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.
But keep in mind that you must follow the Texas LLC rules and regulations in order to ensure that you are protected under the laws of the state.
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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.
All documents filed with the state must include certain specific information about the LLC, and regulations governing the formatting of the information must be strictly adhered to before the LLC will be approved by the state.
PRIMARY TEXAS LLC REQUIREMENTS
A critical requirement for a Texas LLC is to provide a name for the limited liability company. There are several important regulations governing the naming of a Texas LLC. You must also keep in mind that the name of your LLC must be unique. If it is the same as, or too similar to, the name of an existing Texas corporation, the name will be rejected by the state.
A TX LLC also needs to appoint and maintain a legitimate Texas registered agent that has a permanent physical address in Texas. The registered agent is the official person or entity that can accept legal papers and other important documents delivered to the Texas limited liability company.
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Another unique requirement in Texas is that the initial members must be listed in the filing documents for a Texas member managed LLC. If the business is manager managed, the initial managers must be identified. One way to get around having to publicly document all members is to just list one initial member or manager and then admit more of them later after formation.
Finally, certain fees and filing charges must be paid to the proper Texas state entities in order to complete the creation of your LLC. The standard filing fee is $300, but depending on how the filing is submitted, other fees and charges may apply.
SUMMARY
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
