In Texas, processing times for LLCs might vary based on a number of variables. If you opt to submit online, processing time can range from 1 to 2 weeks, while it can take up to 4 to 6 weeks if you want to file by mail. You can speed up the processing of your LLC by paying a charge if you need it done right away. Normally, the accelerated procedure takes between one and two business days.
Yes, in order to keep their LLC in good standing, Texas LLC owners must submit an annual report and pay a fee. The annual report contains fundamental details about your LLC, like its name, members’ names, and mailing address. If an LLC has no income from Texas, there is no filing charge. If an LLC has income from Texas, but it is less than $1,080, there is a filing fee of $50. If an LLC has income from Texas, but it is $1,080 or more, there is a filing fee of $300.
An LLC is regarded as a permanent entity in Texas, which means it has no expiration date. For their LLC to remain in good standing, owners must submit yearly reports and pay the required fees. An LLC owner must also file a certificate of termination and pay a fee if they desire to dissolve their LLC.
Doing business as (DBA) is a made-up name that a company may employ in place of its legal name. An LLC, on the other hand, is a business entity that shields its owners from liabilities. You must decide on a name for your company before forming an LLC. Your LLC will have this name as its legal name, and you won’t need to submit a DBA. However, you must submit a DBA if you want to use a name other than the legal name of your LLC.
In Texas, you can submit an LLC on your own. To make sure you are adhering to all legal requirements and properly filing the required papers, it is advised that you speak with an attorney or a business formation agency. If you decide to file independently, you must submit the required documents to the Texas Secretary of State’s office along with the required payments.
In conclusion, establishing an LLC in Texas is a quick and simple process that can be completed in a few weeks. LLC owners must also submit yearly reports and pay the required fees to keep their LLCs in good standing legally. Finally, although DBAs are made-up names that companies can use in place of their legal identities, LLCs offer liability protection for their owners.