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How to Form and Register a LLC in Texas?

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A limited liability company (LLC) is basically a kind of business which allows its owner to limit their personal liability into the finances of the company. If somebody sues the company then, the LLC owners would not lose all their personal assets because they are just financially responsible for their investment in the company. Forming an LLC also offers a little flexibility in what way the company runs. When we speak of how to form a LLC in Texas, it is quite easy and inexpensive as the Federal and state law delivers numerous tax benefits to LLCs. But to avail all of these benefits first business owners require understanding the right way to form an LLC in Texas. So, why wait? Let’s get started! – PowerPoint PPT presentation

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Title: How to Form and Register a LLC in Texas?


1
How to Form and Register a LLC in Texas?
A limited liability company (LLC) is
basically a kind of business which allows its
owner to limit their personal liability into the
finances of the company. If somebody sues the
company then, the LLC owners would not lose all
their personal assets because they are just
financially responsible for their investment in
the company. Forming an LLC also offers a little
flexibility in what way the company runs. When we
speak of how to form a LLC in Texas, it is quite
easy and inexpensive as the Federal and state law
delivers numerous tax benefits to LLCs. But to
avail all of these benefits first business owners
require understanding the right way to form an
LLC in Texas. So, why wait? Lets get started!
This presentation is brought to you by
Rapidregisteredagent.com
2
Excavating the Primary Steps to Register and Set
Up a LLC in Texas
  • Pick a Name for the LLC As per the Texas law,
    an LLC name should comprise the words "Limited
    Company" or "Limited Liability Company," or
    comprise the abbreviations like "Company" as
    "Co.," "LC," "L.C.," "Limited," "L.L.C.," "LLC,"
    "Ltd." and "LTD". Your LLCs name has to be clear
    from other business entities names which are
    already filed with the Texas Secretary of State.
    Individuals planning to set up a LLC in Texas
    must check the LLC name availability at the Texas
    Secretary of State SOSDirect website and can
    reserve a name for about 120 days through filing
    an Application for Reservation or Renewal of
    Reservation of an Entity Name (Form 501) among
    the Texas Secretary of State. The reservation can
    be filed online via the Texas Secretary of State
    SOSDirect website or by postal mail by paying a
    minor Texas LLC filing fee of 40.

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3
  • File the Certificate of LLC Formation A Texas
    LLC can be created through filing the Certificate
    of Formation (Form 205) among the Secretary of
    State. This certificate should comprise- the
    LLC's name, the name and address of the LLC
    registered agent whether your LLC would be
    manager-managed or member-managed LLC's
    governing person(s) name and address LLC
    organizer name and address and the effective
    date of this certificate. The certificate can be
    filed online via the Texas Secretary of State
    SOSDirect website or through postal mail. The
    Texas LLC certification fee is 300. The entire
    paperwork and practical steps for setting up LLC
    in Texas can be done through hiring a reputed
    registered agent services agency in Texas easily.

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4
  • Hire a Registered Agent in Texas Each LLC in
    Texas should appoint an LLC registered agent for
    the service of process in the state. The LLC
    registered agent must be a resident or a business
    entity in Texas that is authorized to run
    business in Texas. The registered agent for LLC
    in Texas should mandatorily have a physical
    street address in the state. The LLC cannot
    become its own registered agent.

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5
  • Create the Operating Agreement The LLC operating
    agreement is not needed in Texas, but it is
    highly recommended to have one. To get assistance
    in creating the LLC operating agreement properly,
    hire a reputed registered agent services agency
    in Texas.

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6
  • Publication Needs None.

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7
  • Abide by the Other Tax and Regulatory Needs The
    additional tax and regulatory needs might apply
    to your LLC in Texas. These might comprise-
  •  
  • Employer Identification Number (EIN) If an LLC
    has more than one member then, it should acquire
    its own IRS Employer Identification Number (EIN),
    irrespective of the fact that they have no
    employees. If you set up a one-member LLC in
    Texas then, you must obtain your EIN for it only
    if it will have employees or you choose having it
    taxed as a corporation rather than a sole
    proprietorship. LLC owners can get an EIN through
    completing the online EIN application on the IRS
    website and there is no filing fee for it.
  • Business Licenses Considering the type of
    business you run and its location, your LLC might
    require getting other local and state business
    licenses. To fetch more information, visit the
    Texas Department of Licensing and Regulation.
  • Comptroller of Public Accounts If your LLC sells
    goods and collects sales tax then, you would
    require registering with the Texas Comptroller of
    Public Accounts. Considering the tax involved,
    you can register online through postal mail or in
    person at the Comptroller field office.

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8
  • No Need of Annual Reports The SMLLCs in Texas do
    not require filing the annual reports with the
    Secretary of state but the LLCs have to file the
    annual franchise tax reports. The details
    required to be filled for computing the tax could
    be complex so, visit the Comptroller of Public
    Accounts website to get more info about it.

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9
  • Foreign LLCs Running Business in Texas For
    running business in Texas, all LLCs controlled
    outside the state should register a LLC in Texas
    with the Texas Secretary of State. Foreign LLCs
    require appointing a registered agent for the
    service of process. The registered agent might be
    a Texas resident or an authorized business entity
    to run business in Texas. For getting registered,
    file an application for the Registration of
    Foreign Limited Liability Company (Form 304)
    which can be filed online or by the postal mail.
    The foreign LLC filing fee in Texas is 750.
  •  
  • So, now that you know how to form a LLC in Texas,
    make sure to abide by them and follow all the
    aforesaid steps to set up and run a LLC in Texas
    successfully.

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10
RAPID REGISTERED AGENT
Since 2007 we have been providing registered
agent services to corporations, limited
partnerships, and limited liability companies
doing business in Texas.  Our clients are
worldwide and many operate multiple companies.
 Now, with the creation of our new web portal,
we're expanding to offer registered agent
services in all fifty states. Rapidregisteredagen
t.com Contact Us 1 (888) 487 8007 8701 Shoal
Creek Blvd, Suite 401, P.O Box 78757, Austin,
Texas
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