Yes! Although the Posey Law Firm works with entrepreneurs and new business owners in Austin and throughout Texas, ensuring they have the best entity choice for their startup needs, we also work with established business owners who need help restructuring an existing business, and we monitor our clients’ businesses to advise them if they can benefit from business entity restructuring.

Many business owners can benefit from restructuring their business entity and tax and legal structures if they have outgrown their original structure. Sometimes, restructuring may involve spinning off certain departments into subsidiaries in order to take advantage of tax breaks. Other times, it is in the best interest of the business to dissolve one entity and transfer everything—assets, debts, and liabilities—over to a new business entity. 

As an Austin business entity attorney, I can advise you whether you may need to consider business entity restructuring and which entity choice would be best for your company. Every business is different in size and complexity and will require a comprehensive plan of business entity restructuring and consultation to make sure your business is justified in restructuring and will reap the benefits of transferring to a new business entity. 

If you are interested in finding out if restructuring your business will be beneficial, or if you are reluctant to restructure due to the costs, the Posey Law Firm can provide you with a consultation and cost-benefit analysis to help you determine if this is the right or wrong move to make at this time. Call us toll-free at 888-269-1962 or locally at 512-646-0828 to schedule a consultation today.