New Corporation Setup

Starting a new business is an exciting journey—but the process of setting up a corporation in the United States requires careful attention to legal requirements, tax implications, and ongoing compliance. At Dallas Tax Hub, we specialize in helping entrepreneurs and business owners in Lewisville, Texas navigate every step of the new corporation setup process so they can launch with confidence.

Why Proper Corporation Setup Matters

Forming a corporation offers benefits like limited liability protection, potential tax advantages, and increased credibility. However, mistakes in the setup phase—such as incorrect filings, missing deadlines, or failing to register with the right agencies—can lead to penalties, IRS issues, or even the loss of your corporation status.

That’s where we come in.

Our New Corporation Setup Services

When you choose Dallas Tax Hub, we ensure your corporation is formed correctly under Texas state law and compliant with federal IRS regulations. Our services include:

1. Business Entity Consultation

   • Guidance on choosing between a C Corporation or S Corporation based on your business model, tax strategy, and growth goals.

2. Name Availability Search & Reservation

   • Checking with the Texas Secretary of State to ensure your chosen business name is available and compliant with naming guidelines.

3. Articles of Incorporation Filing

   • Preparing and filing your Certificate of Formation (Form 201) with the Texas Secretary of State.

4. Employer Identification Number (EIN)

   • Applying for and securing your EIN from the IRS for tax reporting and hiring purposes.

5. Texas Franchise Tax Registration

   • Registering your corporation with the Texas Comptroller of Public Accounts to meet state tax obligations.

6. Corporate Bylaws & Shareholder Agreements

   • Drafting essential internal documents to define your corporation’s operating structure and ownership rules.

7. Initial Board Meeting Setup

   • Preparing your first corporate meeting minutes and resolutions to comply with corporate governance requirements.

8. S Corporation Election (If Applicable)

   • Filing IRS Form 2553 for businesses choosing S Corporation status to enjoy potential pass-through taxation benefits.

9. Ongoing Compliance Guidance

   • Providing reminders for annual reports, franchise tax filings, and other ongoing legal obligations.

Federal & Texas Compliance You Need to Know

• Texas Franchise Tax – Every corporation in Texas is subject to the annual franchise tax unless it qualifies for the no-tax-due threshold.

• Annual Reporting – Corporations must file an annual report with the Texas Secretary of State to maintain good standing.

• Registered Agent Requirement – Texas law requires corporations to have a registered agent with a physical address in Texas. Dallas Tax Hub can help you meet this requirement.

• IRS Requirements – Corporations must comply with federal tax filing obligations, including income tax returns, employment taxes, and information returns.

Why Choose Dallas Tax Hub in Lewisville, TX?

• Local Expertise – We understand the specific requirements for corporations in Lewisville and across Texas.

• Full-Service Support – From incorporation to tax preparation and bookkeeping, we offer complete business financial services under one roof.

• IRS & State Compliance Specialists – Avoid costly mistakes and penalties by letting our experienced team handle the details.

• Tailored Guidance – Every business is unique; we provide personalized recommendations for your corporate structure and tax strategy.