Business and Tax Law
Providing Valued Counsel in Business & Tax Matters
Running a business, no matter its size, is full of challenges. Every year, millions of civil lawsuits are filed in the United States and over half of them deal with employment law matters and contract disputes.
There is no sure fire way for a company to avoid all lawsuits. A trusted business attorney is often considered part of an organization’s management team. This valued counselor can help head off a dispute before litigation starts, and defend the business if a resolution is not possible and a lawsuit ensues. A business lawyer is needed at every stage of a company’s growth. From start-up to ramp-up to expansion, or from maintenance to maturity, an experienced business attorney is a trusted advisor that can provide specific guidance in the following areas:
The threshold for risk and the amount of personal liability a business owner is willing and able to bear are the main considerations to explore when deciding the structure of a new or growing business. Corporations shield shareholders from all personal liability, only exposing the shares owned in the business to losses from failed business dealings or litigation. A sole proprietorship, on the other hand, offers no personal liability protection to a business owner. Other business entities include:
- Limited Liability Partnerships (LLPs)
- Limited Liability Corporations (LLC)
Mergers and Acquisitions
As a business grows and matures, it may be able to expand by merging or acquiring another company. No matter the type of transaction, a business lawyer will advise and counsel business owners of advantages and disadvantages of the proposed deal and perform due diligence of the financial health of the other company as well as any potential loss exposure.
Every business owner should anticipate that at some point in the life cycle of the business, it will face a dispute with a client or employee or an investigation or audit by federal or state government agency. A business litigation attorney will represent your company in all phases of such a proceeding. When the dispute cannot be resolved among the parties, the only solution may be litigation.
Business Tax Planning
Business tax planning is the process of eliminating or reducing all kinds of business taxes to maximize the profits of a business from the sales of its products or services or sale of its assets. Businesses may be required to pay sales tax or excise tax. Understanding your rights and responsibilities to pay taxes in Texas will make your business compliant with current and ever-changing tax laws.
Contact Us for Advice and Counsel
Attorney Bruce E. Turner encourages clients to schedule a consultation with a business lawyer to begin evaluating the legal needs of their business. With his business law experience, he can help establish a business structure that will protect owners from the liabilities and debts of the business. To make an appointment with Dallas business attorney Bruce E. Turner, call (800) 486-9553, or contact us online.
Under applicable Treasury Regulations, we are required to inform you that any advice contained in this posting is informational and not intended or written to be used, and cannot be used, to avoid penalties imposed under the Internal Revenue Code.