LLC Formation and Management in Texas
- An LLC continues perpetually if no expiration date is stated in the articles of organization.
- LLCs don’t pay taxes. Instead, profits and losses pass through to owners to report on personal returns.
- Texas charges LLCs a franchise tax. Most need a business bank account.
- To form a Texas LLC, file a Certificate, appoint an agent and pay fees.
- To look up an LLC, search on the Secretary of State website by name or number.
Maintaining and Closing an LLC in Texas
- How do I keep my LLC active in Texas?
- To dissolve a Texas LLC, comply with the operating agreement terms.
- A court order can also terminate an LLC in Texas. After deciding to dissolve, the company must wind up affairs.
Taxes and Renewal Fees for Texas LLCs
- Do I need to renew my LLC every year in Texas?
- A limited liability company (LLC) allows owners limited liability for company debts or lawsuits.
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