What is a Corporation?

A corporation is what you think of when you think about a publicly traded company like Apple or Microsoft. They are owned by shareholders, and managed by a board of directors appointed by the shareholders. There are also corporations used by small businesses called close corporations. They also have the ability to have flow-through taxation due if they elect Subchapter-S status. Only certain corporations qualify for Subchapter-S status (but that's another article).

Corporations used to be the dominant form in small business but are being gradually replaced by the more flexible LLC. Generally, this office recommends LLCs over the corporate structure 99% of the time. The main exception is that this office prefers to use the corporate form for non-profits in TX.


Contacting the law firm does not create an attorney-client relationship; only a written contract signed by both lawyer and client can form an attorney-client relationship. All use of this website is subject to the site's Disclaimer and by visiting this site you agree to the Disclaimer without modification. All prices listed on the website are subject to change without notice and are subject to the Disclaimer and the Prices page.

© 2015 Law Office of James Ryland Miller, PLLC. All rights reserved. No portion of this website may be used, published, modified, reprinted, or aggregated without the express written permission of Law Office of James Ryland Miller, PLLC.

Law Office of James Ryland Miller, PLLC
1325 W. Randol Mill Rd, STE V201
Arlington, TX 76012
817-840-7743
By appointment only

<