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If you want to reinstate your business registration after its forfeiture for failure to file annual franchise tax report, use Form 801, Application for Reinstatement and Request to Set Aside Tax Forfeiture. All Texas business forms have detailed instructions that come with the form. Your first step in the reinstatement process is checking for name…
Want to know about the difference between a corporation vs LLC in Texas (as well as sole proprietorship)? This table will hopefully make it clear. Sole Proprietorship C Corp S Corp Limited Liability Company (LLC) Formation Requirements & Costs None Must file with state, state specific filing fee required Same as C Corp + file…
The Texas limited liability company is now the most popular legal entity for the Texas business which specializes in offering registered agents services to corporations, limited partnerships and the limited liability companies running business in Texas. Why? Because the Texas LLC gives you: But do you know that in order to retain the protections and…
Determining the type of legal structure for a new business can be daunting for entrepreneurs and small business owners. Corporations and limited liability companies (“LLCs”) are preferred business structures because, unlike sole proprietorships and partnerships, both offer liability protection. This means that the owner of a company cannot be held personally responsible for the company’s…
Are your assets protected if you are sued? What would happen to your personal savings if you are sued? Do you need assistance in choosing the right entity for your Texas business? The choice between limited liability companies (LLC), S and C corporations (INC), and limited partnerships (LP) can be daunting. Even if you have…
Compare Texas registered agents before you hire one. Consider why you have a registered agent in Texas for your company in the first place. Your Texas registered agent is your point of contact for: To compare Texas registered agents for your corporation or limited liability company we’ve made the list of things to consider below. While the…
Texas Limited Liability Company Name Requirements Chapter 5 of the Texas Business Organization Code deals with naming a domestic entity (corporation, llc, partnership, etc). Sec. 5.052. UNAUTHORIZED PURPOSE IN NAME PROHIBITED.A filing entity or a foreign filing entity may not have a name that contains any word or phrase that indicates or implies that the…
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Selecting a business structure that is best for you and other partners/investors should be made with a licensed and experienced Texas attorney, with consultation with an accountant, and taking into consideration issues regarding tax, liability, management, continuity, transfer-ability of ownership interests, and formality of operation. Generally, businesses are created and operated in one of the…
Texas Foreign Corporation A Texas foreign corporation is one previously formed in another state. If you are a corporation headquartered in another state and want to conduct business in Texas, you will need a Texas Certificate of Authority from the State of Texas. This is obtained by submitting paperwork as a foreign corporation with the…