If you want someone to take care of it for you, we recommend hiring Northwest Registered Agent Need to save time? Hire a company to form your LLC: Northwest ($39 + state fee) or LegalZoom ($149 + state fee) (We recommend Northwest. We've reviewed all the top companies in the indust...
Topics discussed include a brief historical overview of series LLCs in Texas, Texas franchise tax code (TTC) as well as its provisions and proposed regulations for taxation of series LLCs for federal income tax purposes. Other topics include the Catch-All Clause of TTC Section 171.0002 and ...
A Texas registered agent is an individual or entity appointed to accept service of process (lawsuit papers) and state mail on behalf of a Texas business. Maintaining a Texas registered agent is a legal requirement that applies to corporations, LLCs, and all other formal business entities in our...
(Placename) a state of the southwestern US, on the Gulf of Mexico: the second largest state; part of Mexico from 1821 to 1836, when it was declared an independent republic; joined the US in 1845; consists chiefly of a plain, with a wide flat coastal belt rising up to the semiarid ...
What is an LLC? How to Start an LLC? How to Change Your Name What is a DBA? Most Profitable Small Business Ideas What Is a Registered Agent? How to Conduct a Trademark Search What is the Divorce Process? How to Find Out if a Business Name is Taken?
S corporations are still responsible for the franchise tax based on the annual revenue of the business. The one percent tax rate remains the same and shareholders do not pay any state taxes on income received from the company. Limited Liability Companies (LLCs) Limited liability companies are th...
After formation, the state of Texas requires an LLC to create an operating agreement. This agreement needs to be written, and should be kept with the company's records. In order to open a bank account for your business, you will often be required to submit both your operating agreement, ...
Ongoing annual costs for maintaining an LLC LLCs come with ongoing costs in addition to startup fees. Limited liability companies are subject to a state franchise tax. Your franchise tax liability in Texas depends on your business type and revenue. The franchise tax rate, threshold, and deductio...
Step 7: Pay state taxes Here’s some good news: Texas doesn’t collect corporate income tax. Instead, you’ll need to know about: Annual tax for LLCs and corporations levied by the Texas Comptroller of Public Accounts State sales and use tax: fixed state rate, plus up to 2% in local...
From personal asset protection to favorable tax rules and regulations, LLCs provide a range of benefits to business owners. Choosing the best LLC service provider will help you navigate the process and ensure that your application with the state is accepted. However, with the varying services and...