RLLPs and LLCs: Practical Considerations About Limited Liability Partnerships and Companies
By Byron F Egan *
SB 441, SB 555 and the Check-the-Box Regulations have enhanced the options available when organizing an entity in Texas. Each of the five entities has a place in Texas. As lawyers we must consider the characteristics of each, as modified by the 1997 and 1999 changes, in guiding our clients in their choices among entities.
* Copyright © 1999 by Byron F. Egan. All rights reserved.
Byron F. Egan is a partner of Jackson Walker L.L.P. in Dallas, Texas. Mr. Egan is a former Chairman of the Texas Business Law Foundation and is also former Chairman of the Business Law Section of the State Bar of Texas and of that Section's Corporation Law Committee.
The author wishes to acknowledge the contributions of the following in preparing this paper: Daniel G. Easley, Steven D. Moore, Janie L. Treanor, Bradley L. Whitlock and John R. Williford of Jackson Walker L.L.P.; Elizabeth S. Miller of Baylor University School of Law; and Carmen Flores and Lorna Wassdorf, Office of Secretary of State of Texas.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
