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Areas of Legal Practice

 

Personal Injury Law

Auto Wrecks

Truck Wrecks

Railroad Wrecks

Wrongful Death

Civil Litigation

Business

Consumer

Divorce and Family Law

Child Custody, Visitation and Support

Protective Orders, Injunctions

Paternity, Termination of Rights

Martial Agreements

CPS Cases

Business Law

Contracts

Business Agreements

Incorporation

Criminal Law

Adult and Juvenile

Probate Law

Wills

Guardianships

Estate Documents

Real Estate Law

Immigration Law

Mediations

Family and Civil

 

What is a Sole Proprietorship

 

There are several types of ways to do business in Texas, and one of them, is as a sole proprietorship. A sole proprietorship is a single owner business and the simplest form of a business entity. Among the advantages/benefits of a sole proprietorship are: Exclusive control: you retain sole control over the management and development of your business. Cheap and easy to form and maintain: almost no formalities are required to create a sole proprietorship (unless certain licenses are necessary for that type of business or to file a D/B/A (Doing Business As)) and the administrative costs are minimal. Some of the disadvantages of a sole proprietorship include: Personal liability: your business is not a separate legal entity and all business debts and liabilities are your personal obligations. You are personally responsible for the business's contracts, taxes, and the misconduct of employees or a co-owner who create legal liabilities while acting within their employment. Although personal liability is a risk for sole proprietors, several things should be kept in mind. First, one can obtain insurance to minimize the effects of personal exposure for some of these liabilities. In addition, personal liability for business contracts is common and normal in any form of small business. To minimize the risks associated with small businesses, customers, landlords, suppliers, and others will often require that the owner assume personal responsibility (sign a personal guarantee) for the business's contract, regardless of the form of your business organization.

It has always been the dream of a lot of Americans to form a business. But I would highly recommend, that before one starts a business, one should consult with an attorney to determine whether a sole proprietorship or another form of business entity would be better suited for your new business.

 

  This firm operates with a  tradition of integrity, common sense, technical expertise and with a principle that "Justice for All" applies to everyone. Further, the firm works for timely resolution of difficult family matters with a minimal level of confrontation, specially when children are involved.

    With the "client's interests at heart," the firm handles divorce and property cases, child custody and support, visitation, adoption, wills, criminal, personal injury, business and other legal matters. Through effective use of state-of-the-art technology, Weismuller Law Firm handles complex cases requiring extensive research and analysis.

 

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Disclaimer
No information or materials posted here are intended to constitute legal advice, and is not applicable to any particular set of facts, especially as to any personal situation. The information contained herein nor the use of it does not establish nor constitute an attorney-client relationship with the Firm or any of its Attorneys.

 

Not Board Certified by the Texas Board of Legal Specialization

 

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