A company entity is legally required to receive official government mail and legal documents at its registered office, which must be a physical location. This address must be an actual street address inside the state of Pennsylvania; a PO Box is not allowed. Additionally, during regular business hours, someone must be able to physically accept legal documents at the registered office address.
The registered office address is public information and may be found on the website of the Pennsylvania Department of State. It is crucial to maintain this information current because doing otherwise may result in fines and legal repercussions. A business entity must submit a change of address form to the Pennsylvania Department of State whenever its registered office address changes.
A registered agent is a person or organization chosen to receive official letters from the government and legal papers on behalf of a business entity. In Pennsylvania, a registered agent may either be an individual who resides in the state or a company that is legally permitted to conduct business there. The registered agent must be able to receive legal papers during regular business hours and have a physical address in the state.
A corporate entity can choose an individual or company that complies with the state’s standards or use a professional registered agent service to select a registered agent in Pennsylvania. On its website, the Pennsylvania Department of State also has a list of registered agent services.
In Texas, must an LLC be renewed annually? Yes, the Texas Secretary of State must receive an annual report from every LLC registered in the state. Each year, by May 15th, the annual report must be submitted, and it must include the LLC’s current contact information, including the names and addresses of its members and management. For Texas-based LLCs that were founded, filing the annual report costs $75 for those that were formed in another state but are still permitted to conduct business in Texas.
All Texas LLCs are subject to an annual franchise tax in addition to the annual report cost. The franchise tax is due on May 15th of each year and is calculated based on the LLC’s annual revenue. The franchise tax rate in Texas for LLCs is 0.375% of the taxable margin of the LLC, which is determined by subtracting specified deductions from the total income of the LLC. In Texas, LLC franchise taxes range from $0 to a maximum of $250,000.
The annual revenue of the LLC and other criteria will affect how much it will cost to renew the LLC in Texas. Texas LLCs may be charged additional fees and taxes, such as a state sales tax or a local company license fee, in addition to the annual report fee and franchise tax. Depending on the size and kind of the LLC, the total cost to renew one in Texas might range from nothing to several thousand dollars.