Choosing Business Entities in Texas – Practical Strategies for Liability Protection and Streamlined Growth
Created on July 24, 2017
When it comes to choosing an entity type for a new business venture, a new line of revenue, or a single-purpose vehicle, it is very important to understand the difference between the available entities and choose wisely. The selection of an appropriate entity can determine the ease of a company's future governance, affect owner (and entity) liability to third parties, dictate tax implications to the owners, and impact other key aspects of running the business.
This course will be taught by David Denney, founder of Denney law group and advisor to many startups and growing businesses, and will examine practical strategies for entity selection in business startup and growth in Texas, as well as provide a basic framework for choosing an entity based on the kind of business the company is likely to be doing.
- Understand the various business entity types available in Texas, and discuss differences between corporations, LLCs, partnerships, and others
- Identify the pros and cons of various business entities, depending on type of business the client wishes to conduct
- Know how to effectively utilize multiple entities in concert to minimize liability to third parties
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