All Texas LLCs must file a Public Information Report (PIR) every year. And some LLCs also need to file a Franchise Tax Return every year (if the LLC makes more than $2.47 million per year). These filings keep your LLC in good standing with the state. How much do the Franchise Tax ...
Step 8. Understand Texas state tax requirements Your LLC may be required to pay an annual franchise tax to the Texas Comptroller of Public Accounts. This tax is calculated using a revenue threshold and defined percentages, so you may not be required to pay it if your earnings fall below the...
Tax structure: Often this indicates the way the LLC will choose to be taxed. The main options are to be taxed as a sole proprietor or a partnership ( both pass through options ) or to be taxed as a corporation ( which requires an S Corp Election to be filed ) Ownership and management...
state or federal government agency. Sole proprietorships and self-employed people often have businesses formed by a single individual, such as a consultant. The business tax registration requirements that apply to sole proprietors depend on your local and state regulations...
Step 1: Name Your Texas LLCBefore you get started, you will need to pick a suitable name for your Texas LLC.This will need to comply with all applicable naming requirements under Texas law and be both succinct and memorable, as this will make it easily searchable by your potential clients...
December 17, 2024 · 22min read If you're starting a new business, it's important to make sure the name you choose isn't already taken. Here's how. November 26, 2024 · 12min read In Texas, the main cost of starting your LLC is the state filing fee of $300. ...
Maintaining a Texas registered agent is a legal requirement that applies to corporations, LLCs, and all other formal business entities in Texas.
The second special legislative session ended recently in Texas with passage of several significant property tax bills, addressing administrative and compliance issues.
The name of the Company shall be (Company Name LLC), and its principal place of business shall be (Address). The Members may change such name, consistent with the requirements of the Act, change such place of business, or establish additional places of business of the Company as the Member...
Texas Real Estate License Renewal Requirements The Texas Real Estate Commission (TREC) requires licensed real estate agents and brokers to renew their license every two years. If you are renewing your sales agent license for the first time, TREC requires you to complete 98 hours of Sales Agent ...