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Forming an LLC in Texas
Forming an LLC in Texas is pretty straightforward, but if you are busy running your enterprise you can always contact one of the many incorporation agencies that specializes in forming LLC’s in Texas and arrange to have one of them take care of the official procedures for you. Regardless of how you go about, it is always recommended to get an attorney to check the Operating Agreement. Involving an attorney is by no means mandatory, but a flawed Operating Agreement can catch the eye of the IRS and lead to taxation problems.
Forming an LLC in Texas in 5 easy steps
- Before anything else can be done, you can have to come up with a name for your LLC. The name must be unique (not used by another LLC) and trademark violations must of course be avoided. You must also include an LLC identifier in the name of your company, such as “LLC” or “Limited Liability Company”. In order to adhere to Texas state law, you should refrain from using the word “lottery”. Use of the term “home inspections” is restricted; contact the state filing office in Texas for more information about how to qualify.
- Once you have picked a suitable name for your LLC, you can file the Articles of Organization at the State Filing Office in Texas.
- The third step in the process of forming an LLC in Texas is to hold an organizational meeting. The aim of this meeting is to formally adopt an Operating Agreement for the LLC.
- An LLC with a formally adopted Operating Agreement can obtain a Federal Employer Identification Number (FEIN) and open up its own bank account.
- Last, but certainly not least, the LLC has to obtain a local business license form each city or county in which the company wants to be able to do conduct business.
Important facts to take into consideration before forming an LLC in Texas
- The minimum Texas LLC state filing fee is $300.00, but since the expedited processing fee is no more than $25.00, most business owners choose to pay $325.00 for a speedy delivery (14 business days).
- When forming an LLC in Texas, you agree to hand in an annual report each year. The annual report is due on June 30th and the annual report fee is $35.00.
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