Texas LLC Information
Forming a Texas Limited Liability Company for your business is an excellent decision. LLC’s enjoy both the simplified pass through taxation of partnerships and the limited liability of corporations. An LLC has fewer formalities after formation than a corporation–meaning you can focus on your business and not on paperwork.
Protect your personal assets from lawsuits and judgments against your business by forming a Texas LLC. If you neglect to incorporate your business, you could be held personally liable for business debts and lawsuits. Find out about forming a legal Texas Limited Liability Company and start your business off on the right track.
Forming an LLC in Texas requires filing Articles of Organization with the Texas Secretary of State office.
LLC Name Requirements
The name must include the words “Limited Liability Company” or “Limited Company” or the abbreviations “L.L.C.”, “LLC”, “LC,” “L.C.,” or “Ltd. Co.” The word “Company” or the abbreviations “Co.” or “Ltd.” alone are unacceptable to satisfy the requirement that the name contain a designated ending.
Your LLC name must be unique. If the name chosen is the same as or deceptively similar to, or similar to the name of an existing corporation, limited partnership, or limited liability company, the document cannot be filed.
Texas requires most businesses to obtain a license and pay a fee if operating in the state. Please check with the state to make sure your business is complying with the license requirements for your particular profession.
If you seek to form an LLC to provide professional services that require the issuance of a license, such as nursing, accounting, or engineering services, you must form a professional limited liability company or PLLC.
The registered agent can be either an individual resident of the state or any of the following legal entities organized or qualified in Texas with a business address which is the registered office address: partnership, limited partnership, limited liability company, foreign limited liability company, trust, estate, corporation, custodian, trustee, executor, administrator, or any other legal or commercial entity, in its own or representative capacity.
The limited liability company itself, however, may not serve as its own registered agent. An individual member of the LLC, who is a resident of Texas, may serve as registered agent.
Texas LLC Filing Fees
As of January, 2015, the filing fee for a Texas Limited Liability Company is $300. The Expedited Processing Fee is $25 per document. Payment by credit card will incur an additional 2.7% convenience fee.