If you are starting a business, you probably have many questions about the process. Let the Weisblatt Law Firm guide you through your startup so that you can rest assured in your liability protection, tax strategy, and other considerations.
In short, the process of incorporating in Texas consists of filing a Certificate of Formation with the Secretary of State. There are many options to consider when preparing your Certificate:
- You must first determine what type of business entity you wish to form. Different Certificates of Formation are required for nonprofit and for-profit corporations. There are also differences in the Certificates for corporations, limited liability companies, professional associations, professional LLCs, and limited partnerships. Your choice of election has consequences for state and federal tax liability. It can also affect the legal liability your company might face in a lawsuit.
- The Certificate of Formation must also include a registered agent who is authorized to accept service of process on behalf of the business. This can be another business (not the business being formed) which is registered to conduct business in Texas. It can also be an individual resident of the state. The Certificate of Formation must also include a registered office address where legal documents may be served upon the registered agent during normal business hours.
- A list of directors and number of shares that the business is authorized to issue may also be required, depending upon the type of business entity that is being formed. These, too, are decisions which affect tax liability, as well as liability for the debts and assets of the business.
The Right Legal Representation for Your Texas Business
Starting a business can be stressful. Starting a successful business is even more overwhelming. Attorney Andrew Weisblatt has been helping business owners access the tools for success for twenty-five years. The Weisblatt Law Firm offers legal and tax advising for new startup businesses, as well as preparation and filing of all required documentation. Call (713)714-4634 to schedule your free phone consultation today. We will ensure you are able to build a successful business from the ground up.