aa938750_s_PLLC__San_Antonio_and_Austin__4
[0] Corporation [1] State filing required. One or more owners, called shareholders. [2] Perpetual [3] Shareholders are typically not personably liable for the debts of the corporation beyond the amount they invest in the corporation. [5] Managed by the directors, who are elected by the shareholders [6] Taxed at the entity level. Also, If dividends are distributed to shareholders, dividend income is taxed at the individual level. [7] No [8] Yes, if income is distributed to shareholders in the form of dividends. [9] State filing fee required [10] Shares of stock may be sold to raise capital [11] Shares of stock are easily transferred, in the absence of a Shareholder’s agreement that places limitations on transfers. [4] 
Board of directors, officers, annual meetings, and annual reporting required
Comparison of Business Entitites | Lamar & Associates PLLC, San Antonio and Austin
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