According to Plano Business Lawyer Mike Young, the City of Plano is one of the fastest growing pro-business communities in North Texas. From Fortune 500 companies to tech startups, this Collin County city prides itself in helping companies grow in a low tax environment.
If your venture is either based in Plano, Texas, or is looking to relocate, you’ll want to set up a consultation today with Attorney Young to discuss your company’s legal needs. Let’s discuss a single project or whether ongoing representation as your company’s outside general counsel makes sense.
Plano Business Lawyer Legal Services
As a transactional business lawyer, you can expect Attorney Young to focus on preventing lawsuits and government investigations. The goal is to create a safety net that gives you peace of mind as you start, grow, buy, or sell a business. In addition to providing legal advice, this means creating, reviewing, and revising contracts and other legal documents that help protect you.
If you’re looking for someone to represent you in a lawsuit, that’s a different area of practice done by other lawyers. Here are the primary areas of legal representation handled by Attorney Mike Young for business clients.
- Technology Contracts
- Software Licenses
- Internet Startup Help
- Buy or Sell a Business
- Website Legal Help
- Texas Business Entity Formation (corporations and LLCs)
Key Facts about Plano TX
If you want to start a new venture or relocate a business to Plano, Texas, it helps to understand the current local economy. This will affect you far more than you realize, and it is a great way to know what you are getting into.
Now the unemployment rate in Plano is just 3.1% and annual job growth is 3.43%. In 2018, WalletHub named Plano as the best place to find a job in Texas.
Over the next 10 years, the amount of jobs in the area is expected to rise by over 42.30%. Of course, you should also note that Plano is full of opportunity and it is home to plenty of businesses so far.
The median income for every household is $83,193 and the workforce is highly educated. Most workers have at least a bachelor’s degree.
In addition to major state universities, such as Texas A&M and University of Texas (Austin), employers can recruit locally from SMU, UTD, and Collin College. The latter started as a community college but now has grown to where it has 7 campuses, nearly 30,000 students, and offers students the opportunity to earn four-year degrees.
There are two particularly hot growth areas within Plano for businesses.
First, there is the area in West Plano, particularly near the intersection of the Dallas North Tollway and Highway 121. In addition to the existing offices for HP (formerly EDS), Dr. Pepper/Snapple, and other major corporations, there’s been a sudden influx of new jobs.
Toyota recently moved its U.S. headquarters to the intersection of Highway 121 and Legacy Drive (near the Shops at Legacy and the new Legacy West development). FedEx added a regional office nearby, and there’s an Amazon regional office too in the Granite Park office complex.
The insurer Liberty Mutual is relocating thousands of jobs to Plano as well as hiring thousands more local workers. USAA already has a tech office in the city. Chase also consolidated thousands of banking jobs in a new Plano office.
3/3/2016 Update – a prior version of this article referred to Liberty Mutual jobs relocating from Boston to Plano. That is incorrect. In fact, the jobs being relocated are from Irving and Richardson, Texas (not Boston) as well as other undetermined locations.
Second, historic downtown Plano just to the East of I-75 (Central Expressway) is experiencing growth through gentrification and urban renewal.
While maintaining local shops and the historic Plano Masonic Lodge #768, the downtown area near 15th Street is growing with new condos, town homes, restaurants, coffee shops, and improvements designed to make this a pedestrian-friendly community.
One of the perqs for this area is the recent expansion of the Dallas DART rail line to the area. This makes it easy for commuting to downtown Dallas without driving.
Of course, you can learn more about business opportunities at the Plano Chamber of Commerce website.
According to Plano Business Lawyer Mike Young, the city is the epicenter of entrepreneurial opportunity in North Texas. “If you’re looking for a great place to grow your company and raise a family, Plano should be one of the places you consider,” he said.
Need A Business Lawyer In Plano, Texas?
And if you’re looking for a business lawyer to represent your existing company or a new start-up in Plano, it’s time to schedule a consultation with Attorney Mike Young. Mike’s law firm has been based in West Plano since 2007.
Granite Park photo credit: Danny20111993 and used per CC BY-SA 3.0