Texas LLCs are becoming the entity of choice for private deals because they allow the parties more flexibility in structuring the duties among owners—including fiduciary duties—and how the owners will be taxed, according to Texas attorney Byron Egan.
Egan, a partner with Jackson Walker and the author of EGAN ON ENTITIES: Corporations, Partnership and Limited Liability Companies in Texas, will address this topic at the upcoming Texas Bar program “CLE Essentials of Business Law: Practical Considerations,” in a presentation entitled “Choice of Entity and Tax Considerations.” Eight LLCs are formed in Texas for every corporation, Egan notes, as compared to Delaware’s 3.6 LLCs per corporation.
Egan provides expert insight into entity choice in the Second Edition of EGAN ON ENTITIES, published by LexisNexis alliance partner CSCPublishing. The treatise, developed by the author as a way to collect experiences in dealing with the formation, governance, sale, and termination of entities, provides comprehensive coverage on corporate, partnership and limited liability company law. Combining both scholarly analysis and practical guidance on business entity law, the treatise is a valued resource for business leaders, in-house legal departments, and academic institutions.
The two-day “CLE Essentials of Business Law: Practical Considerations” is the Texas Bar’s 10th Annual Course. This CLE event will be held March 14-15, 2019 in Dallas. Click here to learn more about the course and register.
Click here to learn more about EGAN ON ENTITIES: Corporations, Partnership and Limited Liability Companies in Texas, or to purchase a copy of the treatise.