Considerations:
1.  how do I create?
2.  what will my liability be?
3.  taxes
– federal income tax
– state franchise tax
a tax that some bsns pay that the greater of:
1. 4.5% of “taxable earned suplus” but that really is a 4.5% income tax OR
2. .25% of “taxable capital”
includes bsns that filed with Tx SOS or bsns in another state doing bsns in Tx
– Federal Employment Tax: (i.e. SS, medicare);  we will not discuss this – too complex