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Texas Corporation and Partnership Law

Resources on corporation and partnership law in Texas.
Texas Corporation and Partnership Law
Texas incorporation services, registered agent services, corporate compliance and document filing to law firms and individuals.
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www.InCorp.com/
Texas Corporation and Partnership Law
We are experts at Texas Corporations and Partnerships. We form Corporations and LLCs in all 50 states for U.S. and International clients.
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www.incplan.net
Form a Texas Corporation with LegalZoom.com
Incorporate online in Texas at lawyer-free prices. Our award-winning service was created by expert attorneys. As seen on CNN, NBC, and ABC.
www.legalzoom.com
Texas Corporation
Free Guides & Tips on Starting a Successful Small Business.
smallbiz.att.com
Form a Company for Less
Incorporate for $25 plus state fees Save money & time at Instacorp.com
Instacorp.com
Incorporate in Texas
$31 Plus State Fees Is All It Takes Form A Corporation or LLC Now
smallbiz.com
Texas Corporation & Partnership Law
Incorporation and LLC formation services in Texas. Obtain a Quick Quote in seconds. 1000's of entities formed each year.
smallbizincorporator.com
Texas LLC & Corporation Formation Services - Austin Office
BlumbergExcelsior prepares & files corporation and LLC documents in Texas. Our service helps law offices serve their clients. Includes corporate kit.
Texas Formation | Registered Agent | Qualifications | Corporate Kits
www.blumberg.com
$49 Online Texas Incorporation Service
Fast, Affordable LLC Formation Service. Order Online Today. Free Gift!
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IncFile.com
Texas Incorporation
Form a Corp or LLC in TX - $79 BBB Honor Roll, Professional, Fast
www.MyNewCompany.com/LLC_Texas
Texas Companies
Get Unlimited Access To Company Profiles For All Texas Businesses!
www.selectory.com
Partnership Law
LexisNexis® Helps Grow & Manage Law Firms. Take a Tour, Contact a Rep.
LexisNexis.com/Partnership+Law

Guide to Texas Corporation and Partnership Law

Structure your Texas company to protect personal assets and maximize tax savings


Starting a Texas business requires deciding whether incorporating in Texas or forming a Texas partnership will provide the most desirable benefits. The decision can be crucial to your business’ success, as it determines the amount of risk that you personally assume, the number and type of shareholders you are permitted, your tax obligations, and government regulatory requirements .

Incorporating in Texas is usually the preferred option as it attracts investors and provides the most personal liability protection. However, if you do not have outside investors or other stakeholders, this might not be the best option for you because profits will be subject to taxation at both the business and personal levels.

Forming a business under Texas partnership law alleviates the potential double taxation problem because business income from a partnership is subject only to personal income tax.

The options available for incorporating in Texas or forming a Texas partnership under Texas corporate law are:

1. Business Corporation

2. Professional Corporation

3. Limited Liability Company (LLC)

4. General Partnership

5. Registered Limited Liability Partnership


Action Steps

The best contacts and resources to help you get it done

Bet on the Texas business structure that's best for your business When determining which legal structure is best for your business, assess personal liability obligations, understand the tax implications, become aware of operating formality requirements, and familiarize yourself with any related reporting regulations

I recommend:  See tips from the Texas Secretary of State about choosing a business structure or get advice from FindLaw.

Turn your business idea into an official Texas company You must file an application with the Texas Secretary of State and pay a fee in order to form companies in Texas. For example, forming a Texas RLLP requires filing an application with the Texas Secretary of State and paying a fee of $200 for each partner.

I recommend:  File for Texas incorporation or LLC formation online with the Texas Secretary of State SOSDirect service or use Legalzoom or The Company Corporation to complete all the steps required to incorporate in Texas or form a Texas partnership.

Know your legal obligations under Texas corporation and partnership law Texas corporation laws require Texas companies and partnerships to comply with all respective formation, operating, reporting, and disclosure requirements. The requirements are specifically set forth under each enabling statute.

I recommend:  You should review the complete texts of the statutes at the Corporations Section of the Texas Secretary of State Office.

Tips & Tactics

Helpful advice for making the most of this Guide
  • Depending on where you do business, you might have a choice of which state(s) you can choose for incorporation or forming a partnership. State laws vary, so conduct your own research or find an attorney who can advise you as to which state's laws will be most advantageous to your business needs.
  • Texas Corporation and partnership law is favorable to Texas partnerships as it allows general partnerships to restructure as registered limited liability partnerships (RLLPs). Texas partnership law protects partners in an RLLP from liability for debts and obligations assumed by other partners or their agents. Thus, RLLPs allow for all the operational freedoms of a partnership while granting the protections offered by a corporation - whereas an LLC requires adherence to strict operating formalities in order to incur tax benefits.
  • Texas corporate law also authorizes limited liability companies, which are regulated like corporations and provide the similar liability protection, but are taxed like partnerships.

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How-To Guide from WORK.COM

Guide author
By Kelly J. Balok
Structure your Texas company to protect personal assets and maximize tax savings.
Starting a Texas business requires deciding whether incorporating in Texas or forming a Texas partnership will provide the most desirable benefits. The decision can be crucial to your business’ success, as it determines the amount of risk ... Read more
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