San Antonio Business Planning
If you've decided the time has come to incorporate your small business, be sure to ask a business planning consultant or attorney about the legal requirements associated with business formation. The Duke Firm, PC business planning lawyers identify the following legal requirements for incorporating in San Antonio, or anywhere in Texas.
First, you must choose a business name that complies with Texas laws. Business planning lawyers will counsel you on which words and phrases are prohibited by Texas law, and do a name search to ensure your business name is sufficiently unique relative to other Texas businesses.
It is essential to secure the services of a business planning law firm at this early stage to avoid costly litigation later if someone challenges your business name.
Duke Firm planning consultants say the next legal step is filing a certificate of formation with the Texas Secretary of State. The Texas Business Corporation Act requires that specific information be included in this document, including data on directors and organizers. Your business incorporation lawyer can file this document on your behalf.
Business consultants can advise you on additional legal requirements of incorporation, including the need to maintain a registered office in Texas, and the need to limit your corporation's rendered service to one profession.
Additionally, your corporation needs initial capital of $1,000 before it can operate as a business.
Retaining professional business planning services is essential to make sure you are legally compliant when forming your corporation. The advice of a good business planning lawyer can save you money in fines and late filing fees, and preserve your reputation as you launch your formally incorporated business.
