Business Formation & Planning – Selecting The Right Entity

Your Success May Hinge On Your Chosen Business Entity

Solid Groundwork On Business Formation & Planning Can Lead To Success

The biggest reasons businesses tend to go under are the lack of real foundation during formation, lack of business planning, vulnerabilities, and limitations that don’t come to light until the company expands and changes.  It’s a time when the owners experience both internal and external conflicts and threats that lead to irreparable damage.

When you need help to get the business off the ground and maintain its success, our lawyers at Pratt Law Group in Texas will help you every step of the way. We will help you with choosing the best entity and create ownership agreements. We work to do the following:

  • Identify possible problems

  • Look at potential tax and personal liability exposure

  • Make sure everybody invested in the company understands what’s happening and what will happen

We Help You Form A Business Structure Best For You

Stakeholders will have many concerns when it comes to choosing the business entity and agreements. This is why our experienced attorneys will help you wade through the various factors to help you realize the best business structure. Our attorneys have assisted clients establish every kind of entity and produced companion agreements including but not limited to:

  • Corporation (C-corp or S-corp) and shareholder agreement
  • Family limited partnership
  • Limited liability company and operating agreement
  • Limited partnership or limited liability partnership and partnership agreement
  • Sole proprietorship
  • Sole proprietorship
  • Professional corporations

We have assisted accountants, attorneys, dentists, doctors and others with a business formation. We will advise you on the advantages and disadvantages of establishing a professional associating, professional corporation or professional limited liability company.

We Offer Clarity While Sharing Your Vision

Most new businesses are established as limited liability companies, as it provides ample flexibility, casual administration, etc.  Although there are many benefits to it, it doesn’t mean it’s the right entity for your company. Our lawyers will work with you to find the best entity denotation based on the following factors:

  • Overall Business Planning
  • Risk tolerance
  • Personal goals
  • Investment
  • Shareholder, operating and partnership agreements
  • Business owners and co-owners’ goals

Send Us A Message

Mr. Pratt and his staff are always a delight to work with! Very professional and Detailed! Love this law firm!!

D .Smith

Amazing experience, get your living will here at Pratt Law highly recommended. Very well organized…

T. F.

Call Us When You’re Starting A Business

We have assisted professionals and entrepreneurs in all kinds of industries in the major metro areas of Texas. If you need help with establishing your business, ensuring it gets on solid footing, reach out to us at (888) 517-4575, or you can use the online contact us feature to set up a consultation.

Why Choose The Pratt Law Group?

  • We are compassionate and truly care about the outcome of your case.
  • We provide personal attention through every stage of your case so you feel informed and know what to expect.

  • We take the time to get to know you so we can address your concerns.

  • We have the legal knowledge to provide accurate insight and the right approach to your particular case.

Pratt Law Group

A Reputation For Excellence

Get Answers To Your Legal Questions

Speak With An Attorney Today

“When you contact the Pratt Law Group, we give you our undivided attention to understand your legal situation and needs. We will develop a personalized strategy to attain a positive outcome.”

Darryl Pratt

Founder of the Pratt Law Group

Experience When You Need It Most

The Pratt Law Group has a reputation for navigation complex legal issues and developing innovative legal solutions.


The lawyers at The Pratt Law Group will not keep you waiting. Our attorneys promptly respond to emails and offer same-day telephone or in-office consultations in most cases.


Our firm has been trusted by countless individuals including politicians, athletes, corporations, and thousands of Texas and Oklahoma citizens. Our relationships with our clients are very important to us.


We know that results matter. It is our firm’s goal to achieve the best outcome for our clients and we will use a wide network of specialists and experts to achieve the best possible outcome.

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Providing The Best Legal Representation In Texas

The Pratt Law Group Is Established And Respected Across Texas.

“Your Attorneys. Your Counselors and Advisors. Your Trusted Legal Team for Life!”

The Pratt Law Group

  • Living Trusts & Wills & Estate Planning

  • Probate & Trust Administration

  • Business Formation & Succession Planning

  • Private Charitable Foundations and Nonprofit Entities

  • Elder Law & Medicaid Planning

  • Asset Protection Planning

  • Bankruptcy (Chapter 7)

Your Business, Estate Planning, Probate, and Bankruptcy Attorneys.

Our Office is With You Every Step of The Way.

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