In recent years, forming an LLC has become a much more simplified process. Wait times to receive paperwork have been reduced and government red tape has nearly disappeared. In the vast majority of cases, a lawyer is no longer needed to file the paperwork and pay the fee.
Here are the basic steps you’ll need to complete if you plan on forming an LLC in Texas:
Search for your Name
The only way to determine whether or not you’ll be able to register your name is by performing a search in the Texas entity database. This system allows people to easily search for entity names or tax ID numbers.
Search for three different business names. Once you’ve found one that suits you and that’s available, begin the LLC application process.
Find an Office Location
An office location is important because you’ll not only need an official place to do business, but anyone that searches for your LLC online will be able to see the address that’s listed on record for your company.
If you’re strapped for cash, there’s no need for an expensive fancy office. Simply find a place that your business can afford and that is away from your home.
Begin the Application Process
The state of Texas business structure website is a great resource if you’re looking for more information about specific requirements.
The state of Texas offers one simple form that handles all the necessary requirements of forming an LLC. The process only takes a few minutes and most LLC applications can be filed online. The state also offers expedited LLC and filing services that take less than 24 hours to complete, including business notification.
Pay the Necessary Application Fees
The basic fee for starting an LLC in Texas is $300. If any certified copies of the LLC formation are needed, an additional fee of $25 will be required. The state of Texas accepts checks, cashier’s checks and major credit cards when submitting a form online.
The process to form an LLC online in Texas is one of the fastest available in the country. In as little as 24 hours, you’re business could be up and running.
Potential Road Blocks
While forming an LLC is relatively easy, there are a variety of rules and regulations one must become familiar with. These have to do with change in business status, acquisitions and mergers, forming additional entities and more. There are specific regulations that govern each issue and, if any changes need to be made, additional fees will be required.