Advantages of Incorporating a Company in Texas

Texas is always known to be one of the best places to start a business. Setting up a business is no easy task. It requires patience, huge formalities for incorporation and many other legal complications. However, when you are registering to do business in Texas, you will be surprised to see the easy formalities for incorporation. Let us explore some of the top reasons for choosing Texas for incorporating business.

Options Wide Open in Texas

Texas Name Search Option

It is mandated by the Texas law that each and every company that is to formed in Texas   must have a unique name. There should not be any entries that are to be duplicated with the existing company. Texas Secretary Of State Corporate Search is one of the easier ways where you can find whether the name you desire already collides with the existing name or not.Also, any proposed name that already exists as a name of another company is denied for further process. One exception here is that if you have got a written consent with the owner of the current name, you will be permitted to have the name.

Tax Advantage for Incorporated Companies

Another main reason people wish to invest in Texas is due to its lawsuit protection and protection of assets. You can enjoy tax savings and deductible profits for employees. You also have the option of choosing a separate person for legal affairs and appoint yourself as a shareholder.

Deductible Employee Benefits

When starting a company in Texas, your profit can be in various forms as Deductible Employee Benefits. Some of the most popular deductions include travel deductions, entertainment deductions, pension plan, and medical expenses and so on. This gives a         great boost to the employees working in Texas and also creates a friendly legal affair   with the owner of the company.

Benefits when forming a LLC Company

LLC Company is termed as one which is tagged as Limited Liability Company. The greatness of Texas is that, it offers some good benefits specifically for the LLC Company. Let us look into some of those.

·         A LLC Texas allows multi-tier ownership where a member can    be from S or C Corporation.

·         Texas LLC also allows for single member LLC

·    It offers huge flexibility in terms of Management perspective    where no requirements for residency are required for directors.  Also, Texas LLC requires one director position for the Articles  of Incorporation.