By Karen Ann Rolcik; Mark Warda
Incorporating your online business may give you a severe aggressive virtue, expanding financing power whereas protective you from own legal responsibility. The incorporation technique now not should be dear or complicated. guard yourself and utilize your online business enterprise with out the cost and hold up of hiring a attorney, via incorporating your enterprise by yourself. find out how to shape an organization in Texas comprises every little thing you must legally contain within the country of Texas. This e-book is helping make incorporating your online business an easy strategy that won't drain your important time and capital.
Read or Download How to Form a Corporation in Texas (Legal Survival Guides) PDF
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Additional info for How to Form a Corporation in Texas (Legal Survival Guides)
Example text
The transfer ledger contained in this book as form 35 can be used for this purpose. OF SHAREHOLDERS CORPORATE DOCUMENTS The corporation must maintain copies of its articles of incorporation and all amendments; bylaws and all amendments; resolutions regarding stockrights; minutes of shareholders’ meetings and records of actions taken without a meeting for the last three years; written communications to all shareholders for the last three years; financial statements furnished to shareholders for the last three years; names and addresses of all current directors and officers; and the most recent annual report.
Each state has its own “blue sky” requirements and exemptions. If you are going to raise money from investors, check with a qualified securities lawyer. As you can see, the exemption doesn’t give you much latitude in raising money. Therefore for most issuances you will have to register. INTERNET STOCK SALES With the advent of the Internet, promoters of stock have a new way of reaching large numbers of people, most of whom are financially able to afford investments in securities. However, all securities laws apply to the Internet, and they are being enforced.
The fee (as of 2000) is $300. If you wish to receive a certified copy of the articles, the cost is $1 per page plus $10 for the certificate. This is an unnecessary expense since such certified copy is rarely, if ever, needed. The better alternative is to enclose a photocopy along with the articles and ask that it be “stamped with the filing date” and returned. The return time for the articles is usually a week or two. If there is a need to have them back quickly they may be sent by a courier, such as Federal Express, with prepaid return.
