The procedure for reviving your Texas LLC will depend on the cause of its administrative dissolution. In the event that the LLC was terminated for failing to submit an annual report, you can reinstate it by submitting the missed report and making a payment. You might need to submit an application for reinstatement and pay a fee if the LLC was terminated for another reason. It is advised to speak with an accountant or attorney to make sure all appropriate measures are performed.
If an LLC dissolves voluntarily and has no unpaid debts or commitments, there is no fee to do so in Texas. However, there can be extra expenses incurred to resolve any outstanding debts or obligations or if the LLC is involuntarily dissolved.
The degree of liability protection you need to have should be taken into account while choosing between an LLC and a DBA (Doing Business As). Simply put, a DBA enables you to conduct business under a name other than your legal name or the name of your registered business entity. The proprietors of the business are protected from personal liability by an LLC, on the other hand. An LLC is typically advised for companies with many owners or higher degrees of liability risk, but a DBA may be appropriate for a sole proprietorship or small business.
In Texas, the fee to file a DBA varies according to the county where you file. The filing cost is between $10 and $50. A local newspaper notice of the DBA may also be required, which will increase the entire cost.
In conclusion, Texas does have Articles of Incorporation, and depending on the situation, the procedure for reviving or dissolving an LLC may differ. The appropriate amount of liability protection should be taken into account when choosing a business structure. In Texas, the fee to file a DBA varies according to the county where you file. When making these crucial business decisions, seeking professional advice is advised.
You may obtain your DBA (Doing Business As) in Texas online, yes. However, filing Articles of Incorporation is a different procedure from this. You must submit a Certificate of Assumed Name to the Texas Secretary of State’s office or the county clerk’s office in the county where your business is located in order to register your DBA. There are numerous internet resources that can help you register a DBA in Texas.