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Step 2: Choose a Registered Agent in TexasAfter you find the right name for your LLC, you will need to nominate a Texas registered agent. This is a necessary step in your Certificate of Formation (i.e., the document used to file and register your LLC with the Secretary of State)....
Texas doesn’t have a state income tax for businesses. However, LLCs in Texas are required to submit an annual Franchise Tax with the Office of the Controller. The Franchise Tax is usually less than 1% of the gross receipts over $1.23 million, but this can vary slightly depending on your...
Thedirectorsof an organization come together to form a board of directors. This board of directors is responsible for overseeing the operations of the nonprofit. The president, secretary, and other members of the nonprofit who have individual responsibilities and authorities are known asofficers. Both...
Adding or removing members: the process of removing and adding members Dissolution: when the LLC can be dissolved and how debts and assets will be handled For even more details on the sections, see our guide on what's included in an Operating Agreement. Does Texas Require Operating Agreements...
The research team has been able to prevent Li-S batteries from producing an unwanted side effect known as polysulfide dissolution that appears over time, shortening their lifespan. “This breakthrough could lead to more durable, long-lasting batteries,” said Wang, the Brown Foundation Chair of...
A charter member of the Southwest Conference until its dissolution in 1996, A&M now competes in the Big 12 Conference (South Division). The school's 20 sports teams are known as the Aggies, and the school's colors are maroon and white. As of June 2009, Aggies have earned 130 Southwest...