Limited Liability Company - Home of the $899 LLC including the Filing Fee of $300.00
A Texas limited liability company is an entity that possess similar liability protection to a Corporation while maintaining the pass-through tax treatment of a partnership. Owners of an LLC are identified as members. There are two types of LLCs, member managed and manager managed. As a result of federal tax classification rules, an LLC can achieve both structural flexibility and favorable tax treatment. Register for more information.
S Corporations - $999 Corporation including the Filing Fee of $300.00
A corporation is an entity that possesses limited liability, perpetual duration, and centralized management. A Corporation issues shares of stock and each share represents an ownership percentage of the corporation. The corporation has shareholders who vote in a Board of Directors, the Board of Directors hire officers (President, Vice President , Secretary, and Treasurer) to manage the day to day affairs of the corporation. A Texas corporation can make an election with the IRS to achieve "S Corporation" status. An "S election" provides for pass through tax treatment for Federal Income Tax Purposes. Register for more information.
Non-Profit Corporation - Non-Profit Formation through IRS approval
Non-Profit Corporation - A Texas Corporation in which no part of the income of the corporation goes to any member, director, or officer of the corporation. The Corporation can be formed for any lawful purpose, including education, cultural, civic, and charitable causes. The Non-Profit will also need to obtain approval from the Internal Revenue Service if it wishes to accept tax deductible contributions. Click here for more detailed explanations from my blog
Limited Partnerships -
Limited Partnerships - A Texas limited partnership is a partnership formed by two or more entities or people with at least one serving as General Partner. The limited partnership operates in accordance with a partnership agreement of the partners. The General Partner is liable for the obligations of the Limited Partnership while the Limited Partners liability is limited to their investment in the Limited Partnership.
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