Key Harrington Barnes, PC

Posts tagged "ownership"

Strategic partnerships may benefit Texas businesses

Strategic partnerships are formed when two business entities collaborate for a mutually beneficial purpose. A legal contract, which delineates the obligations and rights of each partner, defines the partnership. This contract creating and defining a strategic partnership must designate the responsibilities, obligations and contributions of each partner.

How to choose a business structure

There are several factors to consider when selecting a business structure in Texas such as the ease of transfer of ownership interests, continuity, management and tax liability. The most common structures are limited liability companies, corporations, general partnerships and sole proprietorships.