Limited Liability Company

 

The Texas limited liability company laws provide small business owners with sound liability protection, while at the same time giving them a simple and flexible way to operate their small businesses.

However, in order to ensure that you have a proper Texas LLC and protection, you must know and follow the Texas LLC requirements.

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TEXAS STATE AGENCY ENFORCES THE RULES

Texas delegates the formation processing and ongoing regulation of TX LLC entities to a state agency called the Secretary of State which also oversees Texas corporations. This state agency is quite strict and about enforcing the Texas LLC requirements for forming a limited liability company.

The documents that are filed to form a TX LLC must include certain information about the new business to be conducted and formatting parameters must be adhered to.

FOUR MAIN TEXAS LLC REQUIREMENTS

First, Texas LLC requires that the limited liability company be given a proper and available name. Texas has many rules and restrictions on what is a proper name for a limited liability company. Also, many names have already been taken by legal entities because they were formed and registered with Texas. Many names are no longer available. Make sure to check if the name is already in use.

A Texas LLC must also have a registered agent with a physical address within the state of Texas. The registered agent is responsible for accepting legal documents and other important correspondence for the Texas limited liability company.

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Texas requires that all of the members of the LLC must be listed in the initial filing documents. All managers of the business must be identified in the official documents filed with the state. If you do not wish to publicly name all members of the business, you may simply list one initial member and then add more members after your LLC has been formed.

The final Texas LLC requirement is to pay all the proper fees and charges to the proper entities or organization. The standard filing fee for an LLC in Texas is $300. Some other charges and fees may also be applied.

CONCLUSION

Make sure you meet all Texas LLC requirements prior to submitting a filing with the Texas Secretary of State. You do not want to face the delays and issues associated with a rejected filing. Also, the liability protection of a TX LLC depends on a proper and complete formation. Do not risk your personal liability.

CLICK HERE for a FREE Texas LLC Guide, FREE Name Search or 3 Day Texas LLC Formation