You might be wondering how much it will cost to rename your Limited Liability Company (LLC) if you operate a business in Texas and are considering doing so. The good news is that, in comparison to other US states, Texas has one of the lowest costs for renaming an LLC. To guarantee a successful name change, you must do specific actions. In this article, we’ll talk about how much it costs to rename an LLC in Texas as well as how to get your name removed. The price of renaming an LLC in Texas
In Texas, altering an LLC’s name costs $50. The Texas Secretary of State will receive this payment. However, there is an additional $25 price if you decide to accelerate the procedure. While the usual process might take up to 10 business days, the expedited process just takes one to two business days. Please be aware that the $50 application cost is non-refundable, so double check your name before submitting your application.
In Texas, you must take the following actions in order to alter the name of your LLC:
1. Pick a New Name: Select a new name that abides by the naming guidelines established by the Texas Secretary of State. The new name must be distinct from any already-used company name in the state of Texas.
2. Submit the Certificate of Amendment: Submit the Certificate of Amendment to the Secretary of State of Texas. You can submit this form electronically or by mail. The LLC’s original name, the new name, and the explanation for the change must all be included.
3. Obtain Approval: The Texas Secretary of State will issue you a Certificate of Amendment once your application has been granted. The name of your LLC should be updated in all business records, including your business bank account, business cards, and any other legal paperwork.
The steps below must be followed if you are a member of an LLC in Texas and want to have your name removed from the LLC:
2. Submit an official Statement of Withdrawal to the Secretary of State of Texas. You can submit this form electronically or by mail. Your name, the name of the LLC, and the explanation for your withdrawal must all be provided.
4. Update Business Records: Update all business records that feature your name as an LLC member, such as your business bank account, business cards, and any other legal documents.
To sum up, renaming an LLC in Texas is a quick and economical process. Texas charges $50 for altering an LLC’s name, and the procedure takes a few business days to complete. You must submit a Statement of Withdrawal to the Texas Secretary of State in order to have your name removed from an LLC in that state. To ensure a successful name change or withdrawal from an LLC in Texas, make sure you adhere to the procedures described in this article.