Forming an LLC in Texas
Forming an LLC in Texas in 7 easy steps
- If you wish to form an LLC in Texas, you must start by selecting a permissible name for it. The name must be unique (not used by another LLC) and must naturally adhere to trademark law. In addition to this, your must include an LLC designator in the name, such as “LLC” or “Ltd Liability Co”. According to Texas state law, you cannot use the word “lottery” in the name and the term “home inspections” is restricted. If you want to include the term “home inspections” in the name of your company, contact the Texas state filing office.
- When forming an LLC in Texas you are not required by law to involve an attorney. It is however common to let an attorney check the Operating Agreement, since a flawed agreement can lead to tax problems in the future.
- Proceed to the Texas State Filing Office where you file the Articles of Organization and pay the filing fee. The minimum LLC state filing fee in Texas is $300.00, but since it costs only $25.00 more to get expedited processing many business owners choose to pay $325.00 for a speedy delivery (14 business days).
- During step four, the members of the LLC must hold an organizational meeting where they adopt the Operating Agreement.
- During step five, it is time for the LLC to obtain a Federal Employer Identification Number (FEIN).
- Don’t forget to open up a bank account for your newly formed LLC.
- During the final step, local business licenses should be obtained from all cities and counties that you wish to be active in. Also check if the LLC will need any permits.
Maintaining an LLC in Texas
In Texas, limited liability companies must hand in annual reports and pay $35.00 in annual report fee. The annual report is due on June 30th each year.
