If you are the owner of an LLC in Texas, there may be a moment when you need to rename your company. In Texas, renaming your LLC is a fairly simple process, but there are some costs and conditions that must be met. This article will discuss how much it costs to rename an LLC in Texas and address other pertinent issues.
In Texas, you must submit a Certificate of Amendment to the Secretary of State if you want to rename your LLC. The $150 filing fee for the Certificate of Amendment can be paid online or by mail. If you require your documents to be processed more quickly, an additional $25 expedited service cost is available.
You will also need to change your LLC’s name with other governmental organizations and entities, in addition to paying the filing fee. You must update the name of your LLC’s DBA (doing business as) name with the county clerk’s office where you first registered the DBA, for instance, if your LLC has one. The cost to modify a DBA name varies by jurisdiction and normally costs between $10 and $50.
You must also amend your business name with the IRS if you registered your LLC with them for federal tax purposes. Form 8822-B, which can be submitted for free, can be used to accomplish this. However, you must also change the name of your LLC on your tax return if you have an EIN (employer identification number).
The operating agreement for your LLC can be amended if the name of the management needs to be changed. Although there is no cost associated with revising your operating agreement, you might want to speak with a lawyer to be sure that it is properly designed and implemented.
Last but not least, you must file an amended Certificate of Formation with the Secretary of State if you need to restructure your LLC, such as changing the ownership structure or adding or deleting members. An revised Certificate of Formation must be filed for a charge of $150.
In conclusion, you must submit a Certificate of Amendment to the Secretary of State in Texas along with a $150 filing fee if you want to change the name of your LLC. Additionally, you will need to change the name of your LLC with other governmental organizations and institutions, including the county clerk’s office and the IRS. Additional stages and costs can be involved if you need to restructure your LLC or change the name of the LLC manager. It is always advised to seek legal advice or other professional advice to make sure you are adhering to all legal requirements and the proper procedures.