Incorporation in Texas

Find the right Business Incorporation attorney in Missouri City, TX

Under Texas law, a business may incorporate. If it chooses to do so, it is thereafter recognized as its own legal entity. An incorporated business acts in its own name, whether buying and selling property, assenting to contracts or exercising legal rights. In Texas, the process of incorporation is begun by filing with the Secretary of State in accordance with specific guidelines.

Benefits of Incorporation in Texas

An incorporated business enjoys certain benefits, the most important being a limit of liability for the shareholders. The most shareholders can lose is the amount they invest in the business. With unincorporated businesses, personal property of owners can be liquidated in order to satisfy the liabilities of the business. A corporation may also find it easier to finance itself through loans, allowing creditors in the Missouri City area to evaluate their investment by assessing the corporation rather than the individual credit-worthiness of its owners. Lastly, the ownership stake in a corporation can be apportioned into uniform slices, known as "shares" of stock. This makes it possible to sell ownership investments in more manageable slices.

Costs of Incorporation

Along with a possible fee to file for incorporation in Texas, there are other costs that corporations incur. The most important is that a corporation is taxed as its own entity. The individual incomes of owners who are paid disbursements from the corporation's earnings are still taxed as well. This is called double taxation, but it can be avoided with proper planning and assistance from a local Missouri City lawyer.

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Life in Missouri City

Missouri City is, believe it or not, a city in Texas. It is primarily located in Fort Bend County, wiht a portion located in Harris County. It has a population in the mid 50,000s.

Some great sites to check out while visited Missouri City include the Senior Road Tower, KRIV-TV Tower, KHOU-TV Tower, KTRK-TV Tower, Blue Ridge Tower, Richland Towers and American Towers.

The area is also home to many well established attorneys who are very knowledgeable in many areas of law. Thus, residents and local businesses need not travel far in order to receive excellent legal services.

Famous people who have once called Missouri City home include Crystle Steward, Doug Brocail, Bruce Matthews, Sean Jones, Alonzo Highsmith, Warren Moon and James Loney.

Overall, this is a great city to stop by in and visit when in Texas!

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