Corporate Formations 2017-03-30T16:25:33+00:00

Forming corporations, companies, joint ventures, and other kinds of business partnerships is an involved and delicate process for every person involved. Corporate formation and structuring requires extensive planning and research that, when executed properly, can bring prosperity to your business and represent the depth of your goals and intentions. Beginning with a strong legal platform will give you the knowledge and assurance that your venture has a successful beginning and a bright future. Dodson Legal Group provides extensive services for corporations, partnerships, and limited liability companies. Our many clients have benefited from our Corporate Review services and our thorough examination of their operations, policies, and legal platform to ensure their corporation is in compliance with local and state laws.

Corporate Structure

Dodson Legal Group offers consultations to help clients decide what type of business entity makes the most sense to maximize operating flexibility, protection of assets, legal protection, and potential dissolution, or to help you determine which structure allows for maximum flexibilities for both your investments and your investors. Our firm is familiar with the intricacies of the following entities:

  • Corporations
  • S-Corporations
  • Limited Liability Companies
  • Limited partnerships
  • Trusts
  • Offshore Corporations and Trust

Business Planning

While no two businesses are the same, one thing that successful businesses all have in common is a solid, thorough, and flexible business plan that not only expresses the nature and intentions of the business but also has detailed projections for the future of that business and its assets. If you are seeking an investor, loan, grant, or some other source of funding to begin your venture, a carefully written business plan that concisely and accurately conveys your start-up requirements and how those assets will be distributed and applied to your business, is a must. Dodson Legal Group creates personalized business plans for our clients and assists them in obtaining start-up capital through various resources so that they can get to work on building the foundation of their business. Each strategic plan is tailored and customized in order to meet your goals and show potential investors, partners, banks, or any other funding entity that you have what it takes to be a success.

Business Capital Services

Such a large part of beginning a venture into the business world involves that first investment, the meeting that gets you the funding you need to get your business off the ground and under way. Dodson Legal Group has assisted in the preparation, of numerous multi-million dollar in private offerings ranging from retail establishments to medical clinics, real estate developments, airline services, manufacturing plants and technology opportunities. These offerings are generally placed through Broker Dealers with Dodson Legal Group assisting in the compliance. Our job is to represent and protect you in those crucial moments that could make your prospective business the success you’ve been dreaming of.

Licensing

Many specialized businesses must be licensed for various purposes. A business in the food industry requires certain health and sanitation licenses and verifications that are different from the kind of licensing needed for a construction company. It is important to know the various licenses that your industry requires, how to obtain them, when they expire, and how those licensing requirements may vary from state to state. Dodson Legal Group offers licensing services to expedite the formation, legalization, and licensing of your business to make sure that you are legally protected and legitimate.

Corporate Counsel

When important decisions need to be made without delay, Dodson Legal Group can provide ongoing legal support for you and your business within 24 hours of notice. Our office can review and evaluate any and all documentation necessary to resolve a dispute or adopt a new venture. We can also continually keep your corporate records up to date and send reminders about other legal formalities that arise. We do everything we can to make sure that we will be there when you are in need of immediate legal counsel, representation, and protection.

Family Limited Partnerships & Other Business Entities

Many specialized businesses must be licensed for various purposes. A business in the food industry requires certain health and sanitation licenses and verifications that are different from the kind of licensing needed for a construction company. It is important to know the various licenses that your industry requires, how to obtain them, when they expire, and how those licensing requirements may vary from state to state. Dodson Legal Group offers licensing services to expedite the formation, legalization, and licensing of your business to make sure that you are legally protected and legitimate.

Shielding Assets From Creditors

A properly structured FLP or LLC can provide protection from creditors, but there are limitations with respect to the extent of asset protection that this type of planning can provide. Most states have adopted some form of the Revised Uniform Limited Partnership Act (RULPA). Under RULPA, a creditor of a partner in a limited partnership cannot be substituted for the debtor partner. Instead, the creditor can petition a court for a “charging order” that gives the creditor the right to receive any and all distributions from the partnership that the debtor partner would otherwise be entitled to receive. Similar laws limit creditors of LLC members to petitioning for a charging order.

For many years, shifting ownership of assets to a spouse whose risk of liability is less than that of the other was a commonly-employed asset protection technique. Subject to the laws against transfers for the purpose of committing fraud, assets owned by a spouse are not available to satisfy a judgment or order against the other spouse.

Some people own very little of their assets in their own name. Instead, they place their assets into a trust, a foundation, or other entity. If a creditor wanted to sue them, they would find that there are very few assets actually owned by the person. Assets owned by the trust, foundation, or other entity, when properly established, are generally not subject to the claims against the individual. In addition, placing assets into an asset protection entity can remove the assets from a person’s ownership and from his or her estate.

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14850 Montfort Dr. Ste. 165
Dallas, Texas 75254

Call: (469) 400-0000

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Denton, Texas 76205

Call: (940) 535-5555

Contact Us

Call Us: (469) 400-0000
Toll Free: 844-4DODSON
Fax: (469) 317 3331
Email: info@dodsonlegal.com