In order to launch a business in Texas, one must register with the state. Depending on the kind of business entity you decide to organize, the cost to register a business in Texas varies. In this post, we’ll examine the prices associated with establishing various kinds of enterprises in Texas. Corporation with limited liability (LLC)
Because it provides liability protection for its owners while also allowing for management freedom, an LLC is a well-liked company entity in Texas. In Texas, creating an LLC costs $300. When submitting the Certificate of Formation, this fee must be paid to the Texas Secretary of State. In order to speed up the filing procedure, there is also an additional $50 charge that is optional.
2. Using a Doing Business As (DBA)
A DBA is a way to conduct business under a name other than the one shown on your state’s registration. The fee to file a DBA in Texas is $25 for each county where the business will conduct business. If the company has locations in numerous counties, there will be a $25 fee for each one. 3. Multiple Companies Operating as One LLC
In Texas, a single LLC can be utilized by many companies. However, each company is required to register a unique “doing business as” (DBA) name with the state. As previously stated, a DBA must be filed for a fee of $25 per county. 4. Criminals and LLCs
In Texas, committing a felony does not prevent one from forming an LLC. However, the state may need more information before sanctioning the creation of the LLC if the felony conviction is connected to fraud or other financial crimes.
Depending on the workload of the Secretary of State’s office, the processing time for creating an LLC in Texas may change. The state normally processes the Certificate of Formation in 2-3 business days. However, for an extra charge, an expedited file can be finished in as little as 24 hours.
In conclusion, the type of business entity you select to form will affect how much it costs to register a business in Texas. A DBA costs $25 per county, while an LLC costs $300. The same LLC may be used for more than one firm, but each company needs to have a different DBA registered with the state. In Texas, creating an LLC is not prohibited by criminal convictions, but additional paperwork might be needed. An expedited application can be finished in as little as 24 hours for a charge in Texas, when processing for incorporating an LLC generally takes 2-3 business days.