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Guidance From An Attorney With Extensive Business Experience
If you are thinking of starting a business, good legal guidance at the outset can help you avoid problems later on. At Owens Law Firm, we help find the right legal solutions for startups.
We assist in establishing new businesses and nonprofit organizations in the Helotes, Alamo Ranch, and San Antonio area, including:
What Is A Limited Liability Company (LLC) And Do I Need One For My Business?
A limited liability company (“LLC”) is the combination of what most would agree are the best features of a sole proprietorship, partnership, and corporation. The LLC has become a popular way to structure one’s business because of the personal protection it provides its members from the liabilities and debts of the company; the numerous tax advantages it enjoys; and, the simplified procedures it provides for both the managerial and operational sides of the business.
Personal Liability Protection
One of the best aspects of the LLC is the protection it provides to its members and owners. The LLC is legally separate from its owners and members. This separation ensures that a member or owner cannot be personally liable for any debts and/or liabilities that may result from actions taken by the business.
For example, if a restaurant owner has a customer slip and fall in their establishment, barring extreme circumstances, the business owner and its members will not be personally liable for any damages that may arise in the event of a lawsuit. Without such protection, business owners may find their personal assets; such as, bank accounts, investments, and/or their real property, subject to be seized or garnished by the court in order to satisfy a judgment against the business.
Discuss How We Can Help in Establishing your Limited Liability Company (LLC)
To schedule a free consultation with attorney Paul Owens, contact our office at 210-972-0211 or through our online form.
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