Which Business Entity Is Right For My Business Plan?

Are you ready to open your own business, start a professional practice or invest in a partnership arrangement in Laredo or elsewhere in the Rio Grande Valley and South Texas? The first step you take in business is often the most important one.

Call The J.M. Dickerson Law Firm PLLC in Laredo. I am business law attorney Joseph Michael Dickerson. For more than 20 years, I have been helping business owners take a comprehensive approach to setting up and growing their businesses in South Texas. You need more than a one-size-fits-all solution. We will sit down together to discuss your immediate and long-term goals for your business, and for your family.

How you structure your company or practice will make a difference in several areas, including:

  • Paying yourself a salary and bonuses throughout the year
  • Paying corporate taxes
  • Immigration and employment laws
  • Mergers and acquisitions, growth, succession or dissolution of your business

A Lawyer Who Knows How To Help You Achieve Your Ultimate Goals

Will you be operating the business as a means for immediate and long-term income for your family? Or do you intend to build up a product line or intellectual property and sell the company as soon as possible to a larger corporation? Are you setting up a holding company? How do limited liability companies affect estate planning strategies? What may seem like the right solution in the short run often has a significant impact in later years, when it is time to make further decisions that affect your family.

The Type Of Business Determines The Right Structure

The characteristics of the business operations often determine the best strategy for a corporate structure you set up. Some businesses with steady cash flow, such as a restaurant or bar, may benefit from one type of business structure. Professional practices that rely on insurance billing and delayed payments may need to account for monthly cash flow issues. Product development companies may need a steady flow of investor seed money on the front end, in order to go public when the product is ready for market. How you intend to operate your business in the future will have an immediate impact on how you set it up now.

Contact · Se Habla Español

Call my office in Laredo at 956-267-4516 or send an email requesting a return phone call to schedule an initial consultation today.