Attorneys Frisco, P.C. - Corporations - Lawyer - Attorney

Corporations

Do We Do Them?

Corporations, partnerships, joint ventures, professional associations for doctors, non-profits, you name it! Yes. Attorneys Frisco, P.C. is on a credit-card basis with Austin. We can get your Tax I.D. Number, have you elect to be a "Sub S", change your corporate name, and more.

What's The Difference?

Quite a bit. Partnerships are the easiest to put together and don't normally register in Austin, but they expose you to personal liability. Joint Ventures are partnerships (often of companies) to accomplish a specific task. [We use these to run a business when it has been split up upon the death of the founder, for example.] Corporations are legally created entities registered in Austin (Secretary of State's Office) where ownership is evidenced by stock certificates and loss is (generally) limited to your investment. There are several kinds of corporations. Professional Associations are limited liability associations of various licensed professionals.

Bells and Whistles?

Attorneys Frisco, P.C. once lost a non-compete case where a business broke up and the other side obtained a "Texas and surrounding states" injunction against our client. Not agreeing with the trial judge, and not wanting to wait to the end of the case to appeal, Mr. Burke filed a Writ of Mandamus with the Court of Appeals. It was denied before our car was back in the parking lot. A couple of months later, the cover story for the Texas Bar Journal (the State Bar's monthly trade pub) was on the enforcement of "non-compete" clauses. The cover story cited new law and the authorities cited by Mr. Burke in his Writ App. A phone call quickly dissolved the injunction and the case.

Buy-Outs

Gotta do them if you think a partner or major stockholder may divorce, die, or retire. Think about doing business with your partner's kids-or their guardian. Think about the president of your company losing his share of the stock to an EX-somebody in divorce court. Or trying to get bought out so you can retire, only to find out you think the stock is worth a lot and they think they can get along without you but not the cash.

Do We Do Them?
	Corporations, partnerships, joint ventures, professional associations for doctors, non-profits, you name it! Yes. Attorneys Frisco, P.C. is on a credit-card basis with Austin. We can get your Tax I.D. Number, have you elect to be a "Sub S", change your corporate name, and more.
What's The Difference?
	Quite a bit. Partnerships are the easiest to put together and don't normally register in Austin, but they expose you to personal liability. Joint Ventures are partnerships (often of companies) to accomplish a specific task. [We use these to run a business when it has been split up upon the death of the founder, for example.] Corporations are legally created entities registered in Austin (Secretary of State's Office) where ownership is evidenced by stock certificates and loss is (generally) limited to your investment. There are several kinds of corporations. Professional Associations are limited liability associations of various licensed professionals.
Bells and Whistles?
	Attorneys Frisco, P.C. once lost a non-compete case where a business broke up and the other side obtained a "Texas and surrounding states" injunction against our client. Not agreeing with the trial judge, and not wanting to wait to the end of the case to appeal, Mr. Burke filed a Writ of Mandamus with the Court of Appeals. It was denied before our car was back in the parking lot. A couple of months later, the cover story for the Texas Bar Journal (the State Bar's monthly trade pub) was on the enforcement of "non-compete" clauses. The cover story cited new law and the authorities cited by Mr. Burke in his Writ App. A phone call quickly dissolved the injunction and the case.
Buy-Outs
	Gotta do them if you think a partner or major stockholder may divorce, die, or retire. Think about doing business with your partner's kids-or their guardian. Think about the president of your company losing his share of the stock to an EX-somebody in divorce court. Or trying to get bought out so you can retire, only to find out you think the stock is worth a lot and they think they can get along without you but not the cash.