Legal Question in Business Law in Texas
Want to open a small company just me and my husband should we just file for a DBA or should we do a limited parternship. What are the pros and cons
1 Answer from Attorneys
A DBA (or assumed name certificate) will not protect you or your husband from the debts and obligations of the business. Because almost all entities types provide their owners with liabilty protection, I generally recomend using an entity when conducting business. It is a small price to pay for the liabilty protection you receive. There are many different types of entities that can provide you with personal protection from the liabilties of the entity. Without knowing the details of your financial situation or the proposed business, I couldn't recommend one entity over another. However, limited liabilty companies (LLC) and corporations (Inc.) are very popular entity choices in Texas.
DISCLAIMER�This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney client relationship. For legal advice, you should retain legal counsel regarding your specific circumstances.
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