Types of Corporation

A corporation is a specific form of business that acts in legal separation from those who run it. This form of business must meet specific requirements and follow legal restrictions based on its identity. However, within the specific title of corporation there is a subset of options. There are a variety of corporation types that fit a wide range of business interests.

If you are developing a new business plan or are looking to make a change in your current business, having the assistance of an experienced legal professional can be a tremendous support. Contact the Texas business lawyers of Slater Kennon & Jameson, LLP today at 512-472-2431 to learn more about your options.

Corporation Varieties

Within the overall corporation title there are a number of subcategories that a business can fall into. These include:

• For-profit and non-profit corporations: These two typically vary in their overall business model. While one is in business for financial gain, the other is not.
• Public Corporations: This form of corporation offers its shares to be traded publically, rather than be owned solely by the board of directors, which is the standard in “closely-held” corporation.
• Mutual Benefit Corporations: These work for the benefit of the company’s board members.

Each of these corporation options holds potential benefits depending on your interests and goals. It is important to talk to a professional in order to learn more about you options and to determine what will work best for you business venture.

Contact Us

If you are considering starting a new business and would like to learn more about the possibility of developing a corporation, the Austin business lawyers of Slater Kennon & Jameson, LLP would like to help. Contact our office at 512-472-2431 to speak with one of our practiced attorneys today about your interests.