An LLC caps personal liability because an LLC is legally disconnected from its owners. LLCs are liable for their debts and obligations, and although you can lose the funds you have invested in the company, your personal assets, including your house and bank account, are not used to collect on business debts. Your personal purchases are also protected if a business partner, employee, or business is sued for negligence.
With the proper business structure, you can protect your personal assets, and have a better tax position. We help clients in planning business ventures from a legal perspective. We will analyze your business and help you select the best legal entity structure. A Limited Liability Company, or LLC, is one way to structure your company while protecting yourself and your personal assets. Learn how our expert team at The J.M. Dickerson Law Firm can help you out, call our local New Braunfels, Texas, location at 830-302-4577 to get started today.
FREE BOOK HERELLCs also have fantastic advantages when it comes to taxation. LLCs don’t have a federal tax classification but can assume the tax status of sole proprietorships, partnerships, S corporations, or C corporations. Meaning LLCs can always benefit from “pass-through” taxation in which the LLC does not pay its own individual business or corporate taxes. Instead, the LLC’s expenses and income flow through to the owners’ personal tax returns.
Mr. Dickerson and his staff will assist you in properly filing your LLC paperwork. These documents include articles of incorporation with the state draft of your operating agreement. The health of your business entity matters to us. The 3 Bucket Method is Mr. Dickerson’s proven strategy to help business owners protect everything they have worked so hard to build. You don’t want an attorney on the opposite side putting what you planned to leave your family in jeopardy over an accident or a lawsuit. His team will ensure that you have the tools to maintain the protection your business entity provides you now and when you are at risk because of an unexpected lawsuit. We also provide complimentary risk audit services to determine if you are missing annual company minutes, corporate records, and agreements.
Up-to-date records allows you as the business owner to avoid challenges to the authorities of the entity formation we created. Leave the work of getting you up-to-date with us. Taking care of it all is what we do.
Request a consultation, get information, or ask for professional advice – call our team at 830-302-4577 today.
We believe that everyone deserves the peace of mind that comes with knowing your future is secure, no matter your age or personal circumstances. Our firm is proud to serve families and businesses throughout Central Texas with experienced legal guidance tailored to your unique goals and interests.
Whether you’re looking to build an estate plan or form a business, we’re here to advise and advocate for you. Each of these areas of law involve ongoing maintenance and compliance, and we’ll be here for you every step of the way. Call or message us today to set up your initial consultation.
Learn MoreYour future matters to us. Reach out and let’s get started.