Business Succession & Wealth Strategy in Texas
Texas's business-friendly environment and lack of state income tax attract owners nationwide — but the scale of Texas enterprises, from energy to manufacturing, means succession gaps carry outsized financial consequences.
Why Texas Business Owners Need a Specialized Advisor
Texas is home to energy, manufacturing, healthcare, technology, and one of the largest logistics and distribution corridors in the country. Business owners in Texas benefit from no state income tax and favorable entity laws, but the sheer scale of many Texas enterprises means that unfunded buy-sell agreements, unaddressed key-person risk, and unstructured estate plans can trigger seven- or eight-figure tax bills and forced business sales. The planning stakes are simply higher when enterprise values are larger.
SRG Consulting PLLC works with closely held business owners across Texas to connect commercial funding, succession planning, buy-sell funding, key-person protection, executive benefits, and estate strategy into a single coordinated architecture. We coordinate with your existing CPA and estate attorney rather than replacing them.
Succession Planning
Design an exit, transfer, or sale on your terms — not your successor's.
Buy-Sell Funding
Ensure ownership transfers are executable the moment they are triggered.
Key-Person Protection
Protect enterprise continuity from the sudden loss of critical leadership.
Executive Benefits
Retain top talent with deferred compensation and golden handcuffs.
Estate & Trust Strategy
Mitigate estate taxes and protect family wealth through advanced trusts.
Commercial Funding
SBA loans, equipment financing, and working capital for growth and acquisition.
Key Industries We Serve in Texas
- Energy & Oilfield Services
- Manufacturing & Industrial
- Healthcare & Medical
- Technology & Software
- Logistics & Distribution
- Construction & Real Estate
TX Regulatory & Tax Context
Texas follows the Uniform Trust Code and offers strong LLC charging-order protection. Texas also has specific rules around community property that affect estate and succession planning for married business owners. SRG Consulting PLLC coordinates with Texas estate attorneys to ensure community property and trust structures are properly drafted.
Texas has no state income tax and no state estate tax. However, federal gift, estate, and GST taxes remain the primary exposure. Texas community property rules also create unique basis considerations that affect both estate tax and capital gains planning.
Frequently Asked Questions
How does Texas community property affect my succession plan?
Texas is a community property state, meaning a spouse may have an interest in business assets acquired during marriage — even if the business is titled in only one spouse's name. This affects buy-sell agreements, trust funding, and estate distribution. Your succession plan must account for community property interests to avoid disputes and unintended tax consequences.
I own an oilfield services company — what's my biggest succession risk?
Oilfield services companies face cyclical revenue, specialized equipment financing, and key-person dependencies tied to technical expertise. Your succession plan needs funded key-person coverage, a buy-sell agreement that accounts for equipment encumbrances, and a valuation methodology that normalizes cyclical earnings rather than capturing a peak.
Does Texas's lack of state income tax mean I can skip trust planning?
No. While Texas eliminates state-level income and estate tax, federal transfer taxes remain significant for business owners with substantial enterprise value. Trust-based freeze strategies, ILITs, and valuation discounts are still essential for managing federal exposure and ensuring business continuity.
Start With The Business Owner Exposure Score™
Identify your exposure across funding, succession, key-person protection, buy-sell planning, estate transfer, and wealth preservation.
Take the Exposure Score Assessment