Corporation Formation on A Flat Fee
Overview of Corporation Formation
A corporation is a legal entity created by the laws of a state that allow business owners to protect their personal assets, separate ownership from management, receive investments, and provide for business succession.
We have years of experience helping start-ups with corporation formation. For additional information regarding formation of various business entities, see our business entity formation page.
The Importance of Corporate Formation When Running A Business
While there are number of benefits to forming a corporation, one key benefit of creating a corporation is the fact that financial liability of the owners of the business is limited to the investment they have in the entity. If the corporation incurs a debt, breaches a contract, or commits a tort, the owners are generally not personally liable.
By choosing to run your business as a corporation, and setting it up and running it properly, you are putting up a shield to keep business creditors from your personal assets. This is a smart and safe way to run your business.
Don’t Fall For DIY and Online Fast/Cheap Shops
Some companies try to minimize entity formation costs by using cheap or free standardized legal documents or online services hoping they have done things correctly. The danger with cookie-cutter forms or “do it yourself” company formations is that, if the entity chosen isn’t appropriate, or if documents and formalities are not properly handled for your specific situation, the formation process could either be ineffective, or require later cleanup at a much greater cost than any perceived savings achieved at the front end.
Corporate Formation Flat Rate Pricing Options
For a flat fee of $2,100 we will:
prepare and file the Certificate of Formation with the State of Texas (or other state, as appropriate);
pay the government filing fees;
draft a standard set of Bylaws;
draft an Organizational Consent;
provide you with a standard corporate binder with stock ledger, stock certificates and stamp; and
prepare a Registered Agent Consent form (for Texas corporations).
From a legal standpoint, that takes care of just about everything you need to get your new entity up and running, other than obtaining an IRS tax identification number (known as an Employer Identification Number or “EIN”).
Contact us for additional information
Benefits of Our Flat Fee Corporation Pricing Program
Many business owners need legal help creating a corporation, but are afraid of paying unknown, possibly huge legal fees to do so. To ensure against potential “sticker shock” of a huge legal bill, our firm informs clients upfront regarding costs to expect from us regarding their corporation formation.
With our flat rate services, you get the best of both worlds:
You deserve trustworthy advice and assistance from experienced professionals to walk you through the entire process of forming your corporation at an affordable, transparent, and predictable cost.
The Not So “Fine Print”
Limitations, Conditions, and Caveats
In some instances, such as where the formation of the corporation will require a great deal of customization and special provisions, a flat fee is not appropriate. In addition, although corporations are common entity choices, if another type of business entity were the best fit, the flat fee would not be appropriate. Of course, we can most likely assist, and would tell you in advance what costs to anticipate.
Moreover, the flat fee does not include any additional work, such as significant revisions to the formation documents, or additional agreements such as shareholder agreements, employment, or other contracts. Any additional work beyond initially creating a corporation would be extra and billed at our standard hourly rates.
This page is for information only and does not constitute legal advice nor our engagement as your legal counsel. We reserve the right to change or discontinue any of the flat fee services provide on our web site at any time. All services are subject to our conflicts policy, Terms of Service, and the execution of our Flat Fee Engagement Agreement.
All flat fees must be paid in advance. Invoices or requests for retainers for future work needed will be sent in accordance with our standard billing process. As a courtesy, we accept most major cards and can accept online checks.
Additional Hourly Business Related Services
In addition to our flat feel corporation formation services we offer a comprehensive range of business and corporate services, including:
Corporate Governance & Counseling
For information of other type of business entities, visit our Business Entity Formation Services page.