Choosing a legal structure is one of the first steps in the difficult process of starting a business. The limited liability company (LLC) is one of the most common solutions for proprietors of small businesses in Texas. But how much does it cost in Texas to register an LLC? Let’s look more closely. Filing Charge
A number distinct factors affect how much it will cost to register an LLC in Texas, but the filing fee will be the biggest outlay. Currently, Texas charges $300 to form an LLC. This charge must be paid at the time of filing and is not refundable. However, there is an extra charge of $25 for 1-day processing or $50 for same-day processing if you require expedited processing. Other Expenses
There could be additional fees when incorporating an LLC in Texas in addition to the filing charge. For instance, you will be required to pay the attorney’s fees if you employ them to assist you with the process. Additionally, you might have to pay for the registered agent service that Texas law mandates. This service makes sure your LLC receives crucial legal notices and papers.
Taxes on any money your LLC makes must be paid by you as the business owner. However, you might not need to file a tax return if your LLC had no income during a certain tax year. A tax expert should always be consulted to make sure you are adhering to all relevant tax regulations. Restoration
In Texas, your LLC must be renewed each year. There is no fee for renewal, but you will have to submit an annual report and pay a fee of $0.01. If you don’t submit the yearly report, the state may administratively dissolve your LLC. Registration of an LLC Yourself
Although filing an LLC on your own is a possibility, it’s crucial to comprehend the legal criteria and potential risks. Although there are many internet resources available to you, they might not offer the same degree of support and direction as an attorney. If you do decide to try it alone, be sure to perform extensive study on the procedure and pay close attention to all guidelines. Certificate of Good Behavior
The Texas Department of Public Safety is where you can go if you need a certificate of good conduct in Texas. This document is often referred to as a CHRI report, which stands for criminal history record information. You must submit your fingerprints and a $25 fee to acquire a CHRI report. Any criminal history data that Texas has on file will be displayed in the report.
In conclusion, the $300 filing fee is the main expense associated with forming an LLC in Texas. Attorney fees and registered agent services are examples of additional expenses. Understanding your tax responsibilities as a business owner is crucial, as is renewing your LLC on an annual basis. While it is possible to create an LLC on your own, you should exercise caution and think about seeking legal advice. Last but not least, you can pay $25 to the Texas Department of Public Safety to get a certificate of good behavior if you need one.