In Texas, you can indeed change the name of your company. However, if you run your company as an LLC, you’ll have to follow a legal procedure to change the name of your company. You can immediately begin using your new name and change your business registration records if you run as a sole proprietorship or partnership.
You can update your LLC’s manager’s name by submitting an amendment to the Texas Secretary of State. The revision shall specify the name and address of the new Manager and any other changes as may be necessary. When the revision is accepted, you must include the new manager’s information in your LLC’s operating agreement.
You must submit Form 8822-B, the Change of Address or Responsible Party – Business Form, to the IRS in order to change your LLC’s name. You can edit the name, address, and responsible party information for your LLC using this form. Within 4-6 weeks, you should receive confirmation of the modification, and you can submit the paperwork either electronically or by mail.
Yes, Texas LLCs are subject to an annual fee. The $300 charge is required on the anniversary of the creation of your LLC. Your LLC might be charged fines and interest if you don’t pay the fee on time. Additionally, your LLC may be administratively dissolved if you don’t pay the charge for two years in a row.
In conclusion, renaming your LLC in Texas is a simple procedure that entails altering your company name with the IRS, the Texas Secretary of State, and any other pertinent organizations. By filing an update with the Texas Secretary of State, you can modify the name of the LLC management if necessary. Remember that Texas requires an annual fee for LLCs, so make sure to pay on time to prevent fines or the dissolution of your LLC.
An LLC in Texas can continue forever until it is dissolved by the members or by the state for failing to pay taxes or adhere to state requirements. Therefore, an LLC in Texas does not have a set duration.