Selecting the Right Business Structure

Starting a business is an exciting venture, but many entrepreneurs do not realize that from the moment they begin operating their business they are exposed to many potential debts and liabilities. The type of entity you choose for your new business will determine what type and how much protection you and your business partners or shareholders have from the business’s debts and liabilities. Hiring a small business attorney allows you to have a professional who can inform and advise you about the advantages and disadvantages of each entity type for your business. The attorneys at West & West, Greer & Estorga can help small business owners throughout Texas, including Central Texas, South Texas, the Texas Hill Country, San Antonio/Bexar County, Seguin/Guadalupe County, Kerrville/Kerr County, Bandera/Bandera County, New Braunfels/Comal County, and Boerne/Kendall County determine which business entity is best for them.

The entity you choose determines your liability and protection from debts….

What types of business entities can I choose from?

There are many types of business entities to choose from. Some of the most common business entities are:

Choosing a Business Entity

What should I consider when choosing a business entity?

The first and foremost consideration when choosing a business entity should be what type of entity structure you (and your business partners) would like and how much protection from business debts and liabilities you want. Aside from debt and liability protection, some additional considerations to keep in mind are:

  • Industry requirements: Some industries (such as law and healthcare practices) require business owners to have a professional license of some sort to own a business. This may limit the types of business entities available to you.
  • Tax Benefits: The tax consequences of each type of entity vary and can significantly impact the growth of your business.
  • Marketability: If you have plans to sell your business shortly after starting it, the type of business entity you choose may impact the marketability of your company.
  • Business Partners/Investors: Are you the only owner of your new business or will you have business partners or investors? The answer to this question may have an impact on which type of entity is best for your new business.

Hiring a small business attorney allows you to have a professional to discuss these and other considerations with to help you choose the best entity for your business goals.

If you are thinking about starting a new business or need a lawyer to help with your existing business contact us today.

Contact Us

Want to find out more? Contact us now to schedule your consultation.

Specializing Attorneys on this Area

Matthew Johnson

Attorney, Shareholder

West & West, Greer & Estorga

Get in touch with our experts

Don't waste time take action call today!

Talk to an Expert

(210) 340-2200

We’re in Social

Guiding Your Business Success

Business Law Areas of Practice

Comprehensive legal support for your business ventures and endeavors

  • All
  • Bankruptcy
  • Business Law
  • Civil Litigation
  • Criminal Defense
  • Estate Law
  • Family Law
  • Probate
  • Real estate
All
  • All
  • Bankruptcy
  • Business Law
  • Civil Litigation
  • Criminal Defense
  • Estate Law
  • Family Law
  • Probate
  • Real estate
Transfer on Death/Lady Bird Deeds

Transfer on Death/Lady Bird Deeds

Read More
Trusts

Trusts

Read More
Wills

Wills

Read More
Independent/Dependent Administration

Independent/Dependent Administration

Read More
Eviction

Evictions

Read More

Foreclosures

Read More
Real Estate Closings

Real Estate Closings

Read More
Deeds

Deeds

Read More
Negligence

Negligence

Read More
Fraud

Fraud

Read More
Deceptive Trade Practices

Deceptive Trade Practices

Read More
Bankruputcy 13

Bankruptcy Chapter 13

Read More

Bankruptcy Chapter 11

Read More
Enforcement

Contracts

Read More
Enforcement

Mediation in Texas

Read More
Enforcement

Personal Injury

Read More
Will Probate

Will Probate

Read More
Enforcement

Real Estate Litigation

Read More
Enforcement

Bankruptcy Chapter 7

Read More
Juvenile Law

Juvenile Law

Read More
Breach of Contract

Breach of Contract

Read More
Employment Disputes

Employment Disputes

Read More
Human Resources and Employment

Human Resources and Employment

Read More
Meeting Minutes

Meeting Minutes

Read More
Corporate Document Drafting and Review

Corporate Document Drafting and Review

Read More
Policies and Procedures

Policies and Procedures

Read More
Employee Handbooks

Employee Handbooks

Read More
Employment Contracts

Employment Contracts

Read More
Company and Operating Agreements

Company and Operating Agreements

Read More
Initial Document Drafting and Filing

Initial Document Drafting and Filing

Read More
Corporations

Corporations

Read More
Partnership

Partnerships

Read More
Sole Proprietorship

Sole Proprietorship

Read More
Professional Limited Liability Company (LLC)

Professional Limited Liability Company (LLC)

Read More
Limited Liability Company (LLC)

Limited Liability Company (LLC)

Read More
Choosing a Business Entity

Choosing a Business Entity

Read More
Business Formation

Business Formation

Read More
DWI/DUI

DWI/DUI

Read More
Possession

Possession

Read More
Expunctions/Non-Disclosures

Expunctions/Non-Disclosures

Read More
Felonies

Felonies

Read More
Misdemeanors

Misdemeanors

Read More
Uncontested Divorce

Uncontested Divorce

Read More
Modification

Modification

Read More
Conservatorship

Conservatorship

Read More
Child Custody

Child Custody

Read More
Divorce

Divorce

Read More
Parental Rights and Duties

Parental Rights and Duties

Read More
Possession and Access

Possession and Access

Read More
child support

Child Support

Read More
Prenuptials

Prenuptials

Read More
Adoptions

Adoptions

Read More
Child Protective Services

Child Protective Services

Read More
Enforcement

Enforcement

Read More