Business Formation + Structuring

LLCs

General Info


Limited liability companies are the most common form of business entity in in the US and Texas for a good reason: LLCs help limit an owner's personal liability and provide a flexible legal format for running a business. LLCs are usually either member-managed or manager-managed. A member-managed LLC is often appropriate for companies with few owners who are directly involved in running the company, while a manager-managed LLC works for multiple owners where one or more are direct managers of the company, while others may be employees without management repsonsibilities or passive owners of the business.




Most Often Used For


  • Small/medium-sized businesses (both single-member or multi-member)
  • Investors purchasing membership interest or stock in another company
  • Holding assets, real estate, vehicles, equipment, and other property




LLC Packages: Types + Pricing


  • Single-Member LLC Package: $650 + filing expenses (includes a business name check with the Secretary of State, a company agreement, and other standard formation documents)
  • Multi-Member LLC Package (manager-managed or member-managed): $1,000 + filing expenses ((includes a business name check with the Secretary of State, a company agreement, and other standard formation documents)
  • LLCs with anonymity features: Please consult with one of our attorneys about pricing.




LLC Package + Startup Contracts Package: Types + Pricing


If you're looking to get your business formed and hit the ground running, then our Startup Contracts Package may be for you. We'll form your business and give you the contracts you need to start doing business now. Read more below. LLC Package + Startup Contracts Package: Save money by adding one or more of our Startup Contracts Packages to your chosen LLC Package:

  • Employment Agreements Package (includes standardized versions of both an Employee Agreements and Independent Contractor Agreements for your business): $500
  • Employee Handbook Package: $1,250
  • Standard Non-Disclosure + Non-Compete/Non-Solicitation Agreements Package: $100*
  • Service Agreement Package (tailored to your business): $750
Please note: The above pricing applies to our business packages offerings and does not apply to services done on an individual basis listed at other price points on our website. *Also note: As non-compete agreements are generally not enforceable in the State of Oklahoma, non-compete agreements apply only to our Texas service offerings, while non-solicitation agreements apply to both Texas and Oklahoma service offerings.




LLC Company/Operating Agreements: Types + Pricing


If you already have an LLC formed in the State of Texas or Oklahoma, then a Company Agreement (as they're known in Texas) or an Operating Agreement (as they're known in Oklahoma and other states) may be what you need. Overview: Company agreements, known in other states as operating agreements, are used to establish ownership and set rules for how to run a particular LLC. These agreements serve a vital purpose for every LLC and will remain in effect for the company's entire life cycle. Among the different purposes they service, these contracts define: the LLC's owners an what percentage each owns, how member disputes are handled, how distributions are made and who can make them, how profits, expenses, and taxes are allocated, specific IRS tax elections, and what to do when it's time to shut the company down. A company or operating agreement should cover all of the above for the entire life of your business.

  • Single-Member, Member-Managed LLC Company Agreement: $500
  • Multi-Member (Member-Managed or Manager-Managed) LLC Company Agreement: $850




Assumed Name Filings


Sometimes, you start up a company and want to go by a different name (or have to go by a different name for legal reasons). If you like the name you have and don't want to change it, or simply want to keep it the same because you'd have to change the names on your bank accounts, credit cards, etc, then filing an assumed name or trade name certificate with your state's Secretary of State can solve that problem. Assumed Name Filings (also known as a "DBA", "d/b/a", or "doing business as" filing): $25 + filing expenses





Series LLCs

General Info


If you're planning to form multiple regular LLCs to handle a set of related transactions (or transactions all related to one industry or business), consider starting a Series LLC instead. Not well known even among attorneys, the series limited liability company (Series LLC) is probably the most flexible entity offered in the US. State law allows Series LLCs to create "cells" to house certain assets (such as real estate, vehicles, and even contracts and intellectual property). The main feature of this structure: usually greater limited liability protection than a regular LLC.




Most Often Used For


Typically, Series LLCs are used to buy, hold, and sell real estate. Some lawyers believe it can only be used for real estate. However, state law technically allows Series LLCs to hold almost any kind of asset. In most cases, though, Series LLCs are used for:

  • Flipping or holding real estate (residential and commercial)
  • Entering into large, commercial contracts
  • Holding investments in other companies




Series LLC Packages: Types + Pricing


  • Single-Member Series LLC Package: $1,000 + filing expenses
  • Multi-Member (member-managed or manager-managed) Series LLC: $1,500 + filing expenses
  • Series LLC with Anonymity Features: please consult with one of our attorneys.
In Texas, Series LLCs are required to register the parent entity and each individual cell in the series under an assumed name or trade name. For Texas Series LLCs, the above pricing includes one county and one Secretary of State assumed name filing. Additionally, each cell in the series will receive its own Company Agreement and other formation documents. The above fee includes the formation of one additional cell in the series at no additional cost (except for state and county filing fees passed through to the client).




Series LLC Package + Startup Contracts Package: Types + Pricing


If you're looking to get your business formed and hit the ground running, then our Startup Contracts Package may be for you. We'll form your business and give you the contracts you need to start doing business now. Read more below. Series LLC Package + Startup Contracts Package: Save money by adding one or more of our Startup Contracts Packages to your chosen Series LLC Package:

  • Employment Agreements Package (includes standardized versions of both an Employee Agreements and Independent Contractor Agreements for your business): $500
  • Employee Handbook Package: $1,250
  • Standard Non-Disclosure + Non-Compete Package/Non-Solicitation Agreement: $100*
  • Service Agreement Package (tailored to your business): $750
Please note: The above pricing applies to our business packages offerings and does not apply to services done on an individual basis listed at other price points on our website. *Also note: As non-compete agreements are generally not enforceable in the State of Oklahoma, non-compete agreements apply only to our Texas service offerings, while non-solicitation agreements apply to both Texas and Oklahoma service offerings.




Series LLC Company/Operating Agreements: Types + Pricing


Company agreements, known in other states as operating agreements, are used to establish ownership and set rules for how to run a particular LLC. These agreements serve a vital purpose for every Series LLC: they define how member disputes are handled, how distributions are made and who can make them, how tax matters are to be handled, and what to do when it's time to shut the company down. A company or operating agreement should cover all of the above for the entire life of your business.

  • Single-Member, Member-Managed LLC Company Agreement: $650
  • Multi-Member (member-managed or manager-managed) LLC Company Agreement: $1,150





Corporations

General Info


Corporations are often used for the operation of larger businesses, but are appropriate for some startups and small-value companies. Corporations typically operate according to a set of bylaws, and have stricter corporate governance requirements. If you're starting a corporation, then you'll most likely need a Delaware corporation, since Delaware corporations are the most commonly used corporate entity in America and the entity of choice for Silicon Valley startups.




Most Often Used For


  • Tech companies and startups of all sizes
  • Medium- and large-sized companies with complex corporate structures and different departments
  • Companies seeking venture capital or private equity investment




Corporation Packages: Types + Pricing


  • Delaware Corporation Package: $2,500 + filing expenses (includes a business name check, bylaws, and other standard formation documents)
  • Texas Corporation Package: $1,750 + filing expenses (includes a business name check, bylaws, and other standard formation documents
  • Oklahoma Corporation Package: $1,500 + filing expenses (includes a business name check, bylaws, and other standard formation documents)




Corporation Package + Startup Contracts Package: Types + Pricing


If you're looking to get your business formed and hit the ground running, then our Startup Contracts Package may be for you. We'll form your business and give you the contracts you need to start doing business now. Read more below. Corporation Package + Startup Contracts Package: Save money by adding one or more of our Startup Contracts Packages to your chosen corporation package:

  • Employment Agreements Package (includes standardized versions of both an Employee Agreements and Independent Contractor Agreements for your business): $500
  • Employee Hanbook Package: $1,250
  • Standard Non-Disclosure + Non-Compete Package/Non-Solicitation Agreement: $100*
  • Service Agreement Package (tailored to your business): $750
Please note: The above pricing applies to our business packages offerings and does not apply to services done on an individual basis listed at other price points on our website. *Also note: As non-compete agreements are generally not enforceable in the State of Oklahoma, non-compete agreements apply only to our Texas service offerings, while non-solicitation agreements apply to both Texas and Oklahoma service offerings.




Foreign Entity Name Registration Filings


Delaware corporations operating in a state other than Delaware will have to register their name with the relevant Secretary of State's office. Foreign entity name registrations are done for $50 + filing expenses.





Professional Service Entities

General Info


Professional service entities are usually organized as professional limited liability companies (PLLCs), professional corporations (PCs), or limited liability partnerships (LLPs). There are key differences between each type of professional service, so it's important to understand the desired tax, ownership, and management and control structure of the organization when choosing which to form. For more information, please consult with one of our attorneys.




Most Often Used For


Professional service entities are restricted to certain kinds of businesses, usually those that require an advanced degree and license to practice a certain trade. The major kinds are usually: medical doctors, dentists, lawyers, engineers, architects, psychologists, and psychiatrists. Generally, you must provide a valid, active license to practice one of these particular trades to form a professional services business.




PLLCs


Professional limited liability companies are often used for solo practices or practices with very few members. Some PLLCs, however, will have more complex structures than others, such as PLLCs that are owned by other PLLCs, which is often the case for law firms. Please consult with an attorney to see which structure right for you.




PCs


Professional corporations (PCs) are another popular professional service entity. PCs typically have more stringent bylaws, similar to regular corporations though with some different features. Please consult with an attorney to see if a PC is right for you.




LLPs


LLPs are often used for larger professional service organizations with more complex business structures and ownership. Typically, LLPs will have a mix of at least one general partner (GP) and multiple limited partners (LPs). Please consult with an attorney to see if this structure is right for you.




Pricing


PLLCs:

  • Single-Member: $800 + filing expenses
  • Multi-Member: $1,400 + filing expenses
PCs:
  • Single-Member: $950 + filing expenses
  • Multi-Member: $1,600 + filing expenses
LLPs or Other Partnership Structures: Please consult with an attorney regarding hourly-rate or flat-rate pricing for LLPs.





Restructuring + Reorganization

General Info


For those companies already in business, it may be time to restructure, reassess your tax election, or convert into a different entity. Whatever the case may be, we can assist you with your needs.




Most Often Used For


Restructuring and reorganization of a business is most often used for:

  • Preparation of venture capital or private equity investments
  • Capturing tax savings
  • Siloing assets in separate entities to protect them from creditors of other related entities




Types + Pricing


Due to the time it takes to understand a business's existing structure, our restructuring and reorganization services are done at our normal hourly rate of $250 per hour, unless a fixed price is agreed to in advance by the attorney and client.





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Phone: (214) 736-4462

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Offices in Dallas, TX and Oklahoma City, OK