or Forming a Limited Liability Company (LLC) in Texas
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We've compiled for you here material commonly associated
with incorporating or forming an LLC in Texas. While
we strive to maintain correct and current information, we
cannot guarantee its accuracy and strongly recommend you
verify all considerations and consult with a qualified
professional before incorporating or forming an LLC.
owners interested in maximum limited liability protection
for their business in a “business friendly” state
should seriously consider incorporating or forming an LLC
in Texas. As one of the top
10 states having the most favorable tax climate for businesses,
Texas is home to a large number of successful companies.
- One or more persons can form a Texas corporation.
- A Texas corporation can have one or more directors.
- Corporate officers must consist of at least a President
- One person can be the sole director as well
as hold all of the offices in a Texas corporation.
Costs & Taxes
- Texas ranks as one of the ten best states in the Tax Foundation’s 2007 State Business Tax Climate Index.
- Texas has no corporate income tax.
- Texas has no personal
- A Texas corporation can issue stock for capital,
labor, services, and property as determined by the board
- A Texas franchise tax is imposed on Texas
corporations as well as any other corporations that do
business in Texas.
- In Texas, the certificate of incorporation
must state that the corporation has received consideration
of at least $1,000 value for issuance of its shares.
does not recognize any special tax status for S corporations.
- The name and address of the organizer(s) of a Texas corporation
must be listed in the certificate of incorporation.
- The name and address of the director(s) of a Texas corporation
need not be listed in the certificate of incorporation.
- The names of Texas corporation shareholders are not part
of any public record.
- There is a Public Information Report listing the officers
and directors of a Texas corporation.
- Requirements for reporting
and disclosure are minimal.
If you are considering forming your corporation or LLC in
Texas but you will not operate there, your company must foreign
each of the other states in which you will be doing business,
and your company must have a registered
your state of formation as well as each of the states in
which you foreign
IMPORTANT: MaxFilings always advises you
to consult with a professional who is familiar with all current
laws and regulations that are applicable in your jurisdiction.
And always seek the advice of a qualified “accountant”, “tax
advisor” or “financial planner” when addressing
tax issues. They are not only very complex but they are also
subject to interpretation.
setting up your Texas Corporation or LLC now