Texas Business Corporation Attorneys
Our business attorneys can help you with your corporate legal needs
Considering organizing your business as a corporation? You probably have a lot of questions about whether such an approach makes the most sense for you. That’s why it’s important to discuss your business plans with an experienced, business attorney familiar with the applicable state and federal laws that apply to your specific business. That’s why you need the Texas business lawyers at Brewer & Pritchard, P.C. We proudly represent business clients nationwide.
What are the advantages & disadvantages of incorporating as a C corporation?
C corporations are the most common type of corporation in the United States. There are significant advantages and disadvantages that come with this type of business organization. Some of the advantages of a C corporation, include:
- Limited liability for directors, officers and shareholders. Your personal assets are protected.
- Durable existence. A corporation, unlike an LLC or partnership, continues to exist even if the owner leaves the company.
- Substantial growth potential. There is no limit to the number of shareholders, which means your company can continue to grow.
- Some tax advantages, such as deductible business expenses. How significant these will prove to be depends on the size and nature of your business.
As with any type of business, there are also drawbacks. An experienced business law attorney can help you understand how these disadvantages will affect your business. We may be able to help mitigate or offset those disadvantages, or even recommend a different type of corporate structure, depending on your circumstances. We can assist your company with all the legal aspects often associated with the following issues:
- Start-up expenses – Filing articles of incorporation can be expensive. You will need to pay fees to the state of Texas.
- Significant regulation – C corporations have substantially more government oversight than other types of companies. Ensuring compliance is critical.
- Double taxation for shareholders – A C corporation’s revenue is taxed at the company level and again at the shareholder level. Shareholders cannot deduct losses on their personal income tax returns.
Know your rights. Talk to a corporate attorney you can count on.
If you’re considering forming a C corporation or reorganizing an existing company, you need an experienced attorney on your side. We can help you avoid all legal issues down the road and organize your business in a manner that leaves you well-positioned to succeed. We can also explain all the advantages and disadvantages of forming an S Corporation and other business structures.
Discover what a dedicated business attorney can do for your business. Contact Brewer & Pritchard, P.C. online or call 713-209-2950. We’re prepared to handle all your corporate business needs.