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Practices » Entity Formation
There are many different forms a new company can take, including:
- Limited Liability Company (LLCs)
- General Partnership
- Master Limited Partnership (MLPs)
- Limited Liability Partnership
- Series Limited Liability Company (Series LLC)
- C Corporation
- S Corporation
- Joint Venture
- Strategic Alliance
Which is the best entity formation for your business? Our attorneys can help you navigate the features, liability protections, tax implications and applicability of each.
Take for instance, a Series Limited Liability Company (Series LLC), which is a relatively new form of company available in nine states including Texas. It is a master LLC with a series of units or “cells.” The goal of the structure is to maintain liability protection for each cell from each other while keeping costs down and avoiding the need to set up each cell as a separate LLC. It may sound straight forward, but since this is a new structure there are unique issues that should be considered before forming this entity. We find that many people mistakenly believe the Series LLC is the best form for their business when in fact a different structure may be more advantageous.
We leverage our experience to help you determine which entity type is best for your business.
Joint Ventures & Strategic Alliances
A successful joint venture or strategic alliance requires a win-win situation for all parties. There are many factors that play into whether or not each party considers the venture or alliance a win.
- Who are the right partners?
- How should your venture or alliance be governed?
- What is the best structure?
No matter what type of entity you are interested in forming, our attorneys have the experience to help you consider and analyze the factors that will determine the success of your business.