BUSINESS FORMATION

Starting a business in Texas has the propensity of being a daunting task for some. Depending on the business structure you choose, time is of great concern. Then there are the questions in thought such as: What type of business structure best meets my business vision?  What are the steps to formulating my business? What are the advantages and disadvantages associated with my chosen business structure?  Uncertainty is not fun.

 

Let DLE help you maximize your time, energy, and efficiency in getting a great start to your entrepreneur venture. DLE’s staff provides world-class customer service with professional support.

 

Why use Dinwiddie Lewis Enterprises?

 

Perpetual Benefits:

 

1. Education- Throughout the entire process

2. Quality and expedited formation services

3. Access to Industry leaders

4. One free invitation to business networking mixers* 

5. Competitive pricing

6. Warm and Qualified business Leads**

7. 10% Admission discounts to Annual Business Conference***  

* Networking mixers- 1 free admission with purchase. 

** Warm & Qualified Leads-At DLE's discretion, warm and/or qualified referrals will be made to said businesses.

***Receive 10% admission discounts to the Annual Business Conference. 

BUSINESS ENTITY TYPES

For informational purposes only. This is not a comprehensive list/view of business entity types. 

Sole Proprietorship

A sole proprietorship is the most basic type of business to establish. Own by one person, who also may be the sole employee. The owner receives all the profits but is responsible for all the losses.

Limited Liability Company

A limited liability company (LLC)  feature aspects of partnerships and corporations. Income is taxed only once, as a personal income to partners, and like C Corporations, the partners receive the protection of their personal assets from lawsuits. 

Corporation

Establishing a corporation is more challenging than developing other business entity types. Larger companies with multiple employees typically establish corporations. Personal assets can not be seized to pay lawsuits or debts. Double taxation: Corporation's income and shareholder's dividends are taxed as personal income on their tax returns. 

S Corporation

An S corporation is similar to a C corporation, but you are taxed only on a personal level. 

Partnership

Consist of two or more owners with shared responsibility in making business decisions. All partners share the profits, losses, and unlimited liability in any lawsuit.

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