What can I say? I will never hesitate to recommend this firm to anyone. Personable, professional, honest and diligent. Period.
If you begin doing business, the law does not require you to register your company with the Texas Secretary of State. If you do not file any documents, you will operate as a sole proprietorship or and general partnership. While operating in this manner seems easy for tax purposes and due to the lack of formal requirements, these business entities offer no personal liability protections. A sole proprietor or general partner is not considered to be a separate legal entity from a business. Therefore, an owner can be personally liable for any business debts or judgments. Creditors can go after your home and other personal assets.
In order to protect your personal property and assets, it is always a good idea to form some type of limited liability business entity. These include:
Perhaps the most common entity for small business owners is an LLC. Formally filing with the SOS and establishing an LLC separates your personal matters from your business matters. The legal term for this separation is the “corporate veil.” Once the corporate veil is in place, you only risk losing the assets you directly put into the company.
Once you establish a corporate veil, you must ensure to maintain it. If you act like your personal and business matters are one and the same, creditors may be able to pierce the corporate veil to go after your personal assets for business debts. The following are some step you can take to maintain your corporate veil after you register your business.
At The Weisblatt Law Firm, we know how important it is to establish and maintain a proper corporate veil. Starting a business does not require you to put your family home and personal assets at risk if you properly set up your company. Let an experienced Houston business lawyer assist you in putting necessary protections in place. Call (713) 352-0847 or contact us online to learn more about how we can help with your startup.Tags: Houston Business Attorney, Houston Business Law, Houston Business Law Attorney, Houston Business Law Lawyer, Houston Business Lawyer