Do Texas Llcs File Annual Reports? Establishing an LLC in Texas

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To form an LLC in Texas, follow these steps:

  1. Submit a Certificate and pay a $300 fee to the Secretary of State.
  2. Choose a name and agent.
  3. It takes 40 days for processing unless you pay $25 more for expedited service.

Key considerations for LLC management and dissolution:

  • LLCs must file a Franchise Tax report in Texas.
  • To dissolve an LLC, follow these steps:
    • Stop advertising.
    • Complete unfinished business.
    • Pay debts.
    • Distribute assets.
    • File a certificate with the Secretary.
    • Terminate registration in other states.
    • The fee to dissolve is $40.

Understanding renewal and reinstatement processes:

  • Expired LLCs can renew by filing a form.
  • Inactive LLCs may exist without transactions.
  • Reinstating an LLC entails filing for Reinstatement or a Certificate and addressing underlying issues.
  • The Texas LLC filing fee is $300.

  • Does an LLC have to be renewed every year in Texas?
    A limited liability company can continue perpetually in Texas if no expiration date is stated in its articles of organization. Members can decide if and when an LLC expires.

  • What filings are required for a Texas LLC?
    Steps involved in forming a Texas LLC include choosing a name, filing paperwork and paying fees, appointing a registered agent, and drafting an operating agreement.

  • What is a Texas LLC?
    A Texas LLC provides liability protection, combining advantages of both a corporation and partnership. Owners are shielded from personal liability.

  • Case Study: Successful Texas LLC
    XYZ Consulting LLC in Houston has leveraged Texas’s favorable LLC regulations to establish itself as a leader. By adhering to rules and seizing growth opportunities, the company has thrived.

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