How to Form Your Own Texas Corporation

by Mancuso, Anthony

• ISBN13: 9780873375597
• ISBN10: 0873375599
• Edition: 5th
• Format: Paperback
• Copyright: 2000-07-01
• Publisher: Nolo

Summary

Nolo's bestselling corporation book is also available for use in Texas. How to Form Your Own Texas Corporation includes all the forms required to form a legal corporation in Texas and step-by-step instructions to fill them out. The PC disk allows users to fill in and modify all forms quickly and easily with any word processing program.

Table of Contents

Introduction
Advantages and Disadvantages of Forming a Texas Corporation
Different Ways of Doing Business	2	(3)
The Corporation	5	(5)
Summing Up: Advantages and Disadvantages of Incorporation	10	(1)
Incorporating Out-of-State (Or the Myth of the ``Trouble-Free, Tax-Free'' Delaware Corporation)	11
A Closer Look at Texas Corporations
Kinds of Texas Corporations	2	(3)
Corporate Powers	5	(1)
Corporate Purposes	6	(1)
Corporate People	6	(6)
Capitalization	12	(3)
Sale of Stock	15	(1)
Dividends	16	(1)
Piercing the Corporate Veil (Or, If You Want to be Treated Like a Corporation, It's Best to Act Like One)	17	(1)
Dissolution of a Corporation	18	(2)
Receivership of Corporations	20	(1)
Summing Up---More Questions?	20
The Small Texas Corporation
The Small Texas Corporation	2	(1)
How Many People May Organize the Corporation?	2	(1)
The Texas Small Offering Exemption	3	(4)
Federal Securities Act	7	(3)
Electing Close Corporation Status	10
Corporate Taxation
Texas Taxes	3	(1)
Federal Taxes	3	(6)
S Corporation Tax Status	9	(4)
Corporate Accounting Periods and Tax Years	13	(2)
Section 1244 Ordinary Loss Treatment for Stock Losses	15	(1)
Many Corporate Shareholders Qualify for a Lower Capital Gains Tax	15	(1)
Tax Treatment When an Existing Business is Incorporated	16	(2)
Tax Treatment of Employee Compensation and Benefits	18	(3)
Personal Holding Company Penalty	21	(1)
Special Considerations When Incorporating an Existing Business	22
Steps to Form Your Corporation
Choose a Corporate Name	3	(8)
Prepare Your Articles of Incorporation	11	(3)
File Your Articles of Incorporation	14	(3)
Set Up Your Corporate Records Book	17	(2)
Prepare Your Bylaws	19	(1)
Prepare the Minutes of the First Meeting of the Board of Directors	19	(7)
Prepare Shareholder Disclosure Letters	26	(2)
Issue Shares of Stock	28
After Your Corporation Is Organized
Final Formalities After Forming Your Corporation	3	(6)
Tax Forms---Federal	9	(3)
Tax Forms---State	12	(1)
Licenses, Permits and Final Returns for Prior Business	13	(1)
Workers' Compensation	13	(1)
Private Insurance Coverage	13
Lawyers and Accountants
Lawyers	2	(1)
Accountants and Tax Advisors	3
Appendix A How to Use the Forms Disk
Appendix B Tear-Out Forms