The Law Office of Matthew K. Simcox - Business Formation, Partnerships, Companies, Corporations

Practice Areas:

Criminal Defense Family Law Personal Injury Wills & Trusts Business Formation

Business Organizations

Having the right business entity can mean the difference between having liability protection and complete exposure. In today’s world, a business owner can ill afford to be sued. A lot of times that is out of your hands (after all, it only takes filing fees for someone to sue you), but it is certainly within your power to protect yourself against it.

Texas has a vast array of different business entities, each with its own advantages and disadvantages. These range from sole practitioner to multinational corporations. If you are looking at this website, and considering opening your own business, you probably land somewhere in between.

Sole Practitioner
General Partnerships
Limited Partnerships
Limited Liability Partnerships
Limited Liability Companies
Professional Limited Liability Companies
Corporations
Professional Corporations

Let’s say that you are a business owner, operating as a sole practitioner (no formal business entity established) and one of your employees runs a red light in a vehicle with your company logo on it. You can bet that the victim is going to go after both the employee and the company. If you are a sole practitioner, then YOU are one in the same as the company. Therefore, the victim can seek to attach your PERSONAL assets.

With the proper protection, you can limit your exposure to the assets of the company. It’s our belief that losing your business is better than losing your business and your house if it comes down to that.

Come see us about getting your business started in the right direction.

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DISCLAIMER: This site is intended solely to be informational, and is not to be construed to convey legal advice. For legal advice you are encouraged to see a licensed attorney.