TEXAS CORPORATION

A corporation is an organization formed to act as an artificial entity or artificial person to carry on or conduct business. A corporation is owned by its shareholders (or stockholders), who are in most circumstances shielded from claims against the business (although there are exceptions to this general concept). Corporations were once the most common form of business structure, but their popularity in Texas appears to be declining in favor of limited liability companies (LLCs)... The body of common law (appellate judicial decisions) relating to corporations and interpreting corporation statutes in Texas and in other states is comprehensive and substantial. However the common law relating to LLCs and interpreting limited liability company statutes in Texas and in other states is much more meager for this relatively newer entity structure. Although there are special circumstances which may dictate the use of a corporation's structure, more and more certified public accountants are..

Primary location: Houston United States