Forming a For-Profit Corporation

Most operating corporations are for-profit enterprises, in which stock is sold to provide capital for the business. As companies grow larger, incorporation becomes increasingly beneficial, and many small business owners contemplate forming a for-profit corporation.

A corporation exists outside of the people who found it. This means that if a corporation fails, the investors are only liable for their investments, and not any other debts. This is known as limited liability. Additionally, corporations are considered persons in the eyes of the law, which grants the company certain benefits over non-corporations.

How to File

After selecting a unique business name distinct from the names of other companies, the corporation is required to pay a filing fee. The minimum filing fee in Texas is $335. Unlike other states, a specific stated purpose is not required on the Certificate of Incorporation. Texas requires at least one director, aged 18 or over.

Contact Us

If you are interested in forming a corporation in Texas and would like additional information and guidance, contact the Texas business lawyers of Slater Kennon & Jameson, LLP by calling 512-472-2431.