In this video, I showed How to Start S-Corporation in TEXAS Step by Step Online with full TEXAS State Corporation Setup, formation & requirements process.
►Setup your Corporation with incfile (#ad): https://rebrand.ly/incfile2022
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Why Incorporate in Texas?
Considered one of the most business-friendly states in the nation, Texas offers several business and tax incentives, provided your corporation meets certain criteria.
For example, the Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project in Texas and other out-of-state sites. The company must be well established, financially sound and must operate in an advanced industry that affords it other feasible location options nationally and/or internationally.
For most entrepreneurs looking to start a larger business, creating a Texas corporation may be the best choice. As a corporation, your business is able to buy and trade stock, and when it comes to excess profits, corporations offer more flexibility than a limited liability company (LLC). A corporation is allowed to pass income and losses to its shareholders, who report taxes on an individual tax return at ordinary levels.
Is an LLC Better Than a Corporation?
It all depends on your goals. Limited liability companies are usually better for smaller businesses. An LLC is easier to set up, and you receive many of the same benefits as a corporation, but with less regulation.
►Benefits of Forming a Texas S Corp:
-Options for creating, transferring and selling stock, though not as many as a C Corp
-The capacity for up to 100 shareholders
-Simpler rules than those applicable to C Corporations
-Easy transfer of ownership simply by selling your stock
-The possibility of saving money by allowing you to pay less self-employment tax
In this video, you’ll find information on naming your corporation, getting a Registered Agent, the fees you’ll need to pay, business taxes and much more. We also cover what you’ll need to register your corporation and how you’ll interact with the TX Secretary of State.
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If you wanna share anything with us about this video or wanna ask any questions, make sure to comment below and we will get back to you as soon as we can.
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►How to Start a C Corporation in California: https://youtu.be/5cR4VGSVUlI
►Start & Setup a C-Corporation in Florida: https://youtu.be/MggxAVSE6V0
►How to Start & Setup an S-Corporation in Florida: https://youtu.be/spvldXIBnNw
►Watch Again: https://youtu.be/04V-Xt2wk2s
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Thanks for watching this video. Stay tuned for more upcoming business related videos like this.
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