The Limited Liability Company, or LLC, is a legal business structure that seeks to combine benefits from across several other traditional business forms. Limited liability is an advantage that the LLC shares with the corporation, but instead of being taxed as its own entity, it is treated more like a sole proprietorship or partnership for tax purposes. An LLC can also have an unlimited amount of shareholders, like a corporation. However, the LLC is dissolved if one of those members dies or files for bankruptcy. Various forms of limited liability companies have been around for hundreds years, but the modern LLC, like the legislature enacted in Texas, became more popular in the past several decades.

Can My Business Be Formed as an LLC?


Can I Change the Form of My Business to an LLC?

Businesses in Muleshoe may change their forms in certain circumstances. Whether a business may convert to a LLC or not is determined by Texas law.

How Can an Attorney Help?

Attorneys experienced in Texas business law can give you valuable input on whether your business would be more profitable as a LLC.