How To Name a Protected Series in Texas

The naming requirements for a Series LLC are similar to a traditional LLC. In this article, we’ll look at naming strategies and requirements for each series (aka protected series) of a Series LLC.

How to change the name of a Texas LLC

When a business decides to use a new name, there are a handful of tasks that need to be completed. This article will outline a name change task list and provide a name change alternative.

How to update the address of a Texas LLC

As a business owner, changing your business address can be overwhelming. You’ll need to notify multiple parties of the new address. We have put together a task list to help you determine potential parties that may need to be notified of the new address.

Veteran owned LLCs in Texas

When forming a Texas LLC or using a Texas LLC to operate a business, veterans are entitled to some benefits.

How to convert a sole proprietorship to an LLC

When your business is just starting, operating as a sole proprietor often makes sense. But as the business grows, switching from a sole proprietorship to LLC is a wise choice and, thankfully, a simple one to make.

Annual Costs for a Texas LLC

Unlike almost every other state, there are no annual fees to keep an LLC active in Texas. There is an annual report that must be filed with the Texas Comptroller, but there is no filing fee for the annual report. Learn more about the initial costs to form a Texas LLC.

What is an EIN?

An Employer Identification Number or “EIN” is a unique nine-digit number identifying your business for federal tax purposes. An EIN is like a Social Security Number for your business. An EIN is sometimes called an FEIN or TIN (these are abbreviations of Federal Employer Identification Number and Tax Identification Number, respectively).

Foreign LLC vs Domestic LLC

If you are conducting business with an LLC in more than one state, you may need register in each. We often use the words “domestic LLC” and/or “foreign LLC” when describing LLCs that do business in multiple states. Domestic LLCs and Foreign LLCs – what’s the difference?

When to register a foreign LLC in Texas

If you have an LLC established outside of Texas and the LLC does business in Texas, you must file an “Application to Register Foreign LLC” (TXSOS Form 304) with the Texas Secretary of State within 90 days of the first business transaction in Texas.

What is a foreign LLC?

Limited liability companies (LLCs) doing business in states other than the one where they are formed may need to apply for foreign LLC status in those states.

Texas Single Member LLC

The Texas single-member LLC (SMLLC) is the most popular entity choice for businesses with one owner. In this article, we will address frequently asked questions including advantages, disadvantages, costs, taxation, annual maintenance, etc.

Texas Professional LLC (PLLC) Overview

A business entity that is formed for the purpose of providing a “professional service” (i.e. a service that requires a Texas license) may need to be a professional entity like a professional corporation (PC) or professional LLC (PLLC).

Cost to form a Texas LLC

The cost to form an LLC in Texas equals the state filing fee ($300) plus the service fee if you hire someone to create your Texas LLC.

LLC Taxation

LLCs do not have their own federal income tax classification. As such, the LLC gets to choose between the existing tax classifications: (1) Sole Proprietorship/Partnership; (2) S-Corporation; or (3) C-corporation.

Texas Series LLC for Real Estate Investors

The Texas Series LLC is quickly becoming the preferred business entity for real estate investors. By using the Series LLC, a real estate investor can now pay for only one business entity and get the liability protection that normally takes multiple entities.