Filing a Texas LLC
First-time business owners will quickly find that forming a Texas LLC could be to their benefit. The LLC structure provides the owner with significant protection from corporate liabilities and debts accrued by the company. Additionally, Texas LLCs are easy to form, so long as prospective owners are diligent when filing.
Steps To Filing a Texas LLC
Choose A Name
The first thing that you must do when forming a Texas LLC is come up with a name. In the state of Texas, an LLC name must include some reference to the company structure. Meaning, the title must consist of something like “Limited Liability Company” or “L.L.C.” If not you do not do this, the state will not accept the name you’ve chosen. Additionally, you’re going to want to make sure that the name you choose is not in use by another company. You can confirm your name’s validity with the DoMyLLC Name Availability Check Page.
Choose A Registered Agent
After selecting a name for your company, you’ll need to choose a registered agent. Registered agents are responsible for accepting legal correspondence on behalf of the company. Finding a trustworthy registered agent could increase the likelihood of business success. Because of this, many Texas LLC owners hire DoMyLLC to provide professional registered agent services.
File Certificate Of Formation & Pay Filing Fees
After choosing a name and registered agent prospective Texas LLC owners can then begin filing the Certificate of Formation with the Texas Secretary of State. To do so, owners will need to pay a $300 filing fee. The report also provides the state with other critical information, such as:
- Company name
- Information about the registered agent
- Name and address of company managers
- Signature of the certificate’s organizer
- Effective date
File Initial Report
There are no Initial Report requirements for Texas LLCs. However, owners should be mindful of the first Annual Report deadlines.
Create An Operating Agreement And Hold Meetings
Texas LLC owners should also draft an operating agreement. This will help clarify the corporate structure and allow the members of the company to begin holding meetings.
Obtain Employer Identification Number
The IRS provides Employer Identification Numbers to every Texas LLC. By obtaining yours, you can file taxes and open a business bank account.
File State Required Annual Reports
Texas LLCs must file Annual Reports by May 15 year. There is no fee when filing these documents unless you are late. Then, there is a $50 penalty and a five percent penalty on the tax that is due. Texas LLC owners should take time to review the Texas Annual Reports page.
In addition to Annual Reports, Texas LLC owners will also need to file taxes each year. They’ll also need to renew any licenses or permits relevant to their business.
How DoMyLLC Can Assist With Streamlining The Process
If you’re a first-time business owner looking for help with your new Texas LLC, you’ve come to the right place. DoMyLLC offers services such as:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
Be sure to contact us today so that we can help you grow your brand and turn your business into a success.