| TEXAS |
| Name |
Must contain words Incorporated, Corporation, Company, Inc., Corp., Co., Limited Liability Company, Limited, Ltd., LTD, LLC, L.L.C., LC or L.C. |
| Information about Directors and Officers |
Company must have at least one Director. One director can hold all officer positions. 18 years of age or older and no residence requirements. It is not required to list Directors and Officers in the Articles of Incorporation. |
| Requirements for address |
Home address can be considered as company address. P.O. Box is not admissible. |
| Registered Agent |
Registered Agent is required if you do not live or have an office in Texas. Otherwise, you can be your Own Registered Agent. |
| Shares/Stock information |
No limits on number of shares to authorize. You have to state that the Corporation will not commence business until consideration of the value of at least $1,000 has been received for the issuance of shares. |
| Annual statement |
Must complete and file the franchise tax. |
| State fees |
$300 filing fee. Expedited service is $25. |
| Income tax rate |
No income tax. |
| Franchise tax |
Franchise tax is computed at the rate of: (1) .25% of net taxable capital and (2) 4.5% of net taxable earned surplus. |
| S Corporations |
Status is not recognized by the State. |
| License requirements |
Certain types of businesses must obtain a license and pay a fee if operating in the State. Check with the State to make sure your business is complying with the license requirements for your particular profession. |
| Corporate records |
The stock transfer records must be kept with the principal corporate office. |
