Professional Corporation Package for Texas
About this form package
The Professional Corporation Package for Texas includes all necessary forms and guidance for incorporating a professional corporation in Texas. This package is specifically designed for licensed professionals, differentiating it from standard corporate formation packages by addressing unique requirements related to professional entities.
Forms provided in this package
- Texas Articles of Incorporation for Professional Corporation
- Application for Name Reservation
- Annual Minutes for a Texas Professional Corporation
- Sample Bylaws for a Texas Professional Corporation
- Sample Corporate Records for a Texas Professional Corporation
- Organizational Minutes for a Texas Professional Corporation
- Sample Transmittal Letter for Certificate of Formation - Texas Professional Corporation
- Election of 'S' Corporation Status and Instructions - IRS 2553
- I.R.S. Form SS-4 (to obtain your federal identification number)
When to use this document
This form package is essential when you need to legally establish a professional corporation in Texas. Common scenarios include:
- Starting a new business as a licensed professional, such as a doctor, lawyer, or accountant.
- Maintaining compliance with Texas state regulations for professional corporations.
- When a business professional wishes to limit personal liability while practicing their profession.
Who should use this form package
- Licensed professionals in Texas looking to form a professional corporation.
- Individuals planning to practice in fields such as medicine, law, or accounting.
- Business owners who want to ensure compliance with Texas Business Organization Code requirements.
Completing these forms step by step
- Download the forms included in the package.
- Review the instructions and ensure adherence to Texas state regulations specific to your profession.
- Complete the Application for Reservation of Entity Name, if necessary, before filing your Certificate of Formation.
- Mail the completed forms along with any required fees to the Texas Secretary of State.
- Conduct the initial organizational meeting to adopt bylaws and elect officers after receiving the Certificate of Formation.
Do documents in this package require notarization?
Forms in this package typically do not require notarization unless required by local law. However, it is recommended to verify if any additional documentation might need notarization based on specific professional regulations in Texas.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to verify name availability before filing the Certificate of Formation.
- Not ensuring that all shareholders, officers, and directors are licensed in Texas for their respective profession.
- Omitting required information or signatures on the forms, leading to delays or rejections.
Why complete this package online
- Convenience of downloading forms immediately without the need for in-person visits.
- Editability of forms in both PDF and Word formats, making it easier to ensure accuracy.
- Access to up-to-date legal forms that comply with current Texas law.
What to keep in mind
- The Professional Corporation Package for Texas provides comprehensive legal forms and instructions for professionals.
- Verification of compliance with state-specific regulations is crucial to avoid legal issues.
- Completing the forms accurately and in accordance with Texas law is essential for successful incorporation.
Looking for another form?
Form popularity
FAQ
Have the state license for each professional who will be a member of the company. check with the state licensing board for your profession to see if its prior approval is required, (and, if so, obtain the necessary documentation showing that approval), and.
Have the state license for each professional who will be a member of the company. check with the state licensing board for your profession to see if its prior approval is required, (and, if so, obtain the necessary documentation showing that approval), and.
How much does it cost to form an LLC in Texas? The Texas Secretary of State charges a $300 filing fee, plus an additional state-mandated 2.7% convenience fee to file an LLC Certificate of Formation.
It takes 1 - 3 business days (from start to finish) to form a Texas LLC. The LLC formation process starts when a Certificate of Formation is filed with the Texas Secretary of State. The Secretary approves online filings in 1 - 3 business days (5 - 7 business days for fax filings).
To form a PLLC, a licensed professional must sign all filing documents as well as include their professional license number and a certified copy of their license. Importantly, they must submit these documents for approval with their state licensing board before filing them with their state's secretary of state.
In other words, the responsibility for paying federal income taxes passes through the LLC itself and falls on the individual LLC members. By default, LLCs themselves do not pay federal income taxes, only their members do. Texas, however, imposes a state franchise tax on most LLCs.
A limited liability company is its own legal entity. Like a corporation or partnership, it receives a tax identification number. Instead of the owner having to do business, complete financial transactions and file paperwork in his or her own name, they can accomplish all those tasks under the LLC.
Professional Corporation is defined as a corporation organized under the Act for the sole and specific purpose of rendering a professional service. Professional service is defined as any type of personal service that requires, prior to rendering such service, the obtaining of a license in Texas.
To form a PLLC, a licensed professional must sign all filing documents as well as include their professional license number and a certified copy of their license. Importantly, they must submit these documents for approval with their state licensing board before filing them with their state's secretary of state.