|(713) 880-2992||Monshaugen & Van Huff, P.C.||1225 North Loop West, Suite 640 | Houston, Texas 77008|
Liability, tax, licensing eligibility and other issues can complicate the decisions business owners have to consider when incorporating or otherwise setting up a hospitality industry enterprise in the State of Texas. It is very important that you choose carefully the form of business entity that will hold your liquor license. Monshaugen & Van Huff, P.C., can provide expert guidance, helping you make the best decision among options that include sole proprietorship, corporation, limited liability company, limited partnership and pure partnership.
Generally, we advise our clients to form either a Texas corporation or a Texas limited liability company. When set up correctly, these entities will afford both limited liability for shareholders, officers, directors, members and managers as well as provide certain state and federal tax advantages. These entities also allow for the efficient transfer of ownership of a business that holds a Texas liquor license.