Business Planning Attorneys in Austin
Are You Establishing a New Enterprise?
Whether you’re a first-time entrepreneur or you’ve created a new company before, striking out on a new business venture can be an exciting time. Ensuring you start off on the right foot is crucial, especially because business formation can be a legally complicated matter that requires precision and care.
At The Schwab Law Firm, our attorneys can provide legal advice, services, and oversight for you as you build your new business. By providing you with proactive legal representation, you can rest assured that liability risks now and in the future can be avoided or mitigated. Not only can we help you form a new business, but we can help you develop a succession plan to determine who will take over for you when you pass on.
Business Formation Assistance
If you are thinking about building a business, there’s a lot you need to consider. First and foremost, typically, is how you’ll structure your company.
Typically, business owners adopt one of four basic types of business:
- Sole proprietorship
- Limited liability company (LLC)
- Corporation (C or S)
These business structures each have their own implications for your personal liability and your company’s tax liability. Typically, you are most liable for your business’ debts if you organize as a sole proprietorship or partnership, and less liable if you form as an LLC or corporation.
You’ve probably thought about how you’d want to set up your business already, but our business planning attorney in Austin can help you understand the nuances of choosing one option over the other with regard for how you intend to conduct business. Factors such as operating locally, regionally, nationally, and internationally can all have different effects on your business depending upon how it’s structured.
With assistance from The Schwab Law Firm, our legal counsel can help you feel more confident that as many details as possible are being factored into each and every decision you make during business formation.
Learn more about what we can do for Learn more about what we can do for you by taking advantage of a free initial consultation. Schedule yours today by calling (512) 630-0328 or filling out our online contact form.
Your company may represent your life’s work, and you may feel that what you set out to accomplish during life should continue after you retire or pass away. Building a business succession plan can help you determine who will own and manage your company upon your death, avoiding conflict, confusion, and litigation in pursuit of these answers.
Typically integrated with your estate plan, a business succession plan is typically activated when an event such as your retirement, death, or incapacitation occurs. You can outline the specific triggers for your succession plan and map out how your company’s ownership and leadership will be structured going forward.
Whether you want to leave your business interests with your partner, a family member, a trusted employee, or someone else, we can help you create a plan that will help you realize the future of your company without you at the helm.
Access various online resources for more information about the Texas legal system.
Since 2004, The Schwab Law Firm has helped hundreds of clients overcome complicated legal challenges regarding their assets, families, and businesses. If you need legal support at this time for a business planning matter, please reach out to us to claim a free initial consultation. During this meeting, we’ll take some time to learn about your needs and help you understand what we can do to help you overcome your challenges.
Arrange your complimentary consultation with a business planning attorney in Austin today by filling out our online contact form.