How Texas’s 2025 Corporate Governance Reforms Could Reshape Entity Selection Decisions For decades, limited liability companies (LLCs) have been the go-to entity for Texas businesses thanks to their flexible structure, simplified management, and favorable tax treatment. But recent legislative developments suggest that Texas lawmakers may be signaling a shift, encouraging businesses to take a closer look at the corporate entity…
For Texas limited liability companies (LLCs), having a well-drafted company agreement is not just a best practice—it’s a crucial step in establishing clear governance, protecting members’ interests, and ensuring smooth business operations. Here’s why a company agreement, crafted with input from legal counsel, is essential for Texas LLCs: 1. Clear Governance and Structure A company agreement serves as the foundational…
