Reinstating an LLC in Texas: Step-by-Step Guide

If your Texas Limited Liability Company (LLC) was dissolved for any reason, you can reestablish it by taking a few easy actions. This article will explain how to restart an LLC in Texas and address some associated issues, including how to divide LLC ownership, how to amend an LLC’s status with the IRS, how to replace an LLC’s manager, and what the distinction is between dissolution and termination.

You can reestablish your LLC if it has been disbanded for any reason by submitting a Certificate of Reinstatement to the Texas Secretary of State. The name of your LLC, the time it was dissolved, and the cause of the dissolution must all be disclosed. A $100 charge is also required of you. Your LLC will be revived as soon as the Certificate of Reinstatement is submitted.

An LLC’s members are free to divide ownership in any way they see fit. The amount of money invested or the quantity of work completed by each member can be used to determine how much of the business each person owns. The operating agreement for the LLC should specify the specifics of the ownership split.

How Do I Modify an LLC With The IRS? By submitting Form 8822-B to the IRS, you can modify the name, address, or tax classification of your LLC. If your LLC’s tax classification needs to be changed, you must submit Form 8832 to the IRS.

The operating agreement of an LLC may be modified to alter the manager of the LLC. The modified agreement shall name the new management and shall be executed by all the members of the LLC.

While dissolution and termination are frequently used synonymously, they actually have distinct meanings. The process of ending an LLC’s status as a legal entity is referred to as dissolution. When an LLC is terminated, its business dealings are closed off, its obligations are settled, and any remaining assets are distributed to the members. After the termination procedure is finished, the LLC is dissolved.

In Texas, restarting an LLC is an easy process, to sum up. With a $100 filing fee, you can submit a Certificate of Reinstatement to the Texas Secretary of State. Any method of member agreement may be used to divide an LLC’s ownership, and the operating agreement may be modified to alter the manager of an LLC. You can update the name, address, or tax status of your LLC by submitting the necessary paperwork to the IRS. Finally, the terms “dissolution” and “termination” have different meanings; termination refers to the process of winding up an LLC’s affairs, whereas dissolution refers to the process of ending an LLC’s existence.