Business Formation Services
Ready to get your business started in Texas?
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Our Business Formation Services
Starting a business isn’t just about filing paperwork — it’s about setting yourself up for long-term success. Here’s why business owners across Texas choose Prospective Bookkeeping & Taxes:
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Comprehensive Services Under One Roof – From business formation to tax planning, payroll, and QuickBooks support, we cover every angle.
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Texas-Specific Expertise – We know the ins and outs of Texas filing requirements, franchise tax rules, and annual reporting deadlines.
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Tax-First Approach – We don’t just form entities; we structure them for maximum tax efficiency and liability protection.
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QuickBooks Training – We don’t just set up your accounting system — we train you (or your team) so you feel confident managing your financials.
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Personalized Guidance – Every business is unique. We tailor our services to your goals, whether you’re a solo entrepreneur, family-owned business, or growing corporation.
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Compliance Peace of Mind – With us as your partner, you’ll never miss a deadline or lose good standing with the state.
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What is the difference between an LLC, S-Corp, and Corporation?
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LLC – Flexible structure, simple compliance, and strong liability protection.
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S-Corp – An IRS tax election that allows payroll tax savings for qualified owners.
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Corporation (C-Corp) – Suitable for businesses with multiple shareholders or those planning to raise outside capital
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Do I need an Operating Agreement if I am the only owner?
Yes. Even single-member LLCs benefit from having a written Operating Agreement. It strengthens liability protection, establishes rules for ownership, and is often required by banks.
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What is a Registered Agent, and do I need one?
A registered agent is required in Texas. You may act as your own or hire us for professional registered agent services.
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How long does it take to form an LLC in Texas?
Typically 5–7 business days online. Expedited options are available.
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What are my annual reporting requirements?
Each year, you must file a Texas Franchise Tax Report and Public Information Report (PIR) by May 15th. We’ll prepare these to keep you compliant.
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Can you help me with QuickBooks for me?
Yes — we not only set up your QuickBooks but also train you on how to manage it effectively for day-to-day operations and tax compliance. We offer affordable comprehensive training classes online to help small business efficiently use QuickBooks accounting and payroll software.
QuickBooks Support
We don’t just help you form your business — we help you manage it effectively with QuickBooks accounting software. Whether you’re brand new to bookkeeping or need to clean up an existing file, our team has you covered.
QuickBooks Setup
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Create your QuickBooks Online or Payroll (especially if you're an S-Corp)
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Customize your chart of accounts to fit your business type (LLC, S-Corp, or Corporation)
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Connect business bank accounts and credit cards
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Set up invoicing, payment processing, and payroll features
QuickBooks Review (Cleanup Services)
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Review existing QuickBooks files for errors or inefficiencies
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Correct miscategorized expenses and income
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Reconcile bank and credit card accounts
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Fix negative balances and common bookkeeping mistakes
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Generate accurate financial reports for tax preparation
QuickBooks Training
Online Classes
Hands-on training to give you confidence in managing your business finances:
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How to record income and expenses correctly
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Best practices for categorizing transactions
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How to reconcile monthly statements
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Running Profit & Loss and Balance Sheet reports
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Preparing records for year-end tax filing
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Tips for using QuickBooks to plan cash flow and budgets
📌 Training is available one-on-one (virtual or in-office) or as small group workshops for teams.
Get in Touch
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Starting a business is an exciting step toward independence and growth. At Prospective Bookkeeping & Taxes, we make the process simple by guiding entrepreneurs in Texas through every step of LLC, S-Corp, and Corporation formation. From filing with the state to setting up your books, we ensure you begin on a strong foundation.
Our Business Formation Services Include:
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Entity Formation Filing – Preparation and filing with the Texas Secretary of State for LLCs, S-Corps, or Corporations.
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EIN (Employer Identification Number) – Secure your IRS tax ID so you can open a bank account, hire employees, and file taxes.
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Operating Agreement / Corporate Bylaws – Customized documents that outline ownership, management structure, and member/shareholder rights.
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Registered Agent Services – We can serve as your Texas registered agent to receive official notices and legal documents.
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Option: You may also choose to act as your own registered agent if preferred.
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Initial Compliance Checklist – Step-by-step guide on state filing requirements, annual reports, and tax deadlines.
QuickBooks Accounting Software Setup – We’ll integrate your new business into QuickBooks, teach you how to track expenses, receive payments, and generate reports.
LLC Vs S-Corp: What's the Difference:
Both LLCs and S-Corps provide liability protection for owners, but the key difference lies in tax treatment:
LLC (Default Status)
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Profits pass directly to the owner’s personal tax return.
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Subject to self-employment taxes (Social Security + Medicare) on all net income.
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Flexible ownership structure, fewer compliance requirements.
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Great for single-member owners or those not yet ready for payroll.
S-Corp (IRS Election for an LLC or Corporation)
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Profits still pass through to the owner’s personal return (no double taxation).
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Allows owners to pay themselves a reasonable salary, with remaining profits distributed as dividends — not subject to self-employment tax.
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Requires payroll setup, quarterly filings, and stricter IRS compliance.
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Best for businesses with consistent profits of $50,000+ annually who want to reduce self-employment tax liability.