What can I say? I will never hesitate to recommend this firm to anyone. Personable, professional, honest and diligent. Period.
When you start a business, you can organize it several different ways. For example, you may choose to incorporate or form a limited liability company (LLC). One of the seemingly simplest options is to maintain a sole proprietorship, which requires no legal formation at all. In fact, in Texas, all you have to do is begin operating , and you automatically own a sole proprietorship.
Like any other business entity, there are advantages and disadvantages to a sole proprietorship. The following is a brief look at some of them.
There is no required paperwork to file with the Texas Secretary of State to start or maintain the business. Therefore, there are also no filing fees or costs.
A sole proprietorship is not considered a legal entity separate from the owner. For this reason, there is no distinction between personal and business liability for debts. A creditor, therefore, can go after an owner’s personal assets to fulfill a debt of the business or to recover damages for harm caused by the business or its employees.
Selecting an appropriate business entity is only the first of many important decisions that a business owner must make. Many decisions have important legal implications that you should understand and for which you should prepare. The Weisblatt Law Firm works with all types of companies to provide legal guidance and helps to resolve any issues or questions that may arise. To find out more about our Houston business law firm, please or call (713) 714-4634.