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How do you avoid double-taxation on income when you establish corporation in Texas? When you establish your business as a corporation in Texas (no state income tax, but there is a franchise tax), what is the best way to distribute earnings to pay the lowest amount of taxes and avoid double-taxation? Should I pay myself a salary, or just pay myself in dividends? I'm not incorporated yet, so I still have the option to form as a LLC.
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Hi there
You should be able to find what you need here.

http://www.irs.gov/businesses/small/

http://www.cpa.state.tx.us/taxpermit/

http://www.cpa.state.tx.us/taxes/

You can also contact your local chamber of commerce.