Each state has different requirements for forming a corporation. Whether you are starting a business or incorporating a business already in existence, you’ll want to understand state requirements for Texas incorporation.
The name must contain either the word or an abbreviation of "Corporation," "Incorporated," "Company" or "Limited." Symbols cannot be used in the name. Names submitted with superscript letters or numbers or subscript letters or numbers will not appear in that format in the official company name. (For example, H 2 0 would appear as H20.) The name may not contain the word "Lottery." The name must not imply a purpose other than that stated in the Certificate of Formation. It may not be the same as or deceptively similar to the name of any domestic or foreign corporation or reserved or registered name. However, a name already in use may be used if the corporation gets written consent from the user filed with the Secretary of State. Use of words tied to education (such as but not limited to "College," "School" and "Seminary") cannot be used without approval from the Texas Higher Education Coordinating Board. Use of words such as "Bank," "Trust" and those implying ties to Veterans ("Veterans," "War," etc.) also require additional approvals prior to use.
The following are Texas’s requirements for directors of corporations:
The document required to form a corporation in Texas is called the Certificate of Formation. The information required in the formation document varies by state. The Texas requirements include:
Texas allows professionals, such as accountants, attorneys and physicians, to form a professional corporation (PC).
After forming a corporation, you must undertake certain steps on an ongoing basis to keep your business in compliance. These steps are also important in preserving the limited liability a corporation provides its owners. This guide outlines the ongoing requirements for Texas corporations.
Texas corporations must keep the following items with their corporate records at the principal office:
The following are taxation requirements and ongoing fees for Texas corporations:
Business licenses and/or permits are required for most businesses. The BizFilings Business License Application Package can help you stay on top of these requirements.
Texas recognizes the federal S corporation election and does not require a state-level S corporation election.
The state in which you form your company can provide certain benefits.
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