Business Law - LLCs

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LLCs

The LLC or Limited Liability Company is a popular choice among Texas businesses. An LLC was designed to be a mix of what business owners like about the simplicity of being a sole proprietor, coupled with liability protection similar to a corporation.

Alexander Randolph first consults with the client and his or her tax advisor to determine if an LLC is a good fit for the business. We then work to assure that all LLC documents are well drafted and maintained, which is imperative for keeping liability protection for personal assets in place.

Our LLC Formation services for Texas LLCs include:

• Consultation to Determine Structure (Management structure, Officers, etc.)
• Name Availability
• Certificate of Formation
• Company Agreement
• Unanimous Written Consent/Minutes for Organizational Meeting
• Tax ID / EIN number from the IRS

Many clients are surprised to learn that the filing they completed on-line with the Secretary of State may not be sufficient to protect their business and personal assets. For these clients, we assist in drafting the remainder of the documents required by Texas law.

Sometimes new clients ask us how our LLC formation services are different than on-line websites that offer LLC formation in Texas. Based on our personal review of LLC formations prepared by on-line services, clients are often surprised and frustrated to see the errors we find in their company documents completed by an on-line service. Without review by an attorney, these errors often go unnoticed until there is an internal problem in the business, or the business is sued. As it turns out, many clients have paid on-line sites more than our fees, because many sites charge customers for unnecessary filing fees and expenses.

There is no substitute for professional legal services for LLC formation in Texas that includes personalized consultation and tailoring of the LLC formation documents to the needs of our clients. It is often much more expensive to correct problems in LLC filings than it is to draft the LLC documents correctly the first time.

We understand that business owners need to be able to budget and plan for legal fees and expenses. Therefore, we offer clients competitive, guaranteed flat fee rates for Texas LLC formation.

We are not CPAs and do not know the details of our clients' tax filings. Therefore, we strongly encourage our clients to make all decisions regarding Texas LLC formation in conjunction with a tax professional.