llc startup
How To Get An LLC
The Texas Limited Liability Company (LLC) is currently the most prevalent and popular entity formed by small businesses. Benefits to operating a business through an LLC include minimizing personal liability, flow-through taxation, some degree of anonymity, greater asset protection, and business credibility. The LLC form allows its owners to achieve the desired liability protection while benefiting from pass-through tax treatment without the restrictions that exist with the S Corp form.
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Forming an LLC according to the specifics of the owners and business is critical to achieving the maximum liability shield, tax benefits, and business efficiencies. It is also important that formation documents be complete and customized to achieve maximum benefits as well. Some of the benefits to using a lawyer to form an LLC include:
- Advice on Maximizing Asset Protection
- Attorney Service as Organizer
- Customized Company Agreement
- Advice on Transferring Assets to LLC
- Advice on Structuring Accounts and Finances
- Follow Up Consultation After LLC Formation
While it is true that some consumers will be able to successfully use form websites to create an LLC that will be approved by the Secretary of State, failure to consult with a business attorney about customized formation documents can have serious negative consequences.