our Houston business attorneys want your business to succeed from day one. To give it that chance, start by making sure it is formed correctly and has the right governance procedures in place to run smoothly once it is established. Dial (713) 589-7249 at your next opportunity to speak with our team. We would be happy to sit down during an initial consultation to discuss what we can do together to make sure your business can live up to its full potential.

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  • Lawyers with extensive experience & insight across a wide range of industries.
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