This article explores the fundamental characteristics of a Texas professional corporation. As a professional entity under Article VII of the Texas Business Organizations Code, professional corporations are subject to a great deal of additional regulation both in who may become a shareholder, director, and officer, as well as what professional services the PC can provide. This article is intended as an introduction to this particular type of business entity for both the professional and the non-
This article explores the fundamental characteristics of the Texas professional association (“PA”). It reviews the restrictions on ownership and professional services under the Texas Business Organizations Code (the “TBOC”). It also discusses the two options for governing authority under the professional association entity structure. Finally, it gives a brief discussion of joint practice professional associations. This article is intended as an introduction to the Texa
This article, entitled “Basics of Texas Limited Liability Companies,” describes some of the basic characteristics of limited liability companies in Texas. It is intended as an introduction for those unfamiliar with this particular type of entity. This article is recommended reading for anyone thinking of forming an LLC in Texas for the first time. Basics of Texas Limited Liability Companies