​One of the first steps for Texas small business owners is to select the proper entity for your business. Many factors will be important to determine which option is the best for you, including: how many partners you have, the size of your business, the industry you plan to work in, your tax strategy and income level, among other things. The main purpose for creating a legal entity is to shield yourself and your family from liability. Creating an entity will create a separate legal entity that will separate your personal finances, income, and liability from that of your business. You might choose an LLC, PLLC, Partnership, or Corporation. Ensuring that your business entity is setup properly with the State of Texas is essential in ensuring that you are protected.

​Once we help you properly choose and setup your business entity, the next step will be educating you about the maintenance and upkeep required to keep your business in good legal standing. Depending on your legal entity of choice, this might include annual meetings, meeting minutes, stock certificates, and owner records. Learning about these important steps and consistently applying them to your business will help make sure your entity protects you the way you're expecting. 

​Your business entity of choice also has many tax implications for you and your business. Businesses are taxed differently based on their legal structure. For instance, a pass-through tax might be available to LLCs and certain Corporations who elect to be taxes as S-Corps. Leon Breeden is not a tax attorney, though he does work with your tax adviser to integrate the best strategy for your business.