Plano, TX asked in Tax Law, Business Formation and Business Law for Texas

Q: Can I use an LLC I started for photography to publish a book that's not about photography?

Are there any legal or tax implications I should be aware of if I use my existing photography-focused LLC to publish a non-photography related book, and do I need to update my LLC’s operating agreement or business filings to reflect this new activity?

1 Lawyer Answer
Jeff Trevillion Jr.
PREMIUM
Answered

A: Generally, a limited liability company (LLC) or other business entities may conduct any lawful business, unless the type of business operations were restricted at the time of formation with the secretary of state. Normally, broad and generalized language is used when forming a business entity because operating outside of the stated business purpose could negate the corporate/liability protections offered by the state law where the business entity is formed.

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