Meineke Law

14027 Memorial Dr., #444 Houston, TX 77079

Business Law Newsletter

  • Remedy for Fraudulent Transfers of Property
    A constructive trust is a remedy imposed by a court when a person has wrongfully attained property in an inappropriate way. The court will undo the transaction and order that title to the property go to the rightful... Read more.
  • Federal Rights & Remedies for Unauthorized Use of Trademarks
    Trademarks are important tools used to protect both consumers and sellers of goods or services. Trademarks identify the origin or source of a good or service, allowing consumers to make informed decisions regarding quality. Trademarks... Read more.
  • Business Methods are Patentable
    “Business methods” generally include any methodologies that are involved with operating a business, such as online ordering processes. Prior to 1998, the U.S. Patent and Trademark Office (USPTO) rarely granted patents to... Read more.
  • Infringing Trademarks through Keyword Advertising
    Over the past few years, Internet search engines, such as Google or Yahoo, have generated large revenues by selling advertising through sponsored links or pop-up ads. For example, businesses pay a fee to Google to have their... Read more.
Business Law News Links

Sole Proprietorship, Partnership, or Corporation?

If you are thinking of starting a business, you have many important decisions to make. One of the most important of these is choosing your business entity.

There are a number of different types of business entities, and each has its own set of advantages and disadvantages.

The most common types of business entities are:

  • Sole proprietorships
  • Partnerships
  • “C” corporations
  • “S” corporations
  • Limited liability companies (LLCs)

In choosing your type of business entity, you must ask yourself the following questions:

  • Do you want to maintain total control over your business, or do you want to have partners?
  • If you choose to have partners, will they all be treated the same?
  • Do you plan on providing your products or services to the local community, or are your products or services going to be marketed nationally or even internationally?
  • Do you want people to invest in your business and own a part of it?

You must also consider the legal implications associated with each business entity type.

  • Do you wish to have yourself protected from personal liability, or is your business generally one with little or no liability risk?
  • Are you planning on employing a large number of people?

The Internal Revenue Service (IRS) treats various business entities differently according to the applicable tax laws. Also, depending on the type of business entity you choose, you may be filing more than one tax return each year.

When starting a business, it is important that you understand the advantages and disadvantages of each type of business entity. You must carefully decide upon the business entity that best suits your objectives.

14027 Memorial Dr., #444 Houston, TX 77079
Tel: (713) 463-6000