For contact from Formation Solutions(questions, clarifications).
Official company contact info is collected further down.
The name of the corporation must contain the word "corporation",
"incorporated" or "limited" or an abbreviation of one of
such words. The name must not be likely to mislead the public,
be the same as, or resemble so closely as to lead to deception,
the name of a domestic or qualified foreign corporation,
a name under reservation, or the registered or assumed name
of a foreign corporation. The name would need Superintendent
of Bank's approval if it contained the words "Bank," "Trust,"
or "Trustee."
State of Formation
Select
AL
AK
AS
AZ
AR
CA
CO
CT
DE
DC
FL
GA
GU
HI
ID
IL
IN
IA
KS
KY
LA
ME
MD
MA
MI
MN
MS
MO
MT
NE
NV
NH
NJ
NM
NY
NC
ND
OH
OK
OR
PW
PA
PR
RI
SC
SD
TN
TX
UT
VT
VA
WA
WV
WI
WY
* required
Please describe your business
briefly .
*
Do you agree with the following statement (which is taken directly from and required for the Articles of Organization)?
"The purpose for which this corporation is formed is for the transaction of any and all lawful purposes for which a for-profit corporation may be organized under the Texas Business Organizations Code."
Yes, I agree with this statement. * required
If you need more information about this statement and other requirements, the Texas Administrative Code is available here: http://www.sos.state.tx.us/tac/index.shtml
Capital Stock Info
There is a distinction between "authorized shares," which is a pool of shares that the company is authorized to issue, and "issued shares," which is the number of shares that are actually issued (sold/granted) to the founders, investors, etc. The authorized pool is typically much larger than the number of shares that are initially going to be issued.
You first must indicated the number of shares authorized. Then under "Founders Shares," you'll indicate how many of those authorized shares will be issued to the founders. Those founders shares will initially represent 100% of the ownership.
1. Authorized Shares.
Before shares are issued
to founders, investors, or others, a pool of shares
must be "authorized." Then, a portion of those authorized shares are actually "issued." For many companies,
the numbers are fairly arbitrary. Many of our clients
authorize 1,000 to 10,000 shares, then create Bylaws
that give the Board of Directors the authority to
authorize more shares later as needed.
So for example, if there are 3 owners, each to be issued 100 shares, the company could "authorize" 300 shares and then "issue" them all. But to create some flexibility going forward, the company might want to authorize a much higher number of authorized shares--say, 10,000, even if only 300 will be issued for now--to leave room for issuance of new stock.
Shares to be Authorized
*
2. Founders (Issued) Shares.
When the Board of Directors
convenes the first time, it will issue shares of ownership
to the initial shareholders. Please list the shareholders
here. The total of the shares "issued" will represent 100% of the company initially.
First Shareholder
Name
*
Email
*
Do you want to copy principal business address here?
Address
*
City
*
State
*
Zip Code
*
Capital Contribution in consideration of shares.
*
(dollar amount of cash or describe other contributed property)
Number of Shares
to be issued
*
Second Shareholder
(if applicable)
Name
Email
*
Do you want to copy principal business address here?
Address
City
State
Zip Code
Cash Capital Contribution in consideration of shares.
(dollar amount of cash or describe other contributed property)
Shares
to be issued
Third Shareholder
(if applicable)
Name
Email
*
Do you want to copy principal business address here?
Address
City
State
Zip Code
Cash Capital Contribution in consideration of shares.
(dollar amount of cash or describe other contributed property)
Shares
to be issued
Check this box
if there are more than three shareholders. (We will
collect the other shareholders' information separately.)
Director Information
First Director
Name
*
Do you want to copy principal business address here?
Address
*
City
*
State
*
Zip Code
*
Second Director
(if applicable)
Name
Do you want to copy principal business address here?
Address
City
State
Zip Code
Third Director
(if applicable)
Name
Do you want to copy principal business address here?
Address
City
State
Zip Code
Check this box
if there are more than three initial directors. (We will
collect the other director's information separately.)
Officers
CEO / President
Name
*
Do you want to copy principal business address here?
Address
*
City
*
State
*
Zip Code
*
Secretary
Name
*
Do you want to copy principal business address here?
Address
*
City
*
State
*
Zip Code
*
CFO / Treasurer
Name
*
Do you want to copy principal business address here?
Address
*
City
*
State
*
Zip Code
*
Fictitious Business Name
For most companies, the corporation name is the name you will "do business as," so there is no need for a Fictitious Business Name, also known as a DBA. However, if you wish to "do business as"
another name, please list your name choices here.
If you do not require a DBA, skip this section.
First Choice
Second
Choice
Check this box
if there are more than two business names to register. (We will
collect the other DBA's separately.)
Registered Agent
Texas requires corporations to name a Resident Agent for Service of Process in the Articles of Organization. The registered agent must either be an individual having a physical location (PO Box not acceptable) in Texas and be available during normal business hours, or be a company registered with the Secretary of State to be an agent.
Formation Solutions, Inc. will establish Registered Agent service in Texas with Incorp Services, Inc. for an annual fee of $125. Documents accepted by Incorp will be delivered to you by overnight mail, and the document will be emailed you as a scanned PDF. Indicate below if you'd prefer to have a different individual act as your agent.
Establish Resident Agent services in Texas with InCorp Services, Inc.
We'd prefer to use the information below for our Agent.
If you'd prefer to have a different individual act as your agent, complete this information. Otherwise, skip to next section.
Name
Do you want to copy principal business address here?
Address
City
State
Zip Code
Doing Business in Another State
If you require registration for this entity to do business in a state other than the state of domestic registration, then a registration as a "foreign entity" will be required in the second state.
Do you plan to do business
in a state other than Texas?
* required
Yes
No
(If
No, proceed to the bottom and click on the "Proceed" button.)
If Yes, which state?
Under what name, if different
from your corporation name, will you do business in this state?
Principal Address of business
in this state:
Address
City
State
Zip Code
Registered Agent In Other State:
(Skip if you are not registering in a state other than home state fo formation.)
If you are planning to do business in, and register as a foreign LLC in a state other than the home state, you are required to appoint a agent for service of process in this state as well. The registered agent must have a physical location in this state and be available during normal business hours. As with Agent in the state of formation, above, Formation Solutions, Inc. can establish Registered Agent service in any state for an annual fee of $125.
Establish Registered Agent in this state.
Please use the Agent information below.
If you'd prefer to have a different individual act as your agent, complete this information. Otherwise, skip to button and proceed to the next step.
Name
Address
City
State
Zip Code
As part of this project, we will obtain your Federal Tax ID number (FEIN) for you. For this, the IRS requests other information.
By default, all corporations start out as a "C"
corporation. To become a Subchapter S Corporation (or "S
Corp"), we must make the S election with the IRS on
your behalf.
What is the highest number of employees expected in
the next 12 months for each of the following categories?
(Enter the number in each of the appropriate boxes.)
We have great contacts with CPAs, attorney and other service firms. We can help make a good match for you if you need it. Would you like assistance with a referral to any of the following types of service firms?