Under the Texas Business Organizations Code, a foreign professional corporation or foreign professional association can file an application for registration. Follow our guide to setting up a foreign corporation in Texas and you can DIY your foreign qualification process with the Secretary of State.Owning foreign real estate within any type of entity typically forces you to report that ownership on one of a number of IRS forms including the new Form 8938. A family limited partnership is a taxable entity unless it meets the criteria of a passive entity under TTC 171.0003. Learn about Form 5471 filing requirements, who must file, and the penalties for noncompliance. Texas offers the best business ecosystem in the nation and has frequently been named the best state to start a business. The collateral pledged to the City is held in the City's name at the Bank of New York Mellon. Form Number, Form Name, Category. B 101, Voluntary Petition for Individuals Filing for Bankruptcy, Individual Debtors. Discover the latest KPMG insights.