Houston, Texas Business Planning & Formation Attorney
Starting your own business is an exciting first step in entrepreneurship. Once you have determined the goods or services your business will offer, it is important to consult with legal professionals who can protect your legal rights and interests. At The Hammond Law Group, PLLC, we offer strategic business counseling services to save you time and money in starting the operations of your business.
Taking legal action to protect the financial security and operations of your business can prevent future liability and net loss. Our attorneys will review your unique objectives and create a business formation suited to your needs. Contact us for more information.
Business formation
You may be interested in the creation of a partnership, a limited liability company (LLC), a C-corps, or an S-corps. Our attorneys will take the time to understand your unique business goals and objectives. While each form has advantages and disadvantages, it is important that you understand the form and function of each organization and determine which suits your needs best. Even after your business takes its proper organizational form, our attorneys will remain available to review your options and adapt the business organization to your dynamic needs.
We will take legal action at the outset of your operation to prevent future mistakes and missed opportunities. Our attorneys have the skills and knowledge to effectively limit your tax liability in a legal and ethical way.
We are experienced in the business planning and formation of:
- Sole proprietorships
- General partnerships
- Limited liability partnerships (LLP)
- Family limited liability partnerships
- Corporations (S-corps, C-corps)
- Limited liability companies (LLC)
- Professional limited liability corporations (doctors, dentists, law offices)
Tax planning for businesses
One implication for various business structures is tax liability. For federal tax purposes, the S-corporation is taxed the same as a partnership. The income will pass directly to the stockholders who pay taxes on their shares without any federal income tax being paid on the corporation itself. A C-corporation pays corporate income tax on its earnings while the stockholders only pay income tax if and when they receive dividends on their stock.
Business counseling services
Our attorneys will take the time to understand your immediate objectives for your business. Throughout the life of your business we also offer business consulting services focused on protecting the security of your business and future profits. In addition to business planning and formation, we also offer tax planning services and legal guidance in mergers and acquisitions
Contact The Hammond Law Group, PLLC to schedule a free consultation at our Houston, Texas office. Our lawyers offer strategic advocacy in business planning and formation. Se habla español.
