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Entity choice in Texas: What do you need to know?

July 16, 2021

There are key differences between Texas and Delaware LLC law that business attorneys must consider when choosing entity type and jurisdiction for large transactions.

In an upcoming complimentary CLE* webinar, Texas business attorney Byron Egan of Jackson Walker L.L.P. will take a careful look at the laws governing LLC formation in Texas and compare them to those in Delaware, a prominent forum for LLC formation. The program will highlight key differences between the states' LLC statutes, and explain what practitioners should keep in mind when selecting a jurisdiction for forming and operating LLCs, in Texas and around the country.

Mr. Egan and his colleague Zachary P. Ward will examine certain fundamental provisions of Texas Business Organizations Code (BOC) and the Delaware Limited Liability Company Act, and discuss relevant Texas and Delaware cases and applicable federal, Texas, and Delaware tax considerations.

Discussion topics include:

  • Differences in the court structures of Texas and Delaware
  • Texas and Delaware fiduciary duties, applicable cases, and relevant statutes
  • Dissimilarities as they apply to mergers and acquisitions
  • Entity formation and implications of federal and state taxes

Attendees will leave the program with a better understanding of the meaningful differences between Texas and Delaware business entity law, with a particular focus on implications of LLC statute and case law differences. 

About the Presenter

Byron Egan is one of the industry’s leading authorities on choosing and leveraging entities to do business. He’s been listed in “The Best Lawyers in America under Corporate, M&A or Securities Law” for over 20 years, and is the only attorney to win the Burton Award for distinguished legal writing four times. He is the author of Egan on Entities, an authoritative guide to the selection, acquisition, and governance of entities, including fiduciary duties.

Event information

Date:   Wednesday August 3, 2021

Time:   11 A.M. ET/10 A.M. CT

Presented by:   CSC, LexisNexis, CSC, Jackson Walker L.L.P.

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*CLE is approved or in the process of approval for 60 minutes of CLE credit. The type of credit allowed will be determined by the state governing MCLE Board. To verify the approval status of a jurisdiction, email cle@lexisnexis.com.