How And Why To Create An LLC In Texas
There are many reasons and benefits to create an LLC, which stands for Limited Liability Company. Creating a limited liability company comes with important tax benefits and limited personal liability, which is attractive to so many businessmen and women. In fact, most people don’t know that it’s a pretty simple process to submit for an LLC in Texas.
Your best friend for all questions regarding submitting an LLC in Texas is the Texas Secretary of State. They provide an abundance of information on the various types of business structures as well as answering many frequently asked questions.
One of the top benefits of forming an LLC is that it’s a fairly inexpensive and easy process to start a business or to separate it from you personally while providing some legal protections.
Today I want to help provide you with information on how to submit for an LLC in the state of Texas, in a few easy steps.
Step one: Create a name for the LLC
Creating a name for your LLC before anything else will limit your time online during submission. It’s always good to have a couple back up names just in case your first option is taken. It’s almost like creating a new email address or username. Remember, it will always be followed by LLC.
Step Two: Choose a Registered Agent
This is where your tax information will go. Think of it as choosing your managing member of the entity.
Step Three: Complete the Certificate of Formation
Certificate of Formation is the form that will be submitted to the Secretary of State in order to officially file for your LLC. You have options to submit this, including doing it online, via mail, or in person. You can even submit your Texas LLC application here. Please note, it requires a login and payment information to submit for filing.
Once you have been approved, you will receive an EIN number. This is extremely important for tax purposes!
If you still aren’t sure if an LLC is right for you, you can read up on six benefits of an LLC. If you still have questions or want to talk through your business options, call our knowledgeable team at Blink here in Houston.
