We regularly advise entrepreneurs on the taxes their startups will face. As business attorneys, we understand the full life cycle of a business. Each attorney in the corporate group understands entrepreneurs and business owners need to develop new technologies and raise capital to fund growth. Entrepreneurs require practical, cost-effective and strategic advice on corporate structure, fund raising, intellectual property protections, technology licenses and collaborations, employment agreements and many other matters. We add value to our business clients by structuring their new venture to minimize tax and attract financing.
CHOICE OF ENTITY
Our corporate attorneys structure, organize and document all types of legal entities including C corporations, S Corporations, limited liability companies, limited partnerships and joint ventures, and consider both the choice of entity and choice of domicile to minimize taxes and maximize liability protections. Our attorneys are experienced with the unique characteristics and rules governing each of the different forms of entities that may be formed in Texas, including:
- General partnership
- Limited partnership
- S Corporations
- Limited liability partnership (LLP)
- Limited liability company (LLC)
- Non-profit corporation
One of the first questions that a new client asks us about incorporating a new business is the cost of incorporation. The cost of forming a new business depends on the complexity of the business arrangement. For instance, forming a partnership with several unrelated partners or third-party investors, is more complex than incorporating a sole proprietorship. In many situation, we can organize a corporation, partnership or limited liability company for a flat fee. When the client is forming a sophisticated business entity, we may give the client a budget, but bill our time on an hourly rate.
We assist emerging companies and established corporations incentivize key employees through non-qualified equity compensation plans including phantom stock plans, restricted stock plans, stock options, incentive bonus pools and other plans while complying with applicable tax rules such as Internal Revenue Code Sections 83 and 409a. We provide tax analysis memorialized in memoranda or policies, as well as draft the grant letters, restricted unit agreements, phantom stock plans, and other equity compensation plan documents.