Corporations in Texas
Summary :
Table of Contents
- Introduction
- Corporations in Texas?An Overview
- Incorporating a Business
- S or C Corporation
- Special Licensing or Certification
- Federal and State Requirements
- Federal Requirements
- State Requirements
- Taxes
- Other Provisions
- Naming the Corporation
- Business Organization Code
- Business Activities and Functions
- Amending the Articles of Incorporation
- Mergers
- Foreign Corporations
- Tax Issues in Dissolution
- Other Issues Covered by Law
- Conclusion
Abstract
When the Founding Fathers drafted the Constitution and the Bill of Rights, they included a provision that would allow states to dictate laws for issues that would not be directly dealt with by the federal government. The tenth amendment to the Constitution allows states to have some control over lawmaking. Although this provision was put in place to ensure that the central federal government did not unbalance the power of the state governments, in the last 200 years this provision has served as the impetus for the development of a wide range of state specific laws. As such, when an individual moves from one state to another, the specific laws that are used by the state must be considered before certain actions take place. Such is the case with the development and establishment of a corporation.With the realization that different states have different laws when it comes to developing a corporation, there is a clear impetus for organizations to consider these issues before making the decision to locate a corporation in any one specific state. Using this as a basis for research, this investigation considers the legal structure and formation of corporations.
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