Texas Llc Formation

If you’re a doctor, lawyer, accountant, architect or another licensed professional, you typically can’t form a standard LLC in Texas. You form a Texas PLLC (professional limited liability company) instead. It gives you most of an LLC’s protection, with one big exception: it won’t shield you from your own malpractice. What is a Texas PLLC?Continue reading “Texas Professional LLC (PLLC): Requirements for Licensed Professionals”

A Texas series LLC is one LLC that holds separate “series” inside it, each with its own assets, liabilities and members. If one series gets sued, the others are protected. That lets a real estate investor or someone running several ventures get liability walls between them without forming and maintaining a separate LLC for each.Continue reading “Texas Series LLC: What It Is and How to Form One”

The cheapest way to form an LLC in Texas is to file the Certificate of Formation with the Secretary of State yourself, act as your own registered agent, and do the rest for free. Total cost: $300, the state filing fee, which nobody can get you out of. Whether $300 is the right amount toContinue reading “Cheapest Way to Form an LLC in Texas”

Texas LLC taxes are lighter than in most states, because Texas has no personal income tax. Your LLC’s profits still face federal income tax and self-employment tax, though, and every LLC deals with the Texas franchise tax, even if most small ones owe $0 of it. What taxes does a Texas LLC pay? Tax WhoContinue reading “Texas LLC Taxes: What You’ll Owe (No Income Tax State)”

You can get an EIN for a Texas LLC free from the IRS in about 15 minutes, as long as you apply online after Texas approves your Certificate of Formation. The number is issued the moment you finish. Think of it as a Social Security Number for your business: it’s what the IRS, your bankContinue reading “How to Get an EIN for a Texas LLC”

For most Texas businesses that have real customers, real contracts or anything to lose, an LLC is the better choice. The Texas LLC vs sole proprietorship decision comes down to liability. The taxes are the same by default, and a small LLC usually owes nothing to the state each year. What the $300 filing feeContinue reading “Texas LLC vs Sole Proprietorship: Which Is Right for You?”

A multi-member LLC in Texas is simply an LLC with two or more owners, called members. Forming one costs the same $300 as any Texas LLC. What’s different is everything after the filing: the IRS taxes it as a partnership by default, and your operating agreement stops being a nice-to-have and becomes the document thatContinue reading “Multi-Member LLC in Texas: What You Need to Know”

Most small businesses owe $0 in Texas LLC franchise tax. If your LLC’s annualized total revenue is under $2,470,000, there’s no tax due. You still have a filing to make every year by May 15, though, and skipping it can cost your LLC its right to do business in Texas. Texas doesn’t have a stateContinue reading “Texas LLC Franchise Tax: What You Need to Know”

A Texas LLC name search takes a few minutes on SOSDirect, the Secretary of State’s online system. You’re looking for one thing: whether your name is “distinguishable” from every entity already on the state’s records. A clean search is a good sign, but it isn’t approval. The Secretary of State makes the final call whenContinue reading “Texas LLC Name Search: How to Check Name Availability”

If you file online through SOSDirect, the Texas Secretary of State usually approves an LLC in 2-3 business days. Pay the $25 expedite fee and it’s often about one business day. Mail takes closer to 5-7 business days. The filing itself is the slow part. Everything you do before and after it can fit intoContinue reading “How Long Does It Take to Get an LLC in Texas?”