Legal Question in Business Law in Texas
In regards to business structure (this will be a new business I am beginning) does it matter if most/all of my employees will be independent contractors? Does it effect my ability to have a LLC vs Corporation?
2 Answers from Attorneys
I would need more information to evaluate your needs and operations, and what is best for you. But as a general rule your business could operate under either format.
The important consideration regarding an LLC or Corporation (Chapter S or traditional) is your business model, your operational plan, and general plan of organization.
This is not intended nor should it be considered legal advice, or the acceptance of representation, but it is rather a response to a general legal inquiry.
I can be reached at 281 704 6740, or [email protected]. GOOD LUCK
It does not affect your ability to have an LLC or a corporation. They will be treated similarly, with the exception of the owner(s). Owners may be treated differently depending upon the type of tax classification.
Related Questions & Answers
-
I'm buying a business with lawsuit in action, how do I know if the lawsuit has been... Asked 9/09/14, 10:45 am in United States Texas Business Law
-
I am an owner of a small quilt shop in Texas. We have an annual event where we put... Asked 9/02/14, 3:41 pm in United States Texas Business Law
-
I purchased a used boat from a local marine dealership 4 months ago. My bank and I... Asked 9/01/14, 5:06 pm in United States Texas Business Law
-
Are members of a limited partnership protected from any liability from securities... Asked 8/26/14, 3:49 pm in United States Texas Business Law