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Texas Business Formation Questions & Answers
2 Answers | Asked in Business Formation, Business Law and Contracts for Texas on
Q: I am trying to create a hold harmless agreement with subcontractors, but I'm not currently an LLC.

I am not currently and LLC, but I am trying to create a hold harmless agreement with some subcontractors. Should I have them sign one now with me as an individual and then have them sign one later to my LLC?

Peter N. Munsing
Peter N. Munsing
answered on Aug 29, 2016

Whoever the contract is with. But you really want to pay for a consultation to review these questions with a business attorney

who focuses their practice on business formation. Your accountant can also have insights.Doing it all yourself off of the web, with all due respect to the vast...
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1 Answer | Asked in Business Formation for Texas on
Q: I'm wanting to start a non profit to help spay/neuter/vaccinate dogs locally. Can Justia help with the paperwork?

I am currently the only person willing to solicit donations for our local pound to get the animals in good health and get them adopted out. City does not provide any assistance other than an Animal Control officer and a place to put the dogs. I solicit for food, blankets and monetary donations for... View More

Anton Pal Montano
Anton Pal Montano
answered on Aug 9, 2016

Congrats on the work you are trying to do. Before setting up a 501(c)(3), please consider that running a nonprofit will involve a lot of tax accounting work each year as you make your annual tax reports to the IRS. An attorney can certainly help you with the formation of the nonprofit corporation... View More

1 Answer | Asked in Business Formation for Texas on
Q: Can I buy a plumbing franchise with ok credit?
Anton Pal Montano
Anton Pal Montano
answered on Jan 22, 2016

Buying a franchise can be a good way to enter into a business. Unfortunately, it is difficult to answer your question without more information. Much of the relationship between franchisor and franchisee is contractual. Thus, each franchisor may have specific requirements regarding credit for... View More

1 Answer | Asked in Business Formation for Texas on
Q: Choosing right type of contract

hi, I am planning of developing a software with help from my friend who has a company. We want to develop this product which is my idea through my friend's company developers. After product is completed I will market and sell it and we will share the profits. What kind of contract/agreement... View More

Adam Studnicki
Adam Studnicki
answered on Aug 29, 2015

The name of the contract isn't as important as the contents, and the contents are very important to protect you. Talk to a local business lawyer about getting a contract in place (that addresses IP ownership, rights, responsibilities, insurance, indemnification, revenues and many other... View More

1 Answer | Asked in Business Formation for Texas on
Q: Forming an Entity Question

If a client comes to you seeking to form an entity for his one-man business as a consultant in the oil & gas industry, would you suggest that he form an LLC or an S-Corp?

The client's projected annual gross income is $450,000. He has business expenses, but no employees. Would... View More

Adam Studnicki
Adam Studnicki
answered on Aug 29, 2015

Talk to a CPA about which tax situation is best. An LLC can be taxed as a sole proprietorship (if it only has one owner) or an s-corp (or a c-corp). A business lawyer can help with the entity selection and formation.

Please Take Notice: I am not your lawyer unless we enter into an...
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1 Answer | Asked in Business Formation for Texas on
Q: I would like to import classic cars (over 25 years older) and wine from Spain to USA. What type of company do I need?

I am a USA citizen.

Adam Studnicki
Adam Studnicki
answered on Aug 29, 2015

A business lawyer can advise based on your specific circumstances. I'd also talk to a CPA.

Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is general information that is given for legal education only. It is not legal advice, and...
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1 Answer | Asked in Business Formation for Texas on
Q: Do you have a certificate of conversion of a for profit corporation to a non-profit corporation form???
Douglas J. Shumway
Douglas J. Shumway
answered on Aug 5, 2013

The most up to date forms can often be found on the applicable State's website relating to corporate filings. There might be a few attorneys out there that still use their own forms that they update from time-to-time to comply with changing statutes, but most corporate lawyers just utilize... View More

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