LLC vs Partnership in Texas
When starting a business in Texas, there are many factors to consider, including the type of entity to choose. Two popular options are the limited liability company (LLC) and the partnership. Both offer unique advantages and disadvantages, and it is important to...
15 Most Frequently Asked Questions About Forming A Series LLC in Texas
The 15 Most Frequently Asked Questions About Forming A Series LLC in TexasThe following is a quick and concise answer to the most frequently asked questions that I get as an attorney from people that are looking to form a Series LLC in Texas. There are additional...
Can I Use An LLC To Avoid Taxes?
Yes, but not in the way that you think. There is a growing sentiment among popular online advice columnists and bloggers that LLCs can help you avoid a large amount of tax, and that therefore everyone should have an LLC, even if they are not running an actual...
How Do I Change the Name of My LLC in Texas?
If you want to use a different name for your business, make sure you differentiate between “I want to change the entire name of my business” and “I want to use a different name for my business in certain situations.”
How Does a PLLC Protect A Professional from Malpractice in Texas?
A Professional Limited Liability Company is specifically provided for professionals looking to offer their services through an entity in Texas. Professional services, as defined by the Texas Statutes, means “any type of service that requires, as a condition precedent to the rendering of the service, the obtaining of a license in this state.
Member vs Manager: Who Should Have What Role in Your LLC?
Regardless of the form of LLC you decide on (Series LLC, PLLC, or regular old LLC) you will need to make the decision of whether your new Texas entity will be Manager Managed or Member Managed. For the sake of this page, we are going to assume the owners of the LLC have chosen to have the company be managed by one or more Managers—Manager-Managed.
Top 3 Mistakes When Starting Your LLC and Their Solutions
New business owners in Texas often form LLCs to start their company, but this process can be full of pitfalls and sometimes even the most careful of small business owners can make a mistake. Texas LLC Formation Attorney Nate Gilbert takes a look at the most common mistakes and their solutions.
How To Help Your Parents Sell Their House: Powers of Attorney in Real Estate Transactions in Texas
Commonly, children will have powers of attorney for their parents when they get older and may need assistance with financial transactions. If a child holds power of attorney for their mother and/or father, they may represent them in a real estate transaction.
Can You Change An LLC To A PLLC? 4 Steps to Convert From An LLC to a Professional LLC in Texas
Converting to a PLLC from an LLC is a straightfoward process in Texas. Attorney Nate Gilbert provides the steps necessary to change your company to a Professional Limited Liability Company in 4 steps.
How Do I Create A Series For My Series LLC?
Creating an individual Series for your Series LLC is a straightforward process, but there are some critical steps that you need to take. When creating the new Series, you are effectively creating a new LLC, for all intents and purposes, and just as when we are...