This infographic, created by Holmes Law, PLLC, illustrates the major benefits and potential drawbacks of forming an LLC (Limited Liability Company) for entrepreneurs and business owners in Texas. Among the positives: asset protection, pass-through taxation, and flexible management. On the downside: formation and compliance costs, self-employment tax obligations, and fundraising limitations. This resource is designed to help business owners make informed decisions about whether an LLC is the right structure for their goals and risk tolerance.
