Call Today 281.677.3474
Contact
Our Firm

Fill out our form to contact our team.

  • Please enter your name.
  • This isn't a valid email address.
    Please enter your email address.
  • This isn't a valid phone number.
    Please enter your phone number.
    You entered an invalid number.
  • Please enter a message.
    Please select an option.
Small Firm Attention.
Big Firm Results.
No Better Place to Be Than in Our Hands.

Establishing a Professional Entity

Serving Business Leaders, Corporations, Organizations, and More in Pearland, TX

At Smith, Reed & Armstrong, PLLC, our mission is to help you lay the ground work for a successful business, organization, association, or other professional entity. Our business formation attorneys know how to do everything from educating you on your options to helping you complete the necessary paperwork. Don’t go in alone, and don’t wait to bring in reinforcements.

Call (281) 677-3474 to speak to one of our attorneys or contact our firmto schedule a consultation.

What Is a Professional Entity?

A professional entity is an association, corporation, or limited liability company (LLC). You will only be required to establish your group or organization as a professional entity if the professional services you will be providing are among those listed on the Texas Secretary of State website. You may also be required to do so if you want to organize your entity as a corporation or LLC and you will be performing professional services.

Transfer of Ownership Interest in a Professional Entity

Transferring ownership interest can be tricky when managing an organization, and you will certainly need the help of a business formation attorney to do it. Ownership interest in a professional entity in Texas may be transferred to any of the following:

  • The owner of the entity
  • The entity itself
  • An authorized person (unless limited by the governing documents of the professional entity or an applicable agreement)

Key Provisions for Professional Entities Under the BOC

There is an important provision the Texas Business Organizations Code (BOC) that speaks to liability for members of a professional entity. According to Sec. 301.010, “a professional entity is jointly and severally liable for an error, omission, negligent or incompetent act, or malfeasance committed by a person who 1) is an owner, managerial official, employee, or agent of the entity; and 2) while providing a professional service for the entity or during the course of the person’s employment, commits the error, omission, negligent or incompetent act, or malfeasance.”

Call (281) 677-3474 to speak with a business formation attorneyin Pearland.

Why Trust Us?

  • Our boutique firm is focused on the needs of all businesses.
  • We provide legal guidance to individuals and businesses.
  • Spanish-speaking services are available for bilingual clients.
  • We accept cash, checks, and credit card payments.