How To Get An Llc In Texas
ATexas LLC company agreement is a legal document to be used by entities of any size that would like to establish the company's procedures and policies, among other basic and detailed aspects of the company. Although the document is not a requirement of the State to conduct business within the State of Texas, all members/owners establishing businesses should carefully consider the placement of the document. Completion of this form will provide protections to all members and owners who are contributing to and are managing members of companies. Without the filing of the document, in the event that the entity would face any kind of litigious activity, the members/owner(s) would be held financially liable to satisfy any legal claims should the courts find in favor of the claimant. With the implementation of the document, the personal assets and financial accounts of members and/or owners will remain protected. The entity will remain liable to satisfy claims.
Limited Liability Companies – Title 3, Chapter 101
Operating Agreement Laws – Sec. 101.052
State Definition – Sec. 101.001(1)
By Type (2)
Multi-Member LLC Operating Agreement – For use by businesses with more than one (1) member who would like to establish their company policies and shall agree on needed protections for their members.
Download: Adobe PDF, MS Word (.docx), OpenDocument
Single-Member LLC Operating Agreement – For use specifically by single owner businesses in need of the creation of company establishment and to protect their personal and financial assets.
Download: Adobe PDF, MS Word (.docx), OpenDocument
How to Form an LLC in Texas (6 steps)
Business applicants in the State of Texas should confirm the availability of their operating name prior to filing with the Secretary of State. By performing a Preliminary Search for the name in the State's records, it will be possible to verify its availability and uniqueness (an Online Account must be created in order to access the State's search function).
Step 1 – Registered Agent
The LLC must elect a Registered Agent to receive service of process or other legal demands served upon the company. In this State, a Registered Agent may be an individual resident or an organization authorized to transact business.
Step 2 – LLC Type
When filing a new business with the Secretary of State, it is important to understand which type of LLC needs to be applied for; each type requires a separate set of forms and filing fee.
- A Domestic LLCis a company formed within the State of Texas
- AForeign LLC is a company initially formed in anoutside jurisdiction
Step 3 – File for Registration
Complete the form that corresponds with your LLC type:
- Domestic – Certificate of Formation
- File by Mail or Online
- Foreign – Application for Registration
- File by Mail or Online
Important Information
- An Account is required to access the online filing system
- Foreign filers must include a Certificate of Existence (or like document)
- Paper applications must be printed in duplicate
Step 4 – Pay the Fee
The requisite processing fees are as follows:
- Domestic – $300
- Foreign – $750
Online applications will be submitted upon payment of the fee. If filing by mail, enclose your remittance and send all articles to the following address:
P.O. Box 13697, Austin, Texas 78711-3697
Step 5 – Operating Agreement
An operating agreement is a document that LLC owners may use to create a suitable operating structure for their company. The form is optional; however, you are advised to implement the document after successfully filing with the Secretary of State as it will enable you to establish the general rules and relay all provisions by which your LLC will operate.
- Single-MemberLLC Operating Agreement
- Multi-MemberLLC Operating Agreement
Step 6 – Employer Identification Number (EIN)
The Employer Identification Number (EIN) is issued by the Internal Revenue Service to business entities operating within the US. An EIN is used for tax reporting purposes, however, it is also necessary to have the identifier if your LLC plans to open bank accounts or hire employees. Application is free and can take place Online or by Mail.
(Video) How to Make an LLC Operating Agreement in Texas
How To Get An Llc In Texas
Source: https://eforms.com/operating-agreements/tx/
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