Sample Post-LLC Formation Task List
Sign the LLC Documents
Obtain a Federal Tax ID (the “EIN”)
Many of our clients ask us to get an EIN for their new LLC, but if you declined this option you can get your EIN once the LLC is created. Unlike the TEXAS Tax ID (which is issued by the Texas Comptroller automatically), someone must apply for the FEDERAL Tax ID (EIN).
- How do I apply for an EIN for my new LLC? You can apply online, via fax or mail. Applying for an EIN online is by far the best and fastest way to obtain an EIN.
- Do I need an EIN for my new LLC? The short answer is “Yes.” If the LLC will have a bank account or pay W-2 wages to employees, it will need an EIN.
- How do I locate my TEXAS Tax ID Number? The Texas Comptroller will issue a TEXAS Tax ID number to the LLC automatically. It will take them a few days to do so, but once issued your registered agent will receive a letter from the Comptroller that will include Texas Tax ID number. You can also locate your Texas Tax ID via the Taxable Entity Search on the Texas Comptroller’s website. Please note, this system is very particular (even a missing comma will affect your search).
Open a Business Bank Account
Further Protect Your Business Name
Trademark Protection: Registering an LLC with the state is just the starting point. You should consider applying for a federal trademark to further protect your business name, logo, slogan, or other intellectual property.
Assumed Name Filing: If the LLC uses an assumed name (any name that does not equal the LLC name), you must file an Assumed Name Certificate (aka “DBA” which is short for “doing business as”). Many of our clients desire to drop the “LLC” in their logo or marketing materials. This is a classic example of an assumed name. Read more about Assumed Names/DBAs.
Apply for a Sales Tax Permit
Fill out a W-9
Obtain Required Licenses or Permits
Luckily, in Texas, there is no requirement that every single business get a general business license or permit. However, keep in mind that there are certain businesses or activities that do require a license or permit. While the Texas Department of Licensing and Registration (TLDR) governs some of the more popular Texas licenses, the links below may be useful in determining if your profession or business activity requires a business license.
Keep in mind, your local city and/or county may have additional licenses (and permits) that are required. CityApplications.com lists some of the local licenses that may be required by your city.
If you don't feel comfortable doing the research on your own, companies like BizFilings offer business license research services for around $100. Read more about BizFilings's business license research packages.