A corporation is a legal entity that is separate and distinct from its owners. Corporations possess most of the rights and responsibilities that individuals possess. For example: Corporations can enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Our Business attorneys in Rockwall can help you set up a corporation and walk you through your legal needs.
Creation of contracts for new Businesses, investors, Buy-Sell agreements.
A Family Limited Partnership (FLP) is a type of arrangement where family members pool money to start and/or run a Business. Each family member buys shares of the Business and can profit in proportion to the number of shares he or she owns, and as outlined in the partnership operating agreement. Contact our Business attorneys in Rockwall for more information.
A limited liability company (LLC) is a corporate structure where the owners are not personally liable for the company’s debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. Contact our team of corporate and small Business lawyers in Rockwall for more information on forming an LLC.
Review existing contracts in order to advise client on potential risks and underlying terms of the contact before it becomes binding.
Is a partnership in which some, or all partners (depending on the jurisdiction), have limited liabilities. As a result, an LLP can exhibit elements of both partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. If you’re considering an LLP, Atrium’s corporate and small Business lawyers in Rockwall have the information you need.
A non-profit organization is organized for purposes other than generating profit and in which no part of the organization’s income is distributed to its members, directors, or officers. Our Business attorneys in Rockwall can help you get your 501 c(3) off the ground.