Incorporate in Texas
Corporate Name Endings
* The name must contain the word "corporation", "company" or "incorporated", or abbreviation thereof. The name must not imply purpose other than that stated in articles of incorporation. The name may not be the same as, or deceptively similar to, the name of any domestic or foreign corporation, or any reserved or registered name. The name may not contain the word "Lottery." However, a name already in use may be used if the corporation or LLC gets written consent from the user filed with secretary of state.
Director Information
- Minimum Number - One or more.
- Residence Requirements. - No provision.
- Age Requirements - Eighteen or older.
- Directors are required to be listed in the articles of incorporation.
- The officers are not required to be listed in the articles of incorporation.
- No extra filing fees based on number of share or amount of par value.
Annual Statements
- Must complete and file the franchise tax below.
- The franchise tax is computed at the rate of: (1) .25% of net taxable capital and (2) 4.5% of net taxable earned surplus. If amount computed under either part of the basis formula is zero or less, the amount is computed as zero. If the amount of tax computed is less than $100, the corporation is not required to pay such amount and is not considered to owe any franchise tax for the period.
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