Entity Formation

Entity formation is the process of deciding what type of entity is needed to operate your business. Frank Leffingwell & Associates, PC aids business owners with an assortment of formations, including:

  • Sole proprietorships
  • General partnerships
  • Limited partnerships
  • Limited liability companies (LLCs)
  • C-Corporations
  • S-Corporations
  • Nonprofit corporations and LLCs

Our business formation services are easily customized to fit start-up budgets and more complex establishments. Frank Leffingwell & Associates, PC has extensive experience working with businesses in industries including design, manufacturing, medical, oil and gas, news, and real estate.

If you are launching a business, issues such as liability and asset protection or federal tax concerns may arise. If you are a pre-existing business, converting, adding, and withdrawing owners could be on the horizon. Our firm has numerous solutions for your specific concerns.

For pre-established businesses, we can help with:

  • Liability protection
  • Asset and creditor protection
  • State tax concerns
  • Federal tax concerns
  • Business entity conversions
  • Addition/withdrawal of owners

For start-ups and emerging growth businesses, we can help with:

  • The review of business plans
  • Entity selection founders agreements
  • Employee incentive plans
  • Employment law compliance
  • Governance issues
  • Debt and equity financing
  • Confidentiality and consulting arrangements
  • Joint venture and strategic partner structuring

Representative Transactions:

  • Structured and formed a series of real estate development partnerships for the development of real estate located in northern Austin, Texas valued pre-development in excess of $30,000,000;
  • Provided representation in the division and conversion of a multi-million newspaper business resulting in increased asset protection and franchise tax savings in excess of $30,000 annually;
  • Provided representation to a prominent Central Texas electrical contractor for the purpose of obtaining Minority/Woman Owned Business and Historically Underutilized Business status;
  • Formed subsidiary entities for a multi-million dollar manufacturing and design business transacting business in China and other foreign locales for the purpose of providing tax efficiencies and greatly enhanced liability and asset protection for the business and the owners of the business;
  • Structured, and formed a Nevada-based limited partnership for the purpose of taking on in excess of $4,000,000 of investment from limited partners to acquire, exploit, and license patents for the production of income; and
  • Structured and formed a series of limited partnerships for the purpose of acquiring multiple oil and gas and other mineral interests resulting in gross revenues in excess of $10,000,000 annually for the partners of the limited partnerships and significant asset and liability protections for both the limited partnerships and the partners.