Core resources to assist in forming, maintaining, and terminating a Texas corporation.
Forming a corporation and maintaining its books and records may seem like simple tasks at first. However, seemingly straightforward formation and drafting decisions can have far-reaching consequences. For example, the governing documents (also known as organizational documents) of a corporation can have a significant effect on directors' and officers' exposure to liability and on the relationship between shareholders.
When forming a Texas corporation, the organizers must consider, among other things:
Maintaining corporate status after formation calls for careful attention to reporting and filing requirements in Texas, as well as certain actions required by Texas law, including annual meetings and proper record keeping.