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Business Law

Proven Dallas Attorney Helps Businesses Meet Their Needs

Texas lawyer combines executive, financial and legal experience

The Texas law firm of Mark R. Slough PLLC provides business advice and representation in Dallas and all across Texas. I help clients form companies, draft and revise contracts, raise capital through private placements and resolve business disputes through negotiation or litigation. I am also affiliated with the law firm of Kaplan & Moon, PLLC. This co-counsel relationship allows my clients to capitalize on the firm’s additional resources and work with attorneys who focus on different practice areas.

Reputable firm handles contract creation, negotiation and review

A transactional lawyer is essentially a “relationship lawyer.” Agreements and contracts are used to define the relationship between parties. Fair, reliable contracts form the foundation of a successful business. Whether you need our firm to draft an agreement or you are seeking advice on a contract prepared by another party, I offer knowledgeable counsel. With decades of legal experience and an extensive background in business and finance, I will help safeguard your interests, take advantage of opportunities and avoid potential pitfalls.

Knowledgeable adviser guides businesses through the formation process

Various options exist for a person or company to form a new business entity in Texas, including:

  • Sole proprietorships — A business with one owner is the simplest type, requiring less paperwork to be filed but leaving the owner completely liable for debts and lawsuits against the business.
  • Partnerships — This is like a sole proprietorship but with multiple owners who report profits or losses on their personal tax returns and are subject to personal liability for the partnership’s debts.
  • C or S corporations — These businesses have a distinct legal structure. Owners are not personally liable for the debts that their corporations incur. Annual shareholder or investor meetings with recorded minutes are required. For tax purposes, income and losses of S corporations pass through to the owners. C corporations are taxed on their own.
  • Limited liability corporations and partnerships — These legal entities protect owners and partners from personal liability with a separate legal structure, but taxes are reported personally by owners/partners.

Nothing can guarantee success, but a business law attorney can counsel you on the advantages and drawbacks of each option.

Attorney works to prevent ownership disputes through careful planning

Disputes among partners, shareholders or members pose an existential threat to businesses. Whether the specific conflict arises from the proposed sale of an ownership stake, alleged fraudulent behavior or some other issue, a legal fight could destroy the underlying operation. From inception, my firm creates bylaws, shareholder agreements, company agreements and partnership agreements that state each owner’s powers and limitations in great detail. By drafting an enforceable buy and sell agreement, I can help your business set clear terms regarding the transfer of an ownership share. Whether you’re concerned about minority shareholder oppression or want to make sure that your business has a plan to handle an unexpected departure, I’ll help you establish firm rules based on your particular situation.

Contact an experienced Texas business law attorney today

Mark R. Slough PLLC in Dallas, Texas handles contracts, formation and other business law matters. Call 972-598-9503 or contact me online for a consultation.

 

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