Legal Question in Business Law in Texas
New Construction Company
I am starting a consulting and construction services company with my brother. Keeping in mind potential legal issues, minimizing personal liability and maximizing tax benefits, is an LLC the best option?
Asked on 5/13/08, 12:39 am
1 Answer from Attorneys
Donald Nemec
Law Office of Donald C. Nemec
Re: New Construction Company
LLCs are usually good options for companies such as yours. They offer limited personal liability and flow-through taxing as if the company were a sole proprietor. One downside is that LLCs require certain recordkeeping and filing requirements that you have not been required to complete if you have been operating as a sole proprietor. Please contact us if you would like more information or assistance in organizing your company. We offer a flat fee rate structure for LLC creation.
Answered on 5/13/08, 11:57 am
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