Texas Business Law: Frequently Asked Questions
With decades of experience helping Amarillo clients resolve business issues, the Morgan Williamson LLP attorneys understand complex business law matters. We hope the answers to common questions can address your concerns. If not, call us at 806-705-7546 to discuss your situation with a lawyer.
What are the main types of business structures available?
Choosing the right business structure is a crucial decision that can have long-lasting implications on your business’s success. How you structure your business can affect your liability and taxes. Each business structure offers unique advantages and potential drawbacks. There are several business structures to choose from, including:
- Sole proprietorship
- Corporation
- Limited liability company (LLC)
- Limited liability partnership (LLP)
- Limited partnership (LP)
- General partnership
- Benefit corporation
There are benefits and downsides to each structure. Our attorneys can educate you about them and help you make an informed decision that aligns with your business goals and needs.
What contracts and legal documents are required to start a business?
When forming your business, it is important to have the right legal documents in place. Starting a business involves navigating a variety of legal requirements to ensure that your operations are legitimate and protected. Having the right contracts and legal documents in place is crucial for laying a solid foundation for your business. You may need to use and alter many of them repeatedly as your business grows. Some examples include:
- Business plan
- Partnership contracts
- Incorporation documents
- Operating agreements (for LLCs)
- Employee agreements
- Articles of organization
- Licenses and permits
- Non-disclosure agreements
- Vendor and client contracts
Our attorneys at Morgan Williamson LLP can help you gather or create the necessary documents during business formation, ensuring you are well-prepared for success.
How can I ensure my business complies with state and federal regulations?
It is essential that businesses follow state and federal regulations, as violations can lead to serious penalties. Always stay updated on business law changes. For even more protection, consider reaching out to a business lawyer to address concerns about regulation compliance.
What steps should I take to protect my business’s intellectual property?
Your business should have a clear, distinguishable identity. You can protect your business identity and intellectual property through:
- Trademarks: Protects brand names, logos and slogans
- Patents: Protects inventions and new processes
- Copyrights: Protects original works of authorship, such as literature, music and art
We can help you create these and other protections, ensuring your valuable business intellectual property remains secure.
Our Attorneys At Morgan Williamson LLP Are Here To Help
You can count on us to help you with business formation in Texas. To talk with one of our Amarillo business lawyers, call us at 806-705-7546 or complete our online contact form.