400 W. 15th Street, Suite 900
Austin, Texas 78701
P: (512) 861-8202
F: (512) 861-6248
In an ever-increasing litigation world, it is vital for individuals to understand exposure to lawsuits and creditor claims. We assist clients in recognizing particular creditor exposure through a detailed analysis of a client's holdings to determine exposure from business and personal liabilities. Sharpe & Associates and Sharpe Blumoff can advise clients in multiple areas to reduce or eliminate such exposure, including:
The Family Limited Partnership (FLP) and the Limited Liability Company (LLC) are two of the primary asset protection tools used in Texas. Structuring an FLP or LLC requires careful planning and sensitivity due to the changes in federal and Texas case law. We understand and appreciate how structuring FLP and LLC ownership, management, and funding can determine whether a client is able to achieve the desired benefits. We work with the family, the family office, and other client advisors, including investment brokers, financial advisors, insurance agents, and CPAs to properly structure the FLP or LLC according to the client's particular needs.
Using a collaborative team approach, our attorneys model a variety of scenarios to arrive at an optimal structure.
Our clients often implement FLPs and LLCs to -
Whether starting a new business or formalizing an existing venture, it is crucial to do so under the asset protected veil of an entity. Failure to not only conduct business under the protection of an entity, but also to follow the entity's specific formalities can expose the business owners, investors, lenders, and managers to the business liabilities. There are a number of considerations that must be examined when determining which structure is right for each client. Sharpe & Associates and Sharpe Blumoff advise clients in not only establishing the entities listed below, but also in helping our clients properly maintain the business through conducting annual meetings and drafting contracts, promissory notes, resolutions, buy-sell agreements, minutes and various other business documents:
Contact our offices at 214-742-6065 (Dallas), 512-861-8202 (Austin) or contact us online. The Dallas office primarily serves clients in Dallas County, Tarrant County, Collin County, Denton County, and the surrounding communities. The Austin office primarily serves clients in Travis County, Bexar County, Williamson County, and the surrounding communities.