How to Incorporate In Texas
Choose a Name
The First step to incorporating in Texas is to choose a business name. You'll need to choose a name that has not already been taken. The easiest way is to come up with three or four different names and then call the Secretary of State to see if any of your chosen names are available. When searching to see if a name is taken the Secretary of State only looks at the first two words of the name, keep this in mind when making your list.
File Your Articles of Incorporation
After choosing your name you'll need to fill out your incorporation paperwork. You can download the form from the Secretary of State's website. The filing fees for a corporation in Texas are $300. You can either fax or e-mail the form in. If you're looking to form a corporation quickly, consider signing up for a SOSDirect account with the State. The account is free and allows you to file paperwork online in minutes. The State will then issue a Certificate of Incorporation once the paperwork is complete.
Get Your Bylaws
The Certificate of Incorporation is one of two essential documents you'll need to run your Corporation, the other is a set of By Laws. The bylaws are the internal rules that the corporation sets for itself. They govern everything from how officers are elected and meetings are run to how new investors may be brought on board. You can find template articles of incorporation online, order them from legal supply websites, or have them drafted by an attorney.
Tax ID Number
While a Tax ID number is not essential to fully for a Corporation, you will need one in order to open a bank account. You can file for a tax ID with the IRS online in just a few minutes for free. A Tax ID number is also called an Employer Identification Number or EIN.
Opening Your Bank Account
Once you have your EIN you're ready to open a bank account for your Corporation. You'll need to bring several items to the bank. You'll need to bring your Articles of Incorporation, Certificate of Incorporation, By Laws and EIN. You'll fill out documents at your bank and then have a bank account.
Congratulations you're now ready for your corporation to start doing business.
Questions and Answers
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