There are different types of business structures available in Texas. Corporation is one type of entity. A corporation can have different forms under different codes. One popular form of corporation is C corp. Another popular form of corporation is S corp. The type of corporation is not a matter of State law but how the entity is taxed.

Federal Income Tax Code discussion is outside the scope of formation of a corporation however, one should consider C corporation status if accounting can be performed properly. S corp is better business choice for most small business with revenue of less than $4 million dollar per year. 

The formality of Corporation is necessary to keep the corporation in a proper condition.