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Are the people working in your business “employees” or “independent contractors”? Correctly classifying workers is important because misclassification can be costly. The Department of Labor seeks to protect “employees” who are entitled to minimum wage or overtime earnings under the Fair Labor Standards Act and employers can be held liable

The “big three” for-profit entities that can be formed under the Texas Business Organizations Code (“TBOC”) are corporations, limited partnerships and limited liability companies, with LLCs as the clear “entity of choice” today. The Limited Liability Company Law under the TBOC provides significant flexibility in structuring management and ownership of