While deciding which business structure will best serve your needs, always consider several key factors. For example, look at how many employees you plan on hiring and how much time you want to spend managing the company. You should also make sure you’re fully protecting your personal assets against future lawsuits and not incurring any excess taxes.
One excellent way to choose the best structure for your company is to meet with your Houston business law attorney. The two of you can discuss all that you might gain (or lose) by starting your company as either an LLC (limited liability company) or an “S” corporation.
Before noting some of the basic steps involved with forming an LLC and an “S” corporation, here’s a brief overview of the unique offerings and drawbacks of both structures.
What are some chief advantages and drawbacks of starting an LLC?
Depending on the size of your business and the types of goods or services you’re selling, you may prefer an LLC for the following reasons.
What are some basic issues that must be addressed while forming an “LLC” in Texas?
Here’s a brief review of key issues involved in starting an “S” corporation in Texas
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