The Bunger Law Firm P.C.

05/09/2024

04/04/2024

WHY HIRE A LAWYER TO FORM YOUR TEXAS LLC?

Tax Advice⚖️📑

Taxation of your LLC occurs at local, state, and federal levels. An attorney educates you on the most advantageous election for tax purposes.

Avoiding double taxes, delinquent taxes, and penalties should be a priority for your LLC. These unnecessary and avoidable expenses hurt the profitability of your company.

04/03/2024

WHY HIRE A LAWYER TO FORM YOUR TEXAS LLC?

File Required Paperwork⚖️🗃

Forming an LLC in Texas requires filing a Certificate of Formation for a Limited Liability Company.

This certificate must include the following information:

The LLC’s name,
The name and address of the registered agent for service of process,
Whether the LLC is member-managed or manager-managed,
The names of each member or manager,
A general statement of purpose for the LLC,
The name and address of the LLC organizer,
The effective date of the certificate, and
The signature of the organizer.
Texas permits the online filing of the Certificate of Formation for a Limited Liability Company for a fee of $300.

A Texas LLC does not require an operating agreement. However, creating an operating agreement is strongly advised. The operating agreement sets out the rights and obligations of members or managers of the LLC.

Additionally, it preserves your limited liability by showing that the LLC is indeed a separate business entity. Hiring an attorney to draft a concrete operating agreement reduces the opportunity for disagreements and conflict between the LLC members or managers.

Additionally, a well-crafted operating agreement includes essential provisions such as buy-out clauses and termination clauses.

Additionally, Texas LLC law requires filing an annual franchise tax report with the Texas Comptroller. Missing these filings can affect the operation of your LLC through the imposition of penalties. Extensive delays may result in the automatic dissolution of your LLC.

04/02/2024

WHY HIRE A LAWYER TO FORM YOUR TEXAS LLC?

Protect Your Interests ⚖️💪

Initially, you may not understand the legal requirements of how to create an LLC.

For example, when forming an LLC in Texas, the LLC name must contain the words “limited liability company,” “limited company,” or the abbreviations “LLC,” “L.L.C.,” “LC,” or “L.C.”

Additionally, your LLC name must be distinguishable from other business entities on file with the Texas Secretary of State.

If your LLC has more than one member, you must obtain a federal Employer Identification Number (EIN) with the IRS. The EIN identifies you for federal tax purposes.

Retaining the services of an attorney ensures prompt handling of these critical tasks.

04/01/2024

WHY HIRE A LAWYER TO FORM YOUR TEXAS LLC?

Avoid Legal Problems

Even if in agreement, LLC members may experience other legal problems as your business grows. Disagreements may arise when one member of the LLC fails to perform obligatory tasks.

We as Texas business attorneys can assist with issues facing your business as it grows. For example, drafting company policy handbooks are essential to avoid sexual harassment, wrongful termination, or discrimination lawsuits.

Qualified business attorneys equip their clients with the tools to prevent liability under the multitude of federal and state laws.

03/28/2024

WHY HIRE A LAWYER TO FORM YOUR TEXAS LLC?

Correct Mistakes ⚖️🖋

A qualified business attorney works to correct any mistakes when creating an LLC. Starting a business is a stressful yet exciting event. As you market and establish your business, keeping tabs on potential legal issues may be furthest from your mind.

Through extensive discussions with an attorney, you may review the details of your LLC Operating Agreement and quickly spot any gaps in liability that may exist.

Furthermore, addressing unclear positions, employee responsibilities, and other information avoids confusion down the road.

As your LLC gets off the ground and begins to succeed, the last thing any business owner needs is the threat of litigation to slow their momentum.

We as experienced Texas business attorneys remedy these possible points of conflict before they become an issue.

03/27/2024

Why hire a lawyer for business formation??

We Set You Up for Success!

As an attorney, we work to ensure your LLC begins on the right foot. Through consultation during the LLC formation process, we review your risks, future challenges, and goals as your venture commences.