Rainbow is an unincorporated community in Somervell County, Texas, United States. It is located on Farm Road 200, four miles northeast of Glen Rose. The community is part of the Granbury, Texas Micropolitan Statistical Area. The origins of the community's name date back to the 1890s. Area residents requested a post office and gathered to choose a name. During the meeting, a thunderstorm occurred, followed by a rainbow. The residents, struck with the rainbow's beauty, named their town after it. In the 1920s, Rainbow had a population of approximately 113. The population began to decrease after that period, reaching a low of 40 in 1960. With the opening of nearby Dinosaur Valley State Park in the 1970s, the population increased. Current estimates of Rainbow's population range from 76 to 121. The Glen Rose Independent School District serves Rainbow area students.

What is business organizations?

Involves advising business owners on start-up considerations and legal structure options -- such as sole proprietorships, partnerships, corporations, limited liability companies (LLCs), and non-profit organizations -- and handle the formation of new business entities and filing of all necessary documents (i.e. articles of incorporation). Major factors affecting how a business is organized may include the size and scope of the business, the sector and the country, limited liability, tax advantages, and disclosure and compliance requirements.

Answers to business organizations issues in Texas

A business may be conducted in a number of different forms. Those forms consist of a sole proprietorship, a...

As long as you and close associates and family members...

Most types of businesses-sole proprietorships, partnerships, corporations that have qualified for subchapter S...

A nonprofit corporation is a group of people who join...

Here are some circumstances that might make it worth your while to incorporate and get tax-exempt status:

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